The Squam Lake Report: Fixing the Financial System

The Squam Lake Report: Fixing the Financial System


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The Squam Lake Report: Fixing the Financial System 5 out of 5 based on 0 ratings. 2 reviews.
Anonymous More than 1 year ago
RolfDobelli More than 1 year ago
This slim volume is named after the isolated New England resort where 15 renowned economists, academics and policy makers met in the fall of 2008 to devise solutions to the "World Financial Crisis." That they convened amid fast-paced, seismic economic events adds to the star-chamber aspects of their collaboration. Still, these éminences grises - all nonpartisan, without commercial sponsorship or political axes to grind - developed their ideas by sharing their expertise. Their recommendations cover reforms in banking, financial products, regulation, compensation, pensions and hedge funds - all the named villains of the last crisis. Why did they issue these ideas? So they could educate political and fiscal leaders - if they would only listen - about possible laws that could help avert or lessen the likelihood and impact of future meltdowns. getAbstract recommends this sound advice to students of and participants in the global economy.