Or can we fix it . And if so how in particular . Youre about to hear how from our expert panel. Let me introduce them in the order in which theyll speak, as we proceed through the panel well be working our way through the various titles of dodd frank frank. First will be my colleague peter wallacen. He co directs aeis program on financial studies, was co chair of the pew Financial Task force and served on the Financial Crisis Inquiry Commission where he wrote a very enlightening and highly controversial dissent. Previously peter was White House Council to president reagan. General council of the treasury department. Financial crisis was spawned by the financial crisis spawned dodd frank, do you understand what spawned the financial crisis . Buy peters book hidden in plain sight in case you havent yet. Our second speaker senior director of Global Government Affairs strategy and Public Policy of bloomberg, where he covers policy issues in europe, asia and the u. S. Equity, fixed income,
Now i would finish by saying a couple of words about banking unions. This is for the 18 countries in the euro zone. Weve made the European Central bank as the supervisor. It will directly supervise the largest 130 banks and then it can call up any of the other 6,000 or so if it suspects there is a problem. The whole of the eu that is all 28 Member States have the same regulations and rules for the Bank Supervision from the european supervisory agencies but the euro zone will make a further detailed supervision of its own but one suspects the Banking Authority is also charged with looking at that book to make sure they are coherent so we dont have Different Things going on whether you are inside or outside of the banking union. All the countries have their own Deposit Guarantee Scheme and we have the intensity mutual lies that in the zone that has failed at the moment. It doesnt conclude that hasnt at her because we have a common level of insurance and common system of rules and its all
Runway in that snowstorm. We have the very latest on that situation. 16 people injured, two taken out on stretchers. Now, billionaire mark cuban making waves today, publishing a blog saying we are in a tech bubble that is quote, worse than the one 15 years ago. Cuban will join us exclusively about an hour from now for more detail on this provocative thesis, bill making the rounds today. Dont miss it. One of the real you cant even call mark a survivor of the dotcom boom a thriver. He was a winner. He created broadcast. Com and and sold it for billions before the dotcom bust came and hes been playing ever since. Thats why well be interested to see what he has to say about the cycle this time around and who stands to be helped or hurt. Always outspoken. Later, banks stressing out. Literally, the government releasing the latest results on those stress tests for the banks, whether they prove they could withstand an economic meltdown again. Well have those results the moment that they are av