Bailouts and Moral Hazard
Explore the impact of bailouts and moral hazard on financial crises, examining the contrasting fates of Drexel Burnham and Long Term Capital Management. Discover how the expectation of rescue can shape market behavior and the role of creditors in orchestrating rescues.In this clip
From this podcast
EconTalk
Barry Ritholtz on Bailouts, the Fed, and the Crisis
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