Grâdšṭayn, Marq; Kaganovič, Michail I. - 2018
The aftermath of the recent economic crisis saw the largest U.S. government bailout of corporate entities ever. While … the bailout was carried out with the explicit goal of restoring stability, it aroused much controversy and public … criticism based on moral hazard concerns as well as the exorbitant cost to the taxpayer. This paper examines the bailout design …