Wall Street's Gamble
William discusses the shift in Wall Street from private partnerships, where personal stakes ensured careful decision-making, to a system that prioritizes short-term gains at the expense of accountability. He highlights the detrimental impact of this change on democracy and capitalism, emphasizing that taxpayers bear the brunt of risky bets made by financial institutions. The conversation reveals a deep concern for the erosion of trust and responsibility in the financial sector.In this clip
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EconTalk
Willaim Cohan on the Life and Death of Bear Stearns
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