article thumbnail

Does It Pay to Be a Whistleblower?

Harvard Business Review

Two bank employees debate whether to blow the whistle on their employer after they discover undisclosed conflicts of interest.

article thumbnail

Why the Fed Is So Wimpy

Harvard Business Review

Regulatory capture — when regulators come to act mainly in the interest of the industries they regulate — is a phenomenon that economists, political scientists, and legal scholars have been writing about for decades. Bank regulators in particular have been depicted as captives for years, and have even taken to describing themselves as such.

article thumbnail

What You Should Know About Dodd-Frank and What Happens If It’s Rolled Back

Harvard Business Review

The rethink took place in the context of a lot of skepticism (at best) about the banking system, the banking business model, and its contribution to American well-being. There also, however, is strong evidence that it is a bad idea to let big banks fail in the midst of a crisis.