Legal Studies and Business Ethics Papers
Document Type
Journal Article
Date of this Version
2013
Publication Source
Georgetown Journal of Law & Public Policy
Volume
11
Start Page
301
Last Page
315
Abstract
Who bears responsibility for the financial crisis? The list of possible culprits is unmanageably long and at times internally inconsistent, as it includes subprime mortgages and over-zealous mortgage originators; risk-happy investment bankers and the ineffectual ratings agents who rubber-stamped the bankers' exotic products; and neoconservatives hell-bent on deregulation along with liberal politicians cowering before entities they allowed to become too big to fail.1 Nonetheless the question of responsibility seems to demand an answer not only for purposes of arriving at lessons that might avert a future crisis but also for answering a second question that seems a natural corollary of the first—viz., who bears responsibility for funding the bailouts necessitated by the financial crisis? More specifically, who in the United States bears responsiblity for funding the bailouts undertaken by the U.S. government?
Copyright/Permission Statement
Originally published by the Georgetown Journal of Law & Public Policy © 2013 The Author.
Recommended Citation
Sepinwall, A. J. (2013). Responsibility, Repair and Redistribution in the Wake of the Financial Crisis. Georgetown Journal of Law & Public Policy, 11 301-315. Retrieved from https://repository.upenn.edu/lgst_papers/60
Included in
Banking and Finance Law Commons, Business Law, Public Responsibility, and Ethics Commons, Corporate Finance Commons, Economic Policy Commons, Finance Commons, Finance and Financial Management Commons, Legal Studies Commons, Organizational Behavior and Theory Commons, Real Estate Commons
Date Posted: 28 June 2018