When the 2008 financial crisis pushed the global economy to the brink, governments intervened with massive taxpayer-funded bailouts for banks deemed “too big to fail.” This sparked a furious debate: ...

Florida’s home insurance market has long been a mess. With private property insurance getting scarcer and more expensive, some members of the legislature are pushing for an even greater role for the ...

Discover how moral hazard fueled risky behaviors that led to the 2008 financial crisis, and explore strategies to mitigate such risks in the financial sector.

To date we have taken apart the firm and examined where institutions offer no advantage over bargaining by individuals, or relying on the price mechanism. We have seen two early explanations for ...

It’s reassuring to see an honest debate unfold about a federal initiative as sweeping as President Joe Biden’s decision to cancel billions of dollars in student loans. There’s plenty of room for ...

After the 2008 financial meltdown, President George W. Bush signed the Troubled Asset Relief Program, which authorized the federal government to spend up to $700 billion to buy troubled assets that ...

“The key question is whether the state [China] will choose to intervene…” – CNBC, July 20 “The ‘too big to fail’ argument finally wins in the case of Huarong’s restructuring.” – Wall Street Journal, ...

Focus is on the relationship between upper-level management and stockholders -- categories which overlap when the owner is the manager. Although J&M clearly believe that agency problems within the ...