The paper uses Minsky’s financial instability hypothesis as an analytical framework for understanding the subprime mortgage crisis and for introducing adequate reforms to restore economic stability. We argue that the subprime crisis has structural origins that extend far beyond the housing and...

The modern deal -- KKR, Sungard and the private equity phenomenon -- Accredited home lenders and the attack of the MAC -- United Rentals, Cerberus, and the private equity implosion -- Dubai ports, Merrill Lynch, and the sovereign wealth fund problem -- Bear Stearns and the moral hazard principle...