Comments on Reforming the Financial Sector
The crucial task starting now, in 2009, before it is too late, will be to restructure, or reconfigure, the financial sector so that it becomes less of a conduit for mortgage lending for residential and commercial construction – and more a set of well-functioning institutions with the expertise to make lending decisions for business investment and business innovation.
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More About This Work
Presented at the 6th Annual Conference of the Center for Capitalism and Society: Emerging from the Financial Crisis, held at Columbia University on February 20, 2009.