the moral of the story

June 2013
IBA Global Insight;Jun/Jul2013, Vol. 67 Issue 3, p18
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.


Related Articles

  • DEPOSIT INSURANCE AND BANKING STABILITY. Kam Hon Chu // CATO Journal;Winter2011, Vol. 31 Issue 1, p99 

    The article discusses bank runs and deposit insurance policies, focusing on examples from the global financial crisis which began in 2008, and addressing issues such as financial stability and government bailouts. Some problems with deposit insurance are analyzed, such as moral hazard, and it is...

  • A General Motors works council’s response to the capitalist global financial crisis: A case study from Germany. Klikauer, Thomas // Capital & Class;Jun2012, Vol. 36 Issue 2, p303 

    The 2008-2009 global financial crisis (GFC) has negatively impacted on banks, financial institutions and companies such as General Motors (GM), bringing the latter’s European subsidiary close to insolvency and highlighting some of the US car manufacturer’s long-term problems, which...

  • Counterpoint: The 2008-2009 US Bank Bailouts Failed. Cushman, C. Ames // Points of View: Bank Bailout;3/1/2016, p3 

    The article presents an argument against the 2008-2009 government bailout of U.S. banks. It is the author's opinion that the bailout was unnecessary and has not benefited the overall economic situation or the consumer class. Factors leading to the bank bailout, options available under the U.S....

  • Capitalism's global financial crisis: The role of the state Choi, Chong Ju; Berger, Ron; Kim, Jai Boem // Social Science Journal;Dec2010, Vol. 47 Issue 4, p829 

    Abstract: The bankruptcy and merger of three major American investment banks: Bear Stearns, Lehmann Brothers and Merrill Lynch in 2008 have shocked the United States government to undertake dramatic market intervention by the state, and a $700 billion U.S. dollar bailout, that resembles...

  • Financial crisis influenced bankruptcy law, report says.  // Journal of Business (10756124);6/2/2011, Vol. 26 Issue 12, pB14 

    The article reports on the impact of the global financial crisis on the restructuring practices and regulations in the U.S.

  • Bankruptcy filings hit November low. CHANDLER, MATT // Buffalo Law Journal;12/10/2012, Vol. 84 Issue 99, p1 

    The article presents information on a report from the court for the Western District of New York which shows that the number of bankruptcy filings was at the lowest point in November 2012 since the global financial crisis began in 2008.

  • On the political economy and limits of crisis insurance: the case of the 2008-11 bailouts. Congleton, Roger // Public Choice;Mar2012, Vol. 150 Issue 3/4, p399 

    The bailouts of 2008-10 are the most recent in a long series of insurance-like policies designed to limit the losses of those harmed by a crisis of some kind-but enacted after a crisis is under way. This paper analyzes the economics and politics of 'crisis insurance' programs. The analysis helps...

  • BAILING OUT OF THE BAILOUTS. Gross, Daniel // Newsweek (Atlantic Edition);12/28/2009 (Atlantic Edition), Vol. 154/155 Issue 26/1, p8 

    The article examines aspects of the U.S. government bailouts given during the global financial crisis of 2008-09.

  • BAILING OUT OF THE BAILOUTS. Gross, Daniel // Newsweek (Pacific Edition);12/28/2009 (Pacific Edition), Vol. 155/156 Issue 26/1, p8 

    The article reports on the U.S. government bailouts which were given to companies during the global financial crisis of 2008-2009.


Read the Article


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

Try another library?
Sign out of this library

Other Topics