Today, my senior appraiser told me I had to watch the Charlie Rose Show he saw Monday night called “A discussion about the crisis on Wall Street” with Lawrence Summers, Charles Gasparino, Andrew Ross Sorkin, Nouriel Roubini and Josh Rosner.
He was right – it was engaging (not many have the interview skills of Charlie Rose). I highly recommend watching it.
While you’re listening, take a look at Megan McCardle’s of The Atlantic’s post called Hindsight regulation.
I hope that this will result in deep changes to our regulatory system, starting with unifying the diverse bank regulatory body, and giving them a stronger mandate to watch systemic risk like a hawk. I hope the GSEs will be broken up, stripped of their government guarantee, and regulated like other companies that do the same thing. I hope the central bank will pay more attention to inflation, and less to unemployment.