Lemons

Regulation is offered up as a means to prevent a repeat of the present financial situation. From what I have been learning of the instruments of destruction, however, it seems that — aside from the simple fraud of selling things one did not own — the failure was a lack of information. Much like a used car, the risks of these products were unknown.

Related Posts with Thumbnails
This entry was posted in economics. Bookmark the permalink.

Leave a Reply

Your email address will not be published. Required fields are marked *

*

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>