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What Went Wrong, and What Are We Doing to Fix It? A Chronology of Financial Crises

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Abstract

As we noted at the beginning, the US financial industry has been subject to mismanagement, unethical behavior, greed, corruption, excesses and abuses, fraud, and other outright criminal acts. While the industry has suffered some serious blows from these incidents, it has not been destroyed. In fact, one would hope that legislators, policymakers, and the public at large have learned from such incidents and that the industry in the final analysis has been strengthened by them.

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Notes

  1. 1.

    For a detailed account of how officials dealt with these issues at the beginning of the crisis, see Henry M. Paulson [3].

References

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© 2013 Springer International Publishing Switzerland

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Wallace, W.H. (2013). What Went Wrong, and What Are We Doing to Fix It? A Chronology of Financial Crises. In: The American Monetary System. Springer, Cham. https://doi.org/10.1007/978-3-319-02907-8_9

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