摘要：The aim of this paper is to show that problems in financial markets are not the result of unethical behaviour of specific individuals, but instead are caused by a fundamental conflict of interests between the private banks and society. By inflating bubbles through fractional reserve banking and securitization the private banks can increase profits but also increase the risks for the society at large. I will discuss why the most common proposals for reducing the risk for society are very likely not solving the problem, because they do not resolve the fundamental conflict of interest.
