A mistake that will make banks riskier [Financial Times]
12 January 2010
No Comment
If Glass-Steagall were reinstated, we would be recreating the short-term funding weakness that forced Bear Stearns and Lehman Brothers into insolvency.
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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Robert Pozen is Chair of MFS Investment Management, which manages over $150 billion in assets. He previously was Vice-Chair of Fidelity Investments. He currently is a senior lecturer at Harvard Business School. He has served in senior positions at public entities such as the SEC and the State of Massachusetts, and was a member of the President's Commission to Strengthen Social Security, and Chairman of the SEC's Advisory Committee on Financial reporting. read more >> |
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