TITLE

the moral of the story

AUTHOR(S)
BANGAY, TOM
PUB. DATE
June 2013
SOURCE
IBA Global Insight;Jun/Jul2013, Vol. 67 Issue 3, p18
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article talks about the effects of the global economic crisis in 2008 and its lasting effects felt by countries in 2013. The author discusses the 'moral hazard' of using taxpayers money to bailout, even indirectly fund, the risks and risk-taking behaviors of the finance industry. The author discusses examples like the mismanagement of the Lehman Brothers' financial institution which was in the brink of insolvency and compares it to similar situations in Greece and in Cyprus.
ACCESSION #
88974614

 

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