Hank Paulson
The 2008 financial crisis was not the result only of moral hazard; nor was it unforeseeable. While banks believed they would be bailed out, consumers, rating agencies, and policymakers all bet on housing as well, destabilising the system
29th Sep 18, 9:09am
11
The 2008 financial crisis was not the result only of moral hazard; nor was it unforeseeable. While banks believed they would be bailed out, consumers, rating agencies, and policymakers all bet on housing as well, destabilising the system
Bernard Hickey agrees with Henry Paulson that a carbon bubble is creating the same sort of financial risks built up in the credit bubble before the GFC
29th Jun 14, 8:00am
10
Bernard Hickey agrees with Henry Paulson that a carbon bubble is creating the same sort of financial risks built up in the credit bubble before the GFC