Lost Trust: The Real Cause of the Financial Meltdown
By Bruce Yandle
This article appeared in the Winter 2010 issue of The Independent Review

Accounting standards, credit ratings, and credit-default swaps were created to help facilitate financial transactions by fostering trust. In the run-up to the credit-market freeze of 2008 those assurance mechanisms collapsed under the weight of political and regulatory pressures to aggressively expand homeownership and other policies.

 PDF Read the Full Article (PDF, 21 pages)

Subscribe Today

Buy Single Issues

Independent Review Issues

Articles by Subject

Independent Review Articles on Related Subjects