Limited Liability and Banking, by Arnold Kling
(EconLog) Tyler Cowen says that they do not go well together.
If a shareholder invests a dollar in a big bank, why not make that shareholder liable for the first $1.50 -- or more -- of losses as insolvency approaches? In essence, we would be making the shareh
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updated 10759 (EconLog), inserted 15, updated 0, at 2012-05-30 12:14:01
