9. How Little We Know: The Challenges of Financial Reform

Chapters in this book

1. Frontmatter i
2. Contents v
3. Part I: Health Care Reform
4. 1. The Health Care Reform Legislation: An Overview 3
5. 2. The Simple Economics of Health Reform 13
6. 3. The Economics, Opportunities, and Challenges of Health Insurance Exchanges 21
7. 4. Can the ACA Improve Population Health? 30
8. 5. Systemic Reform of Health Care Delivery and Payment 39
9. 6. How Stable Are Insurance Subsidies in Health Reform? 46
10. Part II: Financial Market Regulatory Reform
11. 7. Financial Regulatory Reform: The Politics of Denial 57
12. 8. Government Guarantees: Why the Genie Needs to Be Put Back in the Bottle 65
13. 9. How Little We Know: The Challenges of Financial Reform 73
14. 10. Finding the Sweet Spot for Effective Regulation 81
15. 11. A Recipe for Ratings Reform 89
16. 12. Should Banker Pay Be Regulated? 95
17. 13. Fixing Bankers’ Pay 103
18. 14. It Works for Mergers, Why Not for Finance? 115
19. Part III: Financial Crisis and Bailouts
20. 15. Hedge Fund Wizards 125
21. 16. Investment Banking Regulation After Bear Stearns 130
22. 17. Why Paulson Is Wrong 138
23. 18. Dr. StrangeLoan: Or, How I Learned to Stop Worrying and Love the Financial Collapse 142
24. 19. Questioning the Treasury’s $700 Billion Blank Check: An Open Letter to Secretary Paulson 147
25. 20. Auction Design Critical for Rescue Plan 154
26. 21. A Better Plan for Addressing the Financial Crisis 159
27. 22. Please Think This Over 172
28. 23. Is Macroeconomics Off Track? 181
29. 24. If It Were a Fight, They Would Have Stopped It in December of 2008 188
30. 25. Comment on Barbera: Your Gift Will Make You Rich 195
31. Part IV: Innovations in Policy and Business
32. 26. Pension Security Bonds: A New Plan to Address the State Pension Crisis 201
33. 27. Carbon Taxes to Move Toward Fiscal Sustainability 208
34. 28. Net Neutrality Is Bad Broadband Regulation 215
35. 29. Trills Instead of T-Bills: It’s Time to Replace Part of Government Debt with Shares in GDP 224
36. 30. The Google Book Settlement: Real Magic or a Trick? 232
37. 31. The Stakes in the Google Book Search Settlement 241
38. 32. The NFL Should Auction Possession in Overtime Games 251
39. Index 259