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LEHMAN BROS FINANCIAL PANIC TWO YEARS AFTER
2008 Black September, 15 – 2010 Gray September, 15
No consensus at all about the causes of the Great Recession and regarding a radical reform of the financialization regime to be done. Three analysts in a virtual round table around the globe, from Boston, to Dublin, to Singapore.
A conversation with Economics Editor Marc Coleman, from Dublin, Financial Consultant and author Peter Cohan, from Boston, and David Caploe, Chief Economy Editor from EconomyWatch in Singapore.
Financial Reform: Is the Volcker Plan Missing the Target ?
Former Federal Reserve (Fed) Chief Paul Volcker’s so called Financial Reform Plan, released after President Obama’s speech decrying ‘fat cats’ on Wall Street, could be one of the most important prescriptions for the post-financial crisis. Its in/correctness and/or in/efficiency may well be critical for reform of the entire global financial system. Unfortunately, the plan of the former Fed head seems to be either lacking key elements, or is insufficient as currently constituted. We interview two of today’s most important economics bloggers, University of Oregon Economics Professor Mark Thoma, editor of Economist’s View, and Dr. David Caploe, Chief Political Economist of the Singapore-based EconomyWatch.com, who holds a Ph.D. in International Political Economy from Princeton.
