Friday, September 18, 2009

Clawbacks and Capital

The two Cs will go a long way toward preventing future catastrophes. If people (and firms) have their own money at risk, and if short term windfall compensation based on short term profits can be wiped out in the event of longer term catastrophe, risk will be priced appropriately.


Anonymous said...


Casey said...

I once heard an economist say that the tech bubble was better than the housing bubble because the tech bubble left us with a useful infrastructure. There may have been other benefits that economist didn't mention. For instance, even thought the tech bubble burst nearly a decade ago, I still live a fairly comfortable life because of it.

This makes me wonder something. Can the risky behavior that is much talked about be channeled in such a way that our economy gets some kind of benefit as a byproduct?

I don't have an answer. I'd love to hear your thoughts on the matter.

Anonymous said...



外籍新娘 外籍新娘 外籍新娘
大陸新娘 大陸新娘 大陸新娘
越南新娘 越南新娘 越南新娘
東北新娘 東北新娘 東北新娘
廣西新娘 廣西新娘 廣西新娘
吉林新娘 吉林新娘 吉林新娘
福建新娘 福建新娘 福建新娘
中國新娘 中國新娘 中國新娘

Martin W said...

great thought and hope it will get great result

Gardening Tips

smallawei said...




gaohui said...

Unconventional women don't ed hardy often fit into more ed hardy shoes conventional sizes. Instead, they are ed hardy clothing faced with the challenge of finding comfortable ed hardy clothes and stylish plus size women's clothing. By and large, most ed hardy store store refuse to stock sizes in ed hardy Bikini excess of a size 14 ed hardy swimsuits or 16. This means they have ed hardy Caps to find the clothes they need in specialty buy ed hardy store that can be very expensive. What then ed hardy swimwear is a plus size ed hardy sale woman to do? She has to do ed hardy glasses her research and find the cheap ed hardy places, both online and Christian audigier off, that will accommodate her wardrobe.

zhuzhulee said...

PDF Créateur
TIFF en PDF Convertisseur
Texte en PDF Convertisseur
PowerPoint en PDF Convertisseur
image en PDF convertisseur
Excel en PDF Convertisseur
CHM en PDF Convertisseur
Word en PDF Convertisseur
djvu to pdf
pdf to png