TITLE

Atlas Shrugged (and the World Shook)

AUTHOR(S)
FORMAN, MICHAEL
PUB. DATE
November 2008
SOURCE
Securities Industry News;11/3/2008, Vol. 20 Issue 38, p4
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
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.
ACCESSION #
35188778

 

Related Articles

  • The real picture. SIMMS, JANE // Director;Nov2008, Vol. 62 Issue 4, p27 

    The article reflects on the financial crisis in Great Britain in 2008. It discusses its impact on the reputation of the Great Britain as a haven of safe investments, the consequences of regulation in the financial services industry and expectations of bankruptcies in the private equity sector....

  • the fire this time. BROWNSTEIN, HOWARD BROD // Secured Lender;Jan/Feb2009, Vol. 65 Issue 1, p32 

    The author reflects on what will happen to the turnaround industry in 2009. He believes that turnaround professionals and lenders can get past the economic crisis through good communication, simultaneous corporate renewal process down multiple paths and the turnaround professional's guarantee of...

  • Reglering och övervakning av det finansiella systemet -- en strid ström av initiativ i finanskrisens efterdyningar. Westman, Hanna // Ekonomiska Samfundets Tidskrift;2011, Issue 2, p116 

    Currently we are witnessing a continuous flow of regulatory and supervisory initiatives following the financial crisis. The Basel III framework is the most significant of the regulatory initiatives, but several other initiatives are also needed. The challenge is to ensure that all the...

  • Focus cost cutting on smart partnerships, not layoffs. Fisher, Don // North Western Financial Review;1/15/2009, Vol. 194 Issue 2, p6 

    The article provides ways for the banking organization to weather the impact of the 2009 economic downturn without having to reduce services or eliminate full-time equivalent (FTE) employees. The challenges for financial institutions are presented along with the need to reassess key vendor...

  • Análisis de la integración de la regulación y supervisión financiera al banco central. Demaestri, Edgardo; Ferro, Gustavo // Ensayos Economicos;jun2013, Issue 68, p75 

    We analyze the expected consequences of integrating financial regulation and supervision to the central bank. The unified financial services regulator, which spread in the last fifteen years as an alternative to specialized institutional regulation, may or may not be at the central bank. His...

  • CREDIT CRUNCH FORCES HOSPITALS TO RECONSIDER CONSTRUCTION. Greene, Jan // Health Facilities Management;Dec2008, Vol. 21 Issue 12, p5 

    The article reports on the implications of the 2008 -2009 credit crisis for the financial affairs of U.S. health care sectors. Finance and building experts report that a number of organizations are rethinking their future projects as a result of higher interest rates. Expansion projects of...

  • Prescription for the current turbulence. Hari, P. K. // Textile Magazine;Nov2008, Vol. 50 Issue 1, p110 

    This article offers advice on how developing countries like India and China could protect themselves from the effects of the worsening turmoil in financial markets all over the world, as of November 2008. The economic slowdown in the U.S. is said to be affecting the booming information...

  • Think depression, not recession.  // Super Review;Apr2009, Vol. 23 Issue 3, p6 

    The article reports on the suggestion given by Bridgewater Associates Inc. director and portfolio strategist Rob Zink for governments and the financial services industry to look beyond conventional remedies when addressing the global financial crisis because it represents a global depression in...

  • Facing an unavoidable reality.  // Super Review;Apr2009, Vol. 23 Issue 3, p8 

    The author reflects on the impact of the survey on the liquidity of the funds in the superannuation industry as suggested by the Australian Prudential Regulation Authority in Australia. He noted that the regulator is patently knowledgeable of the stresses being felt by some funds, as well as the...

Share

Read the Article

Courtesy of THE LIBRARY OF VIRGINIA

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics