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What They Don't Teach Law Students: Lawyering - Leigh Attridge/MA
11/20/2011 8:48:52 AM (3525 views)

[+] The Frackturing of Pennsylvania - Leigh Attridge/MA (17 replies)
11/17/2011 3:20:05 PM (4033 views)

[+] The Cash and Carry House - Leigh Attridge/MA (1 reply)
11/17/2011 10:21:43 AM (3680 views)

[+] Financial Dimensions, Inc refuse to pay - Abstractor/TN (2 replies)
11/16/2011 12:52:56 PM (2696 views)

[+] Comment on "The Wrong Mower" - Source of Title/OH (1 reply)
11/15/2011 4:56:20 PM (2253 views)

Real Title Services
Real Document Solutions

[+] CoreLogic - elizabeth reddy/FL (4 replies)
11/15/2011 1:37:04 PM (2677 views)

[+] Power Link - Theresa Ritz/WV (1 reply)
11/15/2011 1:06:16 PM (2599 views)

[+] Outsourcing Data - Jeanine Johnson/MN (2 replies)
11/14/2011 3:29:02 PM (2569 views)

[+] Useful list of bank mergers & closures - Leigh Attridge/MA (3 replies)
11/14/2011 3:02:03 PM (4280 views)

[+] MERS 2 - CHARLENE  PERRY/MD (8 replies)
11/14/2011 12:25:01 PM (2309 views)

Perspectives on Fairness - Wyatt Bell/FL
11/14/2011 8:59:47 AM (3438 views)

A passage from Luigi Zingales (University of Chicago Graduate School of Business):

...nothing upsets people like the perception that the rules don’t apply equally to everybody..., what many people felt after the 2008 bailouts of the financial system. The system was certainly at risk, and some government intervention was just as certainly necessary. Yet it ... didn’t escape most Americans that TARP was the largest welfare program for corporations and their investors ever created in human history. ... TARP wasn’t just the triumph of Wall Street over Main Street; it was the triumph of K Street over the rest of America.

The way the bailout was conducted damaged Americans’ faith in their financial system, in their government, and in the market economy. ... Their altered feelings weren’t the consequence of any ideological bias against government involvement; on the contrary, a majority of respondents believed that the government should regulate financial markets. They objected, rather, to the specifics of what the government was doing. One reason they objected was their perception that lobbying interests had influenced the intervention: 50 percent of respondents, for instance, thought that Paulson had acted in the interest of Goldman Sachs, not the United States.

But a stronger reason, presumably, was that the bailout made the system suddenly look fundamentally unfair. Why should outsourced workers, whose only fault was to have entered the wrong sector, bear the burden of market discipline, while rich bankers were offered a government safety net? ...

Gaming the System for the Rich!


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[+] Red eDocs - Sara/MI (4 replies)
11/14/2011 8:29:05 AM (3904 views)

[+] Altisource - Elizabeth Helman/PA (1 reply)
11/11/2011 11:05:47 AM (2927 views)

The Pedestrian Loses the Way - Leigh Attridge/MA
11/11/2011 8:53:52 AM (3437 views)

[+] A Special Thank You! - Nils Nelson/ME (4 replies)
11/10/2011 10:56:39 PM (2284 views)

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