
Sign up to save your podcasts
Or
On this episode of Policy in Brief, Oren Cass and Chris Griswold take a look at the damage done to workers and local communities when businesses go bankrupt. Jobs are destroyed, wages are reduced, and local tax bases are devastated. When financial markets push firms to assume excessive risk in pursuit of higher rewards, workers and communities are left holding the bag.
Oren and Chris propose a series of reforms to the bankruptcy code that would prioritize workers and small businesses in the event of a corporate collapse. The goal: better align risk and reward by increasing the potential costs of bankruptcy and risky financial strategies, promoting more responsible investor behavior.
Further Reading:
4.4
4949 ratings
On this episode of Policy in Brief, Oren Cass and Chris Griswold take a look at the damage done to workers and local communities when businesses go bankrupt. Jobs are destroyed, wages are reduced, and local tax bases are devastated. When financial markets push firms to assume excessive risk in pursuit of higher rewards, workers and communities are left holding the bag.
Oren and Chris propose a series of reforms to the bankruptcy code that would prioritize workers and small businesses in the event of a corporate collapse. The goal: better align risk and reward by increasing the potential costs of bankruptcy and risky financial strategies, promoting more responsible investor behavior.
Further Reading:
615 Listeners
2,256 Listeners
2,393 Listeners
713 Listeners
6,504 Listeners
545 Listeners
1,998 Listeners
2,437 Listeners
663 Listeners
806 Listeners
215 Listeners
118 Listeners
145 Listeners
34 Listeners