Financial Crisis Debate (12 of 13) Closing Arguments)

[Juvenal4668]

Jim Chanos: "Malfeasance [by Wall St] trumps incompetence [by Washington] for the purposes of this resolution."

Nouriel Roubini: "The difference between a system that works, that has innovation and provides benefits and avoids a crisis, and one in which crises occur over and over again, has nothing to do with Wall St or greedy bankers - you name it - it has to do with the quality of public policy."

[leoca]

nobody seems to have mentioned that such great financial system is hard to police let alone understand by government servants. one person, maddoff, could dupe the SEC. you can blame the government for corruptness but yes they CAN be a victim by crafty geniuses in wallstreet. they're not all Economists & Harvard Intellectuals in Congress after all.

[acmedressform]

i vote for niall ferguson, who can win against his hotness and brains too

[louiseobrien2065]

Alex's comments make it clear that the world now needs to implement good international financial regulations so that bankers can not just locate bad banking practices to a country with poor regulations.

[bjan87]

a very dramatic speaker

[Delheru]

Must say Ferguson is quite convincing, no wonder they had him as the last speaker