Oireachtas Joint and Select Committees
Wednesday, 28 January 2015
Committee of Inquiry into the Banking Crisis
Context Phase
Joe Higgins (Dublin West, Socialist Party) | Oireachtas source
On page 4, Professor Kane states, "The goal of my testimony is to suggest how - by defining and sanctioning theft by safety net as a felony - governments can better align incentives of private risk managers, accountants, credit-rating firms, and government supervisors with those of ordinary citizens." Is it really possible to align the interests of, for example, hedge funds - which some people will describe as vulture funds looking for quick profits on the financial markets - with the interests of, as Professor Kane put it, ordinary citizens?
No comments