Restoring Discipline
Charles discusses the impact of Citibank's involvement in the banking system and how it led to the rise of deal-making investment bankers. He highlights the importance of Glass Steagall in separating corporate underwriting from Citibank's activities. Additionally, he explains the potential benefits of the Gramleach Blyley Act, specifically the requirement for subordinated debt to provide early warning signs of banking problems.In this clip
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EconTalk
Charles Calomiris on the Financial Crisis
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