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Legal Commentary

: JURIST - Hotline

Compensation regulation obscures role of housing policy in recent economic collapse

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Allan Meltzer [Professor of Political Economy, Carnegie Mellon University]: "Congress and the administration typically try to find scapegoats to satisfy the public that they are dong something about failed policies. In the 1980s, the alleged culprits were venal operators of a few savings and loans. This time it is the greedy bankers. I agree that the incentives in most bank compensation

Full post as published by JURIST - Hotline on October 27, 2009 (boomark / email).

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