Government's Place in the Market
2011-06-11T19:01:01-04:00https://ximage.c-spanvideo.org/eyJidWNrZXQiOiJwaWN0dXJlcy5jLXNwYW52aWRlby5vcmciLCJrZXkiOiJGaWxlc1wvNDgyXC8yOTk4OTktbS5qcGciLCJlZGl0cyI6eyJyZXNpemUiOnsiZml0IjoiY292ZXIiLCJoZWlnaHQiOjUwNn19fQ==Eliot Spitzer, former governor of New York and New York State attorney general, presents his thoughts on when the government should intervene in the financial market. Mr. Spitzer argues that government assistance given to the banking industry in 2009 was a poor decision, as it forced the American public to share in bank’s risks without benefit. The author posits when intervention is appropriate and details how the government can reestablish the public’s trust. Eliot Spitzer responded to questions from Simon Johnson, co-author of 13 Bankers: The Wall Street Takeover and the Next Financial Meltdown, and to questions submitted by members of the audience. This event in Wong Auditorium was part of the “Ideas Matter” series at the Massachusetts Institute of Technology in Cambridge, Massachusetts.
Eliot Spitzer, former governor of New York and New York State attorney general, presents his thoughts on when the government should intervene in the financial… read more
Eliot Spitzer, former governor of New York and New York State attorney general, presents his thoughts on when the government should intervene in the financial market. Mr. Spitzer argues that government assistance given to the banking industry in 2009 was a poor decision, as it forced the American public to share in bank’s risks without benefit. The author posits when intervention is appropriate and details how the government can reestablish the public’s trust. Eliot Spitzer responded to questions from Simon Johnson, co-author of 13 Bankers: The Wall Street Takeover and the Next Financial Meltdown, and to questions submitted by members of the audience. This event in Wong Auditorium was part of the “Ideas Matter” series at the Massachusetts Institute of Technology in Cambridge, Massachusetts. close
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