Discussing the bailouts of insurance giant AIG and the auto companies, a New York Times article stated:

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Discussing the bailouts of insurance giant AIG and the auto companies, a New York Times article stated: “Policymakers fear companies like these are so enormous and so intertwined in the fabric of the economy that their collapse would be catastrophic.”How do companies that are “too big to fail” create a moral hazard problem?
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Macroeconomics

ISBN: 9780132109994

1st Edition

Authors: Glenn Hubbard, Anthony Patrick O'Brien, Matthew P Rafferty

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