September 27, 2010 at 09:20 AM EDT
Misplaced Incentives Were the Rot at the Core of the Financial Crisis
The mortgage-backed securities meltdown whose effects still haunt our economy sprang from a simple cause: The rules of the game gave big incentives to every player involved to ignore the problems and keep collecting their fees. And despite financial reform, those rules haven't changed much. Continue reading Misplaced Incentives Were the Rot at the Core of the Financial Crisis Misplaced Incentives Were the Rot at the Core of the Financial Crisis originally appeared on DailyFinance on Mon, 27 Sep 2010 09:20:00. Filed Under: Economy , Investing , Goldman Sachs , Citigroup , Real Estate Permalink | Tweet this! | Comments
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