Daily Archives: October 3, 2008

Gold(man) Standard – Market Failure

The big 5 investement bankers asked for a rule change at the SEC — that this article said created a situation where the information that might have predicted the current crisis became invisible.

The man representing Goldman Sachs at the table, then became Treasury Secretary Paulson.

Markets do not operate well when information is obscured.

An example of where market failure is precipitated by public value failure

Leave a comment

Filed under Market Failure, Policy