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Unformatted text preview: -French/German= weak shareholder rights-English= most supportive of way market systems work well 35: take company not doing well, buy it, try to fix it, resell it 37: have to publish public regular reports if a big change occurs have to make special report (SEC) 40: SOX passed after Anderson/Enron/WorldCom scandal 42: insider trading= illegal 44: ask a lot of questions 46: will pay bills because don’t trust you and want to protect their money 47: increase risk= increase rate-Can borrow at prime + 1, 1.5, 2, etc.-Credit rationing—too great of a risk 48: want borrowers to have a stake so you are less likely to pay for default loan 51: worked until realized rates were going up 55: investors- issuing securities= very high...
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This note was uploaded on 08/29/2010 for the course ECON 302 taught by Professor Abrams during the Spring '08 term at University of Delaware.
- Spring '08
- Monetary Policy