Unsorted

=Unsorted Cards=

"Age Shock" - Blackburn:
(178) - Banks & mutual funds are lightly regulated, hedge funds are virtually unregulated (182) - Corps try to beat tax system, shows antagonistic tendencies towards government (184) - Tax-dodging confuses the shareholder (205-8) - Mutual fund boards engaged in unethical practices and failed to self-regulate (209) - Financial services made large contributions to political parties (216) - Undue political influence on financial regulation reform (222) - SRI is ineffective

"The Squam Lake Report" - French, Baily, Campbell, et al.:
(4) - Crisis reached peak in September 2008 w/ Fannie Mae, Freddie Mac, and Lehman Brothers (5) - Banning short selling caused panic in options market (27) - Agreed that run-up and then decline in process of stocks/houses, and other financial assets was a catalyst in the crisis (27) - Argued that Crisis was driven by investors who accepted low expected returns (27-8) - Crisis was driven by irrational belief that prices would continue to rise and collapse of asset prices was the result of this (28) - Other argue that market participants assessed risk inaccurately; consumers, banks, and investors in general (28) - Policymamkers contributed to severity, pressures on Fannie Mae and Freddie Mac

"Models Behaving Badly" - Derman:
(150) - Models aren't entirely to blame for the crisis

"More Money than God" - Mallaby:
(11) - Central banks have the responsibility to steer the economy (11-2) - Skewed incentives for financial markets (377) - Government is caught in a vicious cycle, reduces liability -OR- government creates safety net, skewing incentives

"The Enigma of Capital" - Harvey:
(21) - Rich don't actually invest in production

"The Age of Greed" - Madrick:
(99) - Abuse of securitization of the housing markets led to financial collapse of 2008 (227) - Greenspan's ideological principles of nonintervention caused the crisis (372) - Low interest rates revived hedge funds, big banks lending was incredibly risky (372) - CEOs ordered their firms to take on reckless amounts of debt (374) - Collapse was the product of decisions by individuals in the finance sector (375-6) - Low interest rates could have been used productively, but Washington failed to regulate (376) - Computer models disguised risk and enabled Wall Street to mislead investors (and itself)

"Beyond the Crash" - Gordon Brown:
(241) - Crisis caused by "cutting-edge technical and financial innovations" (403) - Keynsian response worked (404) - Wall Street's practices failed to contribute to productivity, but only their own wallets