1 More Lessons from the Crisis. William C. Dudley: "this crisis was caused by the rapid growth of the so-called shadow banking system over the past few decades and its remarkable collapse over the past two years
2 Discretion and financial regulation. Steve Randy Waldman: "Given the discretion to do so, financial regulators will always do the wrong thing"
3 How A Government Bailout Created Today's Commercial Real Estate Catastrophe. John Carney: "It’s only natural that you’re asking how the hell we wound up in this mess. Fortunately, we figured it out for you"
4 Understanding Custom OTC Derivatives. Charles Davi: "An introduction to the market conditions that cause certain market participants to prefer bespoke trades to more standardized alternatives"
5 Special Inspector General: NY Fed Screwed Up AIG Bailout. Barry Ritholtz: "Despite holding all of the cards, cash and power, they still managed to manuver themselves into a corner"