Bob Pozen » A mistake that will make banks riskier [Financial Times]

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)

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A mistake that will make banks riskier [Financial Times]

Submitted by Bob Pozen on January 12, 2010 – 8:28 amNo Comment

If Glass-Steagall were reinstated, we would be recreating the short-term funding weakness that forced Bear Stearns and Lehman Brothers into insolvency.

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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.