Host youre watching booktv on cspan2, and now joins us live is the author of flash boys. Michael lewis, what is a flash boy . Guest the heroes of the book are the flash boys, and theyre people that discover the stock markets got something funny going on and seek to find out what it is and then build a mechanism to prevent predators in the stock market from getting to prey. Its called flash boys for a couple of reasons, actually. One is that the solution that the main characters come up with requires them to be faster than the highspeed traders who are the predators in the stock market. So theyve got to be, i wanted speed in the title, but i also wanted kind of superhero in the title because they were these, i mean, these characters presented the story, i felt. Theyre not doing anything unnatural, but they do have these weird powers in the Financial Markets right now, and the powers are powers to explain complicated things to people, the power to kind of engender trust in others. But th
Tv Charles Steven analyzed the Banking System to the United States, the united kingdom, canada, mexico and brazil going back several decades to find out what makes the Banking System is unstable. This is about one hour and 15 minutes. Diana ross roberts at Stanford University institute. Welcome to this special edition of econ talk in front of a large audience at the Hoover Institutions washington office. Econ talk is part of the economics and liberty a weekly podcast on economics, philosophy, history, psychology whatever im interested in actually. Sometimes daily life. On itunes we are econ. Org. Today is february 5, 2014 and my guests are Charles Calomiris and his pac nine. Charles is a professor at a Financial Institution at Columbia University graduate school of business and he directed for institutions regulation and Little Research initiative. Stephen haber is the aa gene welch wallet and professor at the school of humanities and science at Stanford University and a senior fellow
Been exposed that the problem can be dealt with. The regulatory process can do the things it needs to do which isnt necessarily introduce one new regulation. You see what happens with a very wellmeaning regulation. I think the two things that people in congress who are concerned with this issue and regulators should always keep in mind is that everything should be in the direction of increasing transparency, genuine transparency not the radical transparency where people will know what is happening rather than digging through 800 documents. Actual transparency and two being very sensitive to the incentive system they are creating in the financial markets. People respond to incentives. That is the story of wall street and the various crises we have had. People are just answering the call of incentives and when the incentives are bad the behavior is bad. Host finally Michael Lewis i was a little confused by the last chapter. We need to tell everybody what it is and they can pick up the bo
This year, the school supply drive grows even larger as we, along with community partners & sponsors, collect supplies for students in Clay Co. on Friday, July 19.