Thomas Ross in the Times on How Banking Regulators Made Matters Worse
Professor Thomas Ross and three co-authors published a lengthy op-ed piece in the Sunday, April 4, 2010 New York Times. The piece is titled “How Washington Abetted the Bank Job,” and it includes the following: “Since the financial crisis struck in 2008, many have bemoaned the supposed inability of bank regulators to coordinate their efforts. That assumes a joint effort would somehow have helped. In fact, our regulators could coordinate, and did, and thereby contributed to the crisis.”
Among the co-authors are Professor Susan Koniak of Boston University and Professor George Cohen of the University of Virginia, both of whom are former faculty members at the University of Pittsburgh.