Registered: Jan 2009
04-18-12 07:10 PM
I am not a defender of Dodd-Frank by any means. However, this interview contains a number of glaring problems that have been addressed a number of times. Calomiris has some interesting and meaningful things to say, but some of what he says is just disingenous and untrue. Specifically, the claims people like Calomiris, Wallison and Pinto have made regarding the role of the CRA have been shown to be completely unsubstantiated by evidence. Moreover, he completely misses the point of the Volcker rule. Same with Glass-Steagall.
Very disappointing. I would have expected a lot better from Prof Calomiris. Coming from someone who is supposed to be a serious academic economist, the interview is too much politics and not enough substance.