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On Tuesday morning in Washington, Ben Bernanke, the Federal Reserve chairman, gave a speech that read like a sad coda to the "Looting" paper.
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PAGE B1 THE PROBLEM WITH BAILOUTS "Looting," a 16-year-old paper by two leading economists, provides a useful framework for those thinking of building a new, less vulnerable financial system.
Sixteen years ago, two economists published a research paper with a delightfully simple title: "Looting".
He infamously responded to George Akerlof and Paul Romer's paper demonstrating the dominant role that "looting" by S&L CEOs (accounting control fraud) played in causing the debacle, by opining that "it would be irrational for operators of the savings and loans not to loot".
Find scrap paper or loot a recycle bin.
Murders, abductions, rapes, looting.
Looting has continued.
Has looting continued?
She could see people looting.
Looting and stealing are common.
"They are looting our property".
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com