Kotlikoff, Laurence J. - In: CESifo economic studies : CESifo, a joint initiative of … 56 (2010) 3, pp. 350-365
This paper surveys the economic wreckage created by Wall Street's decision to manufacture and sell trillions of dollars of financial securities, which we now call toxic. And we call them toxic, not because they were risky, but because they were fraudulent. Rather than address the fundamental...
