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  • The incentives are still rotten, and people are still paid to do things they shouldn't be doing. The reforms did not really address the incentives, the system is still dysfunctional and there are still behavioural issues that need to be addressed.

    Michael Lewis
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    "The Big Short: author Michael Lewis on 'betting on Armageddon' during the global financial crisis; making of star-studded new film". Interview with Hayden Cooper, www.abc.net.au. January 14, 2016.
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The incentives are still rotten, and people are still paid to do things they shouldn't be doing. The reforms did not really address the incentives, the system is still dysfunctional and there are still behavioural issues that need to be addressed. - Michael Lewis
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