Now on booktv Thomas Stanton argues the main difference between companies that successfully made it through the 2008 financial crisis and those that didnt was the willingness of upper management to listen to feedback before making decisions. This is about an hour and 15 minutes. Good afternoon and welcome to the cato institute. I am the director of Financial Regulation studies at cato. I am also honored to serve as moderator for todays book form. Reading press coverage of the financial crisis one comes across phrases such as banks did this and banks did that. These generalities, there was no response to the financial crisis or events that preceded it. To confirm took different approaches and several ceos and their boards made poor decisions, others made good decisions, prudent decisions and sometimes brilliant decision that not only saved their firms but about and to gain market share come out stronger than ever. In my own riding i tend to place considerable emphasis on the poor Public
I would hope that the Lgbt Community would recognize me to continuing that progress is the key to the progress weve made so far which is engagement and political engagement. And what also recognize that both the Supreme Court and elsewhere around the country we have systematically than limiting what was a limited democracy to begin with and making true selfgovernment harder and harder and would recognize if our political progress and progress on race and gender and a series of other things are intimately tied up in making this really into a self functioning democracy again i recognize that commonality is political. I would say that we need to recognize issues of race, class, sex is some are lgbt issues and we have an investment not only in cases like this one, but comprehensive Immigration Reform in access to health care. All of these are lgbt issues because people look like the rest of the country. We shouldnt get so into our silo that we forget that. Theres something about being a mi
To like . It is about protecting consumers. Just up here across the street from the Old Executive Office building and i predict it will outgrow its space in a few years. Consumer Protection Bureau is a sovereign entity unlike any bureaucracy that existed before. Not under the control of congress but the fed chairman and board dont have a lot of control over it. The president appoints a single director to overlap the president ial term and they have wide discretion interpreting and enforcing various financial regulations and basically have jurisdiction over everything in the Financial Sector from Investment Banking and mortgage banking all the way to daddys money pawnshop in alabama. I have gone killing reports from c e os to have been investigated by the cfpb and it is truly chilling. However wellmeaning this might have been this is a Dangerous Organization and structure is dangerous. That is why the story is worth telling. This is when chapter in a very long saga of what i will call c
That. And maybe people talk about it. You get what they say. You dont know how many people said it. You dont know where you are wrong and you didnt have to face her critics. I get criticism all day everyday without asking because the nature of the web was that it. Thats one person. Everybody else loved it obviously. But theres an extra demand when you talk about the Publishing Industry and responsibility of a racer to promote indian conversation. Maybe dont want to do that. Maybe he really has said the last thing you want to say. This world doesnt allow that without a cost. I had one guy tweaked at me and he said i treated you and you didnt write me back. Im not going to finish her book. First of all he darty bought it, so i got you. First of all, you are denying yourself because i didnt validate you and that doesnt scale. Every author is not built to interact on that scale. No human can interact in the scale demanded that those who want a relationship with the creators and producers.
To make the most of that. There are many people who work on this topic who have helped move forward on the agenda but louise is one of the man deserves a lot of credit. We have been talking with philip auerswald, the coming prosperity, how entrepreneurs are transforming the global economy. His most recent book. Booktv of location at george mason university. Tell us what you think of our programming this weekend. You can freeze us at booktv, comment on our facebook call or send us an email, booktv, nonfiction books every weekend on cspan2. At the end of world war ii we had twelve million men under arms. We have 2,000 flag officers and generals. Today we have 1,000 flag officers and generals and 1. 2 million under arms. The ratio is totally out of whack. We almost have an admiral for every ship in the navy. Not a captain, and admiral. What we have done is go through and look at areas where we could not necessarily save all of the money but we could transfer responsibilities that are not