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 »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.
By Katharine Q. Seelye. What is the Public Option? “Some see it as having the government act as a provider of last resort,” Robert C. Pozen, a senior lecturer at Harvard Business School, wrote online in Harvard Business, arguing in favor of state-based public options. “Others mean a national one-payer system based on the Medicare model. Still others mean health care cooperatives, though they do not exist in most of the U.S.”
Whatever the public option may actually be, the public itself seems ..read more
When an insolvent AIG paid out $165 million in executive bonuses, the public was outraged. But that is peanuts compared to the $62 billion AIG has quietly paid out to settle its obligations with some of the world’s largest banks. Last week, the details of this settlement were finally disclosed.
From Brad DeLong’s Egregious Moderation:
The best finance book I’ve read so far this year (and I’ve read a slew of them) is Robert C. Pozen’s Too Big to Save? …
In short, what we have here is the book that every business/finance professor wants needs. Not to assign to his students: nothing to vulgar as that. What you do with Pozen is stuff it in your top drawer and sneak a peek whenever you want to look brilliant. I ..read more
Join members of the Financial Markets Working Group in this open discussion with Robert Pozen, Chairman of MFS Investment Management and senior lecturer at Harvard Business School. Robert will talk about the crisis, the policy implications, and prospects for reform. He will cull several recommendations for policymakers from his latest book Too Big to Save? How to Fix the U.S. Financial System due out Nov. 9th from Wiley Publishing.
By KAREN BLUMENTHAL. Bob Pozen, chairman of MFS Investment Management in Boston and author of a new book, “Too Big to Save?”, argues that increasing the insured amount to such a high level discourages companies and wealthy individuals from studying which banks are worthy of holding their money.
That essentially removes one of the private-sector checks in the system, he says.
Individuals who chase the higher yields offered by weaker banks could be taking an unforeseen risk. If the bank fails and is ..read more
A critical issue in the Congressional debate on healthcare is whether the new legislation will include a “public option.” Part of the problem is that there is little agreement about what the public option should be. Some see it as having the government act as a provider of last resort. Others mean a national one-payer system based on the Medicare model. Still others mean healthcare cooperatives, though they do not exist in most of the US.
Reviewed by Robert J. Hughes
To everyday consumers, “too big to fail” has become a dubious mantras. Where is the fairness in a government bailout of large banks and corporations that leaves regular people wondering when things are going to turn around for them.
Here, author Pozen, chairman of MFS Investment Management, a lecturer at Harvard Business School and a contributor to The Wall Street Journal, provides an analysis of the financial arrangements the government has used to bolster the economy, with ..read more
by Felix Salmon
“I had a very interesting conversation with Bob Pozen yesterday evening; his new book is out now, and I highly recommend it. It’s the first crisis book to make a detailed series of specific recommendations about what needs to be done going forwards — or, in the words of the book’s subtitle, ‘how to fix the US financial system’.”
In his new book, Too Big to Save?, Robert Pozen proposes fixes for the biggest financial crisis of our lifetimes.