Linus Wilson reads his joint work at
https://ssrn.com/abstract=1977345
"Overpaid CEOs Got FDIC Debt Guarantees"
By Linus Wilson, University of Louisiana at Lafayette and Yan Wendy Wu, Wilfrid Laurier University
abstractFrom 2008 to 2009, the FDIC guaranteed hundreds of billions of dollars of newly issued bank debt through the Temporary Liquidity Guarantee Program (TLGP). We find that CEOs making more than their peer groups were significantly more likely to steer their companies to obtain federal guarantees for their banks’ debt. The average bank in our sample with a debt guarantee had a CEO who was paid $1.6 million per year more than the average CEO in his or her peer group. In addition, there is strong evidence that large, systemically important banks were more likely to obtain FDIC debt guarantees.
Keywords: bailout, banks, CDS, Citigroup, CEO Compensation, corporate governance, credit default swaps, debt, debt guarantees, Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, emergency lending, FDIC, Federal Deposit Insurance Corporation, Federal Reserve, financial crisis, FOIA, Freedom
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”Saving the Toughest for Last: 50th Completers’ Final U.S. State High Points” by Linus Wilson
”Does Difficulty Affect U.S. State High Points Ascents?” by Dr. Linus Wilson, Ep. 19
”The Fed Funds Risk-Premium after the Silicon Valley Bank Run and the Bank Term Funding Program (BTFP)” Ep. 18 by Dr. Linus Wilson
Profitable Timing of the Stock Market with the Senior Loan Officer Survey by Linus Wilson Ep. 17
Estimating the Value of Statistical Life (VSL) Losses from COVID-19 Infections in the United States
GPU Prices and Cryptocurrency Returns. Is the crypto boom creating a semiconductor shortage? with Linus Wilson #15
The Mystery of the COVID-19 Infection Fatality Rate (IFR) Unraveled (#14) with Dr. Linus Wilson
COVID-19: Save Lives or the Economy? The Benefits of Social Distancing in the Pandemic and the Value of Statistical Life (#13)
The 2020 Presidential Election: A Race Against Mortality (#12) by Linus Wilson
Ep. 11: Clickbait Works! The secret to getting views with the YouTube algorithm by Linus Wilson
Ep, 10: Broken Bucks, Money Funds that Took Taxpayer Guarantees in 2008
Ep. 9: "A Dove to Hawk Ranking of the Martin to Yellen Federal Reserves" by Linus Wilson
Ep. 8: The Fed Boosts CMBS Markets "Toxic Asset Subsidies and the Early Redemption of TALF Loans" by Linus Wilson
Ep. 7: The Federal Reserve's $700 Billion Commercial Paper Bailout with Linus Wilson
Ep. 6: Andrew Metrick Presents "Managing and Preventing Financial Crises" at the 2017 Financial Management (FMA) Meetings in Boston
Ep. 5: Discrete Portfolio Adjustment with Fixed Transaction Costs
Ep. 3: How to Compare Faculty Pay Across the Business School by Linus Wilson
Ep. 2: Crowdfunding on Patreon on The Finance Professor Podcast with Linus Wilson
Ep. 1: Introducing the Finance Professor Podcast by Linus Wilson
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