Anyone read it? good book? The author has been making the rounds and keeps harping on needing to break up the banks…
No but watching him on the talk shows is enlightening. Seems to be a pretty smart guy with good credentials. He at least tries to explain elements of the financial crisis to others instead of doing absolutely nothing.
^yea he seems to be one of the few (at least on TV) who’s cutting through the BS and advocating a common sense approach to the situation. I’ll have to read the book first but it looks like he’s a little myopic in thinking his solutions could actually get done.
Hes an MIT economist I believe and when you have someone like that proposing that the system is economically unstable, then you have to at least listen. I think vested interests are going to be the biggest obstacle to changing the system no matter how much sense he makes.