By: Matthew Arndt, CFA, CPA, CFP | February 1, 2010 | The Politicians, The Regulators
It’s conceptually simple: take away any government protection for stockholders, management and creditors of large financial institutions to help shrink their appetite for risk-taking. For instance, in the case of the Bear Stearns debacle stockholders should have been wiped out; management should have been fired; and the bondholders should have suffered significant losses. Instead, stockholders [...]
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