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Does this really solve the problem? The execs at Lehman and Bear had skin in the game. Sure some of the senior-most folks got away with small fortunes, but ev
by mathattack 13y ago
Does this really solve the problem?
The execs at Lehman and Bear had skin in the game. Sure some of the senior-most folks got away with small fortunes, but everyone last money. Some people lost their life savings.
Conceptually this makes sense (similar to requiring all derivatives trades to have margin requirements to limit leverage) but does it really fix what went wrong?