By Graham Steele, includes “… If Too Big to Fail is indeed still with us, and we are still at risk of facing another crisis in our lifetimes, then Professor Judge’s economic guarantee authority (EGA) proposal is important because it forces us to think about why such emergency financial support programs exist, and how they can accomplish the dual aims of preserving financial stability and democratic legitimacy.”
Read the full article on: The CLS Blue Sky Blog (Columbia Law School)