TIP558: How Ackman & Taleb Profited Billions During Market Crashes w/ Scott Patterson
We Study Billionaires - The Investor’s Podcast Network
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Accountability and Risk in Finance
This chapter explores the accountability of bank managers for financial risks and contrasts their responsibilities with those of hedge funds. It discusses the importance of regulatory reforms, such as salary clawbacks, to enforce accountability among executives, particularly in light of market downturns. Additionally, it examines the systemic risks in the financial system today, linking them to the conditions leading up to past financial crises and questioning the ethics of government bailouts.
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