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CumEx/CumCum Scandals

Germany’s CumEx and CumCum Financial Scandals Reveal How Democratic Institutions Fail

Gerhard Schick
Gerhard Schick discusses the CumEx and CumCum share-trading scandals that cost German taxpayers billions of euros over the course of several decades and the failures in political and social institutions that allowed these scandals to persist for so long.

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The publication of the Stigler Center at The University of Chicago Booth School of Business

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