![Wasting a Crisis : Why Securities Regulation Fails - Paul G. Mahoney](https://www.booktopia.com.au/covers/big/9780226236650/5411/wasting-a-crisis.jpg)
At a Glance
ePUB
eBook
RRP $46.19
$36.99
20%OFF
or 4 interest-free payments of $9.25 with
Instant Digital Delivery to your Booktopia Reader App
The recent financial crisis led to sweeping reforms that inspired countless references to the financial reforms of the New Deal. Comparable to the reforms of the New Deal in both scope and scale, the 2,300-page Dodd-Frank Act of 2010—the main regulatory reform package introduced in the United States—also shared with New Deal reforms the assumption that the underlying cause of the crisis was misbehavior by securities market participants, exacerbated by lax regulatory oversight.
With Wasting a Crisis, Paul G. Mahoney offers persuasive research to show that this now almost universally accepted narrative of market failure—broadly similar across financial crises—is formulated by political actors hoping to deflect blame from prior policy errors. Drawing on a cache of data, from congressional investigations, litigation, regulatory reports, and filings to stock quotes from the 1920s and '30s*,* Mahoney moves beyond the received wisdom about the financial reforms of the New Deal, showing that lax regulation was not a substantial cause of the financial problems of the Great Depression. As new regulations were formed around this narrative of market failure, not only were the majority largely ineffective, they were also often counterproductive, consolidating market share in the hands of leading financial firms. An overview of twenty-first-century securities reforms from the same analytic perspective, including Dodd-Frank and the Sarbanes-Oxley Act of 2002, shows a similar pattern and suggests that they too may offer little benefit to investors and some measurable harm.
on
ISBN: 9780226236650
ISBN-10: 022623665X
Published: 31st May 2024
Format: ePUB
Language: English
Publisher: The University of Chicago Press
You Can Find This eBook In
![Everybody's Guide to the Law : All The Legal Information You Need in One Comprehensive Volume - Allen Wilkinson](https://www.booktopia.com.au/covers/200/9780061741845/7809/everybody-s-guide-to-the-law.jpg)
eBOOK
RRP $27.49
$21.99
OFF
![A Dream Deferred : The Second Betrayal of Black Freedom in America - Shelby Steele](https://www.booktopia.com.au/covers/200/9780061743498/7310/a-dream-deferred.jpg)
eBOOK
RRP $28.59
$22.99
OFF
![In the Interest of Justice : Great Opening and Closing Arguments of the Last 100 Years - Joel J. Seidemann](https://www.booktopia.com.au/covers/200/9780061745126/4706/in-the-interest-of-justice.jpg)
eBOOK
RRP $31.89
$25.99
OFF
![A Question of Loyalty - Douglas C. Waller](https://www.booktopia.com.au/covers/200/9780061750632/0007/a-question-of-loyalty.jpg)
eBOOK
RRP $28.59
$22.99
OFF
![A Thousand Times More Fair : What Shakespeare's Plays Teach Us About Justice - Kenji Yoshino](https://www.booktopia.com.au/covers/200/9780062087720/9807/a-thousand-times-more-fair.jpg)
eBOOK
RRP $27.49
$21.99
OFF
![Revenge of the Pequots : How a Small Native-American Tribe Created the World's Most Profitable Casino - Kim Isaac Eisler](https://www.booktopia.com.au/covers/200/9780743214889/null/revenge-of-the-pequots.jpg)
eBOOK
eBook
RRP $51.69
$41.99
OFF
![The Price of Terror : Lessons of Lockerbie for a World on the Brink - Allan Gerson](https://www.booktopia.com.au/covers/200/9780061750335/8212/the-price-of-terror.jpg)
eBOOK
RRP $28.59
$22.99
OFF
![Seduced by Madness : The True Story of the Susan Polk Murder Case - Carol Pogash](https://www.booktopia.com.au/covers/200/9780061751202/2608/seduced-by-madness.jpg)
eBOOK
RRP $24.19
$19.99
OFF
![Kennedy : The Classic Biography - Ted Sorensen](https://www.booktopia.com.au/covers/200/9780061987038/1407/kennedy.jpg)
eBOOK
RRP $31.89
$25.99
OFF
![Jesuits : The Society of Jesus and the Betrayal of the Roman Catholic Church - Malachi Martin](https://www.booktopia.com.au/covers/200/9781476751887/null/jesuits.jpg)
eBOOK
RRP $37.39
$29.99
OFF
![The Devil's Advocates : Greatest Closing Arguments in Criminal Law - Michael S. Lief](https://www.booktopia.com.au/covers/200/9781416571865/9710/the-devil-s-advocates.jpg)
eBOOK
RRP $37.39
$29.99
OFF
![All American : Why I Believe in Football, God, and the War in Iraq - Robert P McGovern](https://www.booktopia.com.au/covers/200/9780061736438/3907/all-american.jpg)
eBOOK
RRP $28.59
$22.99
OFF
![Witness : For the Prosecution of Scott Peterson - Amber Frey](https://www.booktopia.com.au/covers/200/9780061758638/4507/witness.jpg)
eBOOK
RRP $18.69
$14.99
OFF
![The Gardner Heist : The True Story of the World's Largest Unsolved Art Theft - Ulrich Boser](https://www.booktopia.com.au/covers/200/9780061972867/2409/the-gardner-heist.jpg)
eBOOK
RRP $31.89
$25.99
OFF
![Fight Back and Win : My Thirty-Year Fight Against Injustice—And How You Can Win Your Own Battles - Gloria Allred](https://www.booktopia.com.au/covers/200/9780061743573/5611/fight-back-and-win.jpg)
eBOOK
RRP $13.19
$10.99
OFF
![Death & Justice - Mark Fuhrman](https://www.booktopia.com.au/covers/200/9780062048189/4709/death-justice.jpg)
eBOOK
eBook
RRP $28.59
$22.99
OFF
![The Myth of Moral Justice : Why Our Legal System Fails to Do What's Right - Thane Rosenbaum](https://www.booktopia.com.au/covers/200/9780062119889/5106/the-myth-of-moral-justice.jpg)
eBOOK
RRP $27.49
$21.99
OFF
![Ivy Briefs : True Tales of a Neurotic Law Student - Martha Kimes](https://www.booktopia.com.au/covers/200/9781416538783/1216/ivy-briefs.jpg)
eBOOK
RRP $30.79
$24.99
OFF