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)
Category Archives: Media Mentions
Financial crisis served up with relish [Financial Times]
By John Plender. After two and a half years of relentless financial pounding, the crisis literature is becoming mountainous. To command the weary reviewer’s attention, any new book on the aberrations of the financial community has to have a clear focus and make a compelling case. In Too Big To Save? Robert Pozen, chairman of mutual fund group MFS Investment Management and a former vice-chairman of Fidelity Investments, pulls off the trick.
Author Robert Pozen Addresses How to Fix The System [PBS Nightly Business Report]
Interview by Tom Hudson. Author Robert Pozen Addresses How to Fix The System.
Good Banks, Bad Banks, and Government’s Role as Fixer [HBS Working Knowledge]
Government action to stem collapse of the U.S. financial system was certainly warranted, agrees professor Robert Pozen. But results include less competition and increased risk to taxpayers. A Q&A from the HBS Alumni Bulletin and book excerpt from Too Big to Save?
To stop another crisis, everyone’s got to have a stake [Boston Globe]
By Robert Gavin. Robert Pozen, chairman of Boston mutual fund firm MFS Investment Management, recently published a new book, “Too Big to Save?,’’ which explores the global financial crisis and the steps needed to reform the US financial system.
The Economy and the Markets: Where Are We Now? [Motley Fool]
By Jennifer Schonberger.
Bob Pozen, chairman of MFS Investment Management and author of the book Too Big to Save? How to Fix the U.S. Financial System, stopped by Fool HQ recently to talk about some of these hot-button issues facing our economy and markets. He chatted with us about the sustainability of the market rally, rebalancing the global economy, the dollar, and gold. Here are some highlights from our conversation.
An Action Plan for Economic Recovery [HBS Alumni Bulletin]
Most books about the nation’s financial crisis tell us what happened. In his new book, HBS senior lecturer Robert Pozen tells us how to fix the system. A financial industry veteran and chairman of MFS Investment Management, a Boston firm that oversees more than $170 billion in pension and mutual funds, Pozen writes with authority and unusual clarity about complex issues in Too Big to Save? How to Fix the U.S. Financial System (Wiley).
Anatomy Of A Crisis [Forbes]
Written by Elizabeth Leonard.
Comprehensive in scope, Too Big to Save looks at each of the factors that played a role in the crisis: the housing boom, subprime loans and the impact of mortgage-backed securities; Fannie Mae and Freddie Mac; credit default swaps, AIG and collateralized debt obligations; hedge funds and short selling; and capital requirements. But this is not an alphabet soup. These topics are precisely defined and clearly presented in a highly readable and well-paced narrative. Moreover, as Pozen explains the forces that were at work to disable the U.S., and then global, economy, he presents a series of constructive approaches to righting the financial system.