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Failures of Financial Regulators Explained by Former Reagan Nominee

Professor James Barth was an appointee of Presidents Ronald Reagan and George H.W. Bush as chief economist of the Office of Thrift Supervision and previously the Federal Home Loan Bank Board. He is now the Lowder Eminent Scholar in Finance at Auburn University and a Senior Fellow at the Milken Institute. In this interview, Cenk and Dr. Barth discuss how shortcomings of financial regulators contributed to the 2008 financial crisis, and what to expect in the future given the current state of affairs. Dr. Barth also offers a unique prescription rooted in the ideas of James Madison.

Find out more about James Barth here: http://www.business.auburn.edu/~barthjr/ and about the Milken Institute at their home page: http://www.milkeninstitute.org/index.taf

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