Did Lack of Regulation Cause the Financial Crisis?
Bill Moyers recently interviewed William Black (ht Glenn Greenwald), who is a regulator who came to fame for exposing the "Keating 5" Senators for their misdeeds during the Savings & Loan crisis and wrote a book based on that experience called The Best Way to Rob a Bank Is to Own One: How Corporate Executives and Politicians Looted the S&L Industry. The interview mostly covers our current financial crisis and is well worth watching. You may recall that as the crisis initially unfolded, there was a reflexive reaction on the part of many to blame deregulation, without presenting any evidence … Continue reading Did Lack of Regulation Cause the Financial Crisis?
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