Last week, I attended the Make Markets Be Markets conference.

All of the videos from the conference are now posted (here).

I found Elizabeth Warren’s discussion on the proposed Consumer Financial Protection Agency to be outstanding; I posted it here.

Category: Bailout Nation, Markets

Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.

7 Responses to “Make Markets Be Markets Conference Videos”

  1. clawback says:

    As usual, Josh Rosner’s presentation is top-notch. Some very interesting arguments about banks, servicers, second liens and egg on Geithner’s face. Have an omelet, big boy.

  2. TakBak04 says:

    Elizabeth Warren is an excellent watch.

    I watched the original…and glad you reposted this with the segments, BR.

    As I over-reacted about the “sound quality” of the original version…(which i posted effusively here) I want to be positive about this one that the WHOLE THING is worth the watch.

    Truly…I hope folks put this on their Weekend Listens. When we have that “down time.”

  3. flipspiceland says:

    In the latter days of the republic (and in the former ones but less so before the Gore’s invention of the interweb) the only way to truly mint money, (as opposed to earning it, which opportunities are fast fading anyway for nearly anyone without an Electrical Engineering degreee from Cal Tech, MIT, et al), is thru recognizing—-or more specifically in the case of Goldman Sucks—creating subtle and huge distortions in stuff.

    Markets now are the equivalent of “Reality TV”—no more ‘real’, that is, than the participants make it appear to be.

    Facts and truth are fungible now. As soft and manipulable as—well– you decide.

  4. philipat says:

    I would propose Ms Warren be made Chair of the new independent consumer protection Agency. She speaks simple and easy to understand common sense. So therefore will be pushed to the sidelines.

    The corruption of the US democratic system by large Corporations is truly appalling and can only end badly.

  5. JoWriter says:

    It’s not just the corporations – big or not. It’s a failure of government regulators to actually use the power they already have to keep things in check. It’s a failure of government agencies (Fannie&Freddie, et al) to understand the realities of what is best for the country. Issuing bad paper is not it. It’s the failure of government elected officials to rein in their appetites for power and money. Talk about greed!!!

    We need a generic term for the above – how about Big, Fat Government?

    Then, we can write, for example: “The corruption of the US democratic system by large Corporations and Big, Fat Government is truly appalling and can only end badly.”

    There, fixed it fer ya.


    BR: Dont just blame the dog that bit you, blame the dog’s owner as well.

    Big Gov is Big Biz’ bitch. The legislators in Congress are merely doing what their lords and masters have told them to . . .

  6. soloduff says:

    OK, I’ll bite: Who precisely is going to do the “making” in this Make Markets Be Markets imperative? I.e., who is going to “make” the policy, then”make” it into reality?

    Unless the makers are imported from on high, they can only be the usual suspects–the Congress, the Administration, the extant regulatory agencies, the lobbyists, campaign contributors, Wall St. and, in general, the balance of class forces in contemporary capitalist society.

    The question posed is sometimes called the “agency problem.” Only the boundless egoism of academics–how they love their pet abstractions!–can explain their obliviousness to the class, institutional and ideological constraints imposed by the society they purport to rescue.

  7. elwood says:

    Thanks for the link to the videos, Barry. There’s some really good stuff to watch there. I agree about Elizabeth Warren’s segment, and I’ll point out to everyone else that she expands her argument quite passionately at the beginning of the Q&A clip.

    BTW, the voice of the first questioner from the audience sounds familiar.