Bankers or politicians: Who’s to blame for the crisis?

Tuesday, February 25, 2014

Charles Calomiris discusses his new book on CNBC, and argues that politics is responsible for the financial crisis.

Haber and Calomiris discuss Fragile by Design on EconTalk

Calomiris and Haber talk with EconTalk host Russ Roberts about their book. The conversation focuses on how politics and economics interact to give some countries such as Canada a remarkably stable financial system while others such as the United States have a much less stable system. The two authors discuss the political forces that explain the persistence of seemingly bad financial regulation. The conversation includes a discussion of the financial crisis of 2008.