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Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data, ability to repeat discredited memes, and lack of respect for scientific knowledge. Also, be sure to create straw men and argue against things I have neither said nor even implied. Any irrelevancies you can mention will also be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.

2 Responses to “Nouriel Roubini: A Crash Course in the Future of Finance”

1. hgordon Says:
   June 4th, 2010 at 11:52 am

   The embedded clip only has the introduction. The rest of Roubini’s talk is found here -

   http://fora.tv/2010/05/13/Nouriel_Roubini_A_Crash_Course_in_the_Future_of_Finance

2. Amos Satterlee Says:
   June 5th, 2010 at 12:50 pm

   He praises Glass-Steagall and then gets into compensation reform as the solution? What we need is a regime similar to G-S.

   1. the three-party structure was self-regulating, each with a different profit incentive. The commercial banks could only make money from lending, so they had a necessary incentive to do risk management correctly no matter what the brokers or m&a folks said or wanted.

   2. all the complex “dodgey” instruments only occur when you can span different financial arenas, such as banking (lending) and brokering. A necessary result of the supermarket model.