Atlas Shrugged (and the World Shook)

November 2008
Securities Industry News;11/3/2008, Vol. 20 Issue 38, p4
Trade Publication
The author reflects on the ongoing global financial crisis that began in 2008 and calls for the reevaluation of the incentive structures present in U.S. financial institutions, citing economist Joseph Stiglitz's opinion that distorted incentives often result in excessive risk-taking and short-sighted behavior. He suggests that reforms of the U.S. financial industry should lead to the establishment of a system that would not sacrifice its long-term interests in favor of short-term gains, for the economy to weather the financial turmoil.


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