The IMF "Macro and growth policies in the wake of the crisis" conference March 7 & 8 is fascinating to watch, though the contributions were variable in quality.
At question-time towards the end of session 3 on "financial intermediation and regulation", James Galbraith (son of John Kenneth Galbraith) who was in the audience, referred to some pithy language used in the FCIC report, as well as to George Akerlof's famous paper "Looting: The Economic Underworld of Bankruptcy for Profit". James Galbraith said: "the word "fraud" hasn't been mentioned by the panelists - I wonder if the panel could comment on the role of fraud in the regulatory response to the financial crisis". However the chair declined to invite comment from the discussants, saying that this sort of remark was "not objective". J. _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
