A Big Think Interview With Peter Wallison | Big Think

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A Big Think Interview With Peter Wallison New videos DAILY: https://bigth.ink/youtube Join Big Think Edge for exclusive videos: https://bigth.ink/Edge ---------------------------------------------------------------------------------- A conversation with the financial policy fellow at the American Enterprise Institute. ---------------------------------------------------------------------------------- Peter J. Wallison: Peter J. Wallison, a codirector of AEI's program on financial policy studies, researches banking, insurance, and securities regulation. As general counsel of the U.S. Treasury Department, he had a significant role in the development of the Reagan administration's proposals for the deregulation of the financial services industry. He also served as White House counsel to President Ronald Reagan. ---------------------------------------------------------------------------------- TRANSCRIPT: How can we discourage banks from taking excessive risks? (Scott Sumner of Money Illusion) Peter Wallison: Other than through regulation, it's almost impossible to prevent banks from taking excessive risks. But there is one thing we could probably do that would help and that is to make sure that banks disclose more information to the market than they do today. Right now, banks disclose a lot of information to their regulators. They disclose some information through their financial statements, but none of that gives creditors of banks enough information to understand whet

Published 2012-04-24 · Watch on YouTube ↗
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