Quote:
Originally Posted by Archaea
asymmetric information is a contract concept, where the usual example is that of the used car salesmen. We dumb lawyers discuss that and other concepts whether it's economically feasible to induce breach, so what's your point. Some guys I think name Stiglitz and Spencer or something developed some theories in this area.
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this is a problem in banking when investment and commercial banks cook their books. hence the need for more regulation. hence the need for an Obama presidency.