Bob Pozen » GMU’s Tyler Cowen on “Too Big To Save”

February 8, 2010 – 9:58 am | No Comment

Robert Pozen looks at the causes of the 2008 financial collapse and says that the financial system needs to be reformed so that we don’t see a repeat down the road. He argues for changing the incentive system on Wall Street and calls for strengthening the government regulation of financial markets. (1 hours, 9 minutes)

Read the full story »

Video

Media Mentions

Book Reviews

Books

Written By

Home » Book Reviews, Media Mentions

GMU’s Tyler Cowen on “Too Big To Save”

Submitted by Bob Pozen on September 27, 2009 – 4:35 pmNo Comment

Professor Tyler Cowen reviews *Too Big to Save*, by Robert Pozen:

“Robert Pozen’s Too Big to Save: How to Fix the U.S. Financial System is the single best source for figuring out what happened. It is the go-to book if you are a non-specialist and want to understand: how credit default swaps work, the significance of Basel II, mark-to-market, how the various Fed bailouts operated, the meaning of the toxic asset plans, and many other matters.”

Written By »

How to keep politics out of rating agency reform [FT]

By requiring a neutral third party to select the rating agency, Congress would significantly improve the quality of bond ratings relied on by small institutions and individual investors. Yet this approach avoids excessive political influence on the ratings process by limiting the government’s role to the minimum necessary to avoid ratings shopping.