RSS FEED
During my conversation with AQR Capital Management's Cliff Asness, I asked him who was to blame for the financial crisis. Asness is careful to separate the real estate bubble from the broader financial contagion and too-big-to-fail. Of the too-big-to-fail problem, Asness thinks the solution is allowing failure"”"I happen to think failure is less scary and more survivable than others do," he says. But he admits the politics of a crisis complicate matters. Watch below.
Name (required)
Mail (will not be published) (required)
Website
XHTML: You can use these tags: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>
The Enterprise Blog is a project of the American Enterprise Institute. We are committed to giving you thoughtful and timely analysis on economic, foreign and social policy and politics. Check back often for updates.
The American Enterprise Institute takes no institutional positions on policy advocacy or political campaigns. The views expressed on The Enterprise Blog represent those of the individual writers.
Read Full Article »