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Monday, June 29, 2009
- Bernie Madoff has been sentenced to jail until he is 221 years old.
- Willem Buiter shares his thoughts on the backroom rubber-hose-beatings that were carried out by the US and UK financial regulatory authorities to force the mega-mergers of Bank of America & Merrill Lynch and Lloyds TSB & HBOS, respectively, last autumn. Even to someone who barely understands these things (me), Buiter's suggestion of a rapid resolution mechanism for dealing with the insolvency of highly-leveraged banks seems like a really, really good idea.
- Incentives, incentives, incentives. They matter. Both when it comes to environmentally-friendly technology and also for health care (a good discussion on incentives the whole way through, but check out the bit on how Sweden dealt with hospital wait lines, at the end).
Labels: financial sector reform
