Escrow Quotes

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Escrow Quotes

The money has to be deferred with what they call "clawback," which means they can get it back if I lose it all. So that guy making ten million a year selling credit default swaps, if were going to keep five million of it in escrow for ten years, and with the right to go back and get it, if he starts losing money, then were going to give people the right incentives not too take so much risk.
— Richard Thaler —

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