The Risk of Complacency
Greg discusses the extent to which Wall Street believed their AAA-rated securities were protected and explores the challenge of creating a financial system that balances safety and risk without fostering complacency. He emphasizes the need for a trade-off that allows for the possibility of failure and how it can influence the behavior of both bankers and lenders.In this clip
From this podcast
EconTalk
Greg Ip on Foolproof
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