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'Do Bailouts Provide Good Returns? Evidence from the U.S. Financial Crisis of 2007-2009'

Detail Summary
Date 20 January 2020
Time 11:00 -12:30
Roeterseilandcampus - building A
Room A2.10


This research deals not only with the practical question of whether the American bailouts during the 2007-09 financial crisis were costly for taxpayers, but also the more theoretical questions of whether the bailout programs provided an adequate rate of return, and indeed of what is the proper rate of return in this context, when we are talking about an investment of government funds rather than private funds. Professor Squire advances the thesis that the bailouts provided an adequate return by any reasonable measure, and thus cannot plausibly be cited as a significant source of moral hazard, at least in the main part. Needless to say, the claim is controversial and should invite discussions.

Paper and Practicalities

The paper will be sent to you upon registration. The seminar will be held in room A2.10 of the of the Amsterdam Law School, building A (of the Roeterseilandcampus). Please register before January 18th by sending an e-mail to   

About the speaker

Professor Richard Squire has been a member of the Fordham faculty since 2006. He publishes primarily on the subjects of corporate law and corporate bankruptcy, and he has also written articles on antitrust and securities regulation. He has twice been elected Fordham Law School's Teacher of the Year, in 2010 and 2011. He previously taught at Harvard College, where he won the Allyn Young Award for excellence in teaching principles of economics. From 2001 to 2002 he clerked for Judge Robert D. Sack on the U.S. Court of Appeals for the Second Circuit, and between 2002 and 2005 he was an associate with Wachtell, Lipton, Rosen & Katz in New York City.

About the ACLE and ACT

The Amsterdam Center for Law and Economics (ACLE) is a joint initiative of the Faculty of Economics and Business and the Faculty of Law at the University of Amsterdam. The objective of the ACLE is to promote high-quality interdisciplinary research at the intersection between law and economics. This seminar is organized jointly with the Amsterdam Centre for Transformative Private Law (ACT). ACT’s objective is to explore the role of private law in the making of society, as well as the processes of private law-making in a pluriform world.

Roeterseilandcampus - building A

Room A2.10

Nieuwe Achtergracht 166
1018 WV Amsterdam