Nocera on the Crisis and All the Devils Are Here

Nocera on the Crisis and All the Devils Are Here

From: EconTalk
0 0 8 years ago
Joe Nocera, New York Times columnist and co-author with Bethany McLean of All the Devils Are Here, talks with EconTalk host Russ Roberts about the origins of the financial crisis. Drawing on his book, Nocera identifies many people he considers devils for contributing to the crisis and a few angels who tried but failed to stop it. The discussion covers the history and development of securitization and the peculiar incentives created by securitization and the relative lack of regulation of the ... See More

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