Martin Hellwig News Today

[applause] [inaudible conversations] the government was shut down for 16 days in october as republicans unsuccessfully tried to debunk the president S Health Care law. Tonight on our companion network cspan a look back at the congressional debate and president obamas actions during the shutdown. Thats tonight on cspan at 8 p. M. Eastern. I think radio is the longest and the best form of media that is left but we are doing right now is long conversation unprecedented. Unprecedented. Only cspan do...

Incompetent to participate in the discussion. Guest yes, its true. Host how strong is the banking lobby lobby the states . Guest very strong. After the crisis of 2009 it was senator durbin who said frankly wall street owns the place. The politics is a little different. There is a good political problem and that is what i learn more and more as they became involved. Its not about making that argument. Its not necessary or sufficient to be successful in policy debates. Why . Well because there are...

You know about this. And it leads to the question, are they misof informing congress, do you think . And if so, why . Well, first of all, they havent been asked the right question, so they havent misof informed congress. But there is such a thing as to missive misrepresentation to missive misrepresentation. And if you knew there was a terrorist getting your money, you would with duty bound to report it. And our country, our administration should not be vibrantly and robustly allowing american ta...

Arguments so it refers to a whole collection of host a major reason for the success of Bank Lobbying is the permissive myth that banks are special and different from all other industries of economy. Anyone who questions the claims are at risk of being declared incompetent to participate in the discussion. Guest yes, its true. Host how strong is the banking lobby lobby the states . Guest very strong. After the crisis of 2009 it was senator durbin who said frankly wall street owns the place. The p...

Argument. Its not necessary or sufficient to be successful in policy debates. Why . Well because there are narratives that people prefer to have and there seems to be some entrenched misunderstandings shockingly held by all kinds of people who you would think should know better. Its hard to sort out sometimes why people say what they say. Some people say to me they just dont understand these subtle things but i think thats really weird. Sometimes we are talking about part of the mystique. Someho...

Anat Admati debunks the misconceptions propagated by financial executives and economists opposed to regulatory reforms

With unlikely allies, big banks are resisting regulators’ plan to strengthen them.

She literally wrote the book on banks behaving badly. A decade on, it’s more relevant than ever. Now with a new edition on the presses, US academic Anat Admati tells Nico Aspinall why the industry continues to learn nothing from history

It’s “a surprisingly slippery concept,” he says.

Two months after the collapse of Silicon Valley Bank (SVB), triggered by a social media-fuelled panic, banking executives ...