CI 64 - MFS Investment Management's Bob Pozen and Too Big to Save: How to Fix the U.S. Financial System
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Jason Hartman and\\xa0Bob Pozen discuss\\xa0possible changes in real estate regulations\\xa0a Trump administration could bring. These changes could help\\xa0small to medium sized banks and make the biggest banks out there increase the amount they lend.
Bob Pozen is a Senior Lecturer at MIT\\u2019s 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\\u2019s 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:
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