13 March 2026
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Glenn Loury (Brown University, Hoover Institution, Late Admissions, Self-Censorship) and Ross Levine (Haas School of Business)
On The Glenn Show, Glenn and Ross discuss the recent book by Anat Admati and Martin Hellwig, The Bankers’ New Clothes. Ross says that the government is inadvertently subsidizing bank fragility. Can anything be done about “too big to fail“? They explain the real reason that Wall Street wants to keep equity low and debt high—more money for bank executives and shareholders. Is it unrealistic to think that government could ever rein in the financial system? Glenn and Ross critique Admati and Hellwig on how accurately regulators can assess bank assets. Ross closes by explaining why he’s not optimistic about removing catastrophic risk from the financial system.
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Glenn Loury
Glenn Loury
Recorded:Nov 13
Posted:Nov 18, 2013
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The Glenn Show | Nov 18, 2013 | Glenn Loury & Ross Levine
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