Fri, 17 February 2017
CI 64 - MFS Investment Management's Bob Pozen and Too Big to Save: How to Fix the U.S. Financial System
Jason Hartman and Bob Pozen discuss possible changes in real estate regulations a Trump administration could bring. These changes could help small to medium sized banks and make the biggest banks out there increase the amount they lend. Bob Pozen is a Senior Lecturer at MIT’s Sloan School of Management, a Senior Research Fellow at the Brookings Institute and former Associate General Counsel for the SEC. Bob has authored two books: Extreme Productivity and Too Big to Save. Key Takeaways: [2:11] Legislation that may be changed through banking system while Dodd-Frank is left as is. [5:50] There has been too much regulation on small to medium sized banks. [7:33] The problems are Fannie Mae and Freddie Mac are they were never public nor private. [11:13] The FHA and VA insure 100% of the mortgages made by banks. [11:55] More money flowing into the real estate market will cause an upward pressure on prices. [14:46] Home buying increases when rates start to go up but then level out. [15:28] Pozen was chosen by President Bush to join a bipartisan commission to strengthen Social Security. [17:00] Security and Exchange Commission has constraints regarding employees working for corporations after their service. [19:22] Getting to the gist of Bob Pozen’s book Too Big to Fix. [21:59] Peer-to-Peer lending is pretty much unregulated. [23:38] As the economy strengthens banks should lend more. Websites: |