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Unformatted text preview: C. The Rationality Irrationality of Wall Street 1. animal spirits run amuck 2. irrational exuberance, the herd effect, 3. Bubbles and musical chairs 4. Lack of trust and understanding 5. Executive Compensation D. The Policy Response: Dodd-Frank: 2,319 pages 1. Oversight of systematic risk 2. Regulation of insurance companies and investment firms 3. Controls over financing by capital markets 4. Establishes the Bureau of Consumer Financial Protection...
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- Spring '08