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 Jennifer Schonberger.
It’s clear by now that a failure of regulation on multiple fronts helped to fuel the financial crisis. What’s more, according to Bob Pozen — chairman of MFS Investment Management and author of the book Too Big to Save? How to Fix the U.S. Financial System — government has also failed, in certain instances, to clean up the fallout from the crisis.
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