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Stanford Graduate School of Business
Faculty & Research Excessive Leverage and Risk in Banking The 2007-2009 Crisis

The 2007-2009 Crisis

“Systemic Risk in the Financial Sector: An Analysis of the Subprime-Mortgage Financial Crisis,” Martin Hellwig, 2009.

“‘Tarp’s legacy is disturbing’ – the bank bailout five years later,” Anat Admati, The Guardian, October 2, 2013.

“The Government Let Banks Have Too Much Debt and Not Enough Equity,” Anat Admati, New York Times, Room for Debate, May 21, 2014.

‘Was the Financial Crisis Avoidable?’, Anat Admati, New York Times Room for Debate, Jan. 31, 2011

Additional Commentary

Why More Equity in Banking is Desirable
An Easy Path towards Safer and Healthier Banking
The "Too Big to Fail" Problem
Corporate Governance: Decision-makers vs. Stakeholders
The 2007-2009 crisis
Capital Regulation
Why "Level Playing Field" Arguments are invalid
"Loss Absorbing" Alternatives to Equity
Fallacies and Academic Myths
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