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Baker Says Shadow Banking Entrenched, Needs Transparency: Video

Summary:
May 6 (Bloomberg) — Dean Baker, co-director of the Center for Economic and Policy Research, talks with Bloomberg’s Erik Schatzker about the purpose of the Financial Crisis Inquiry Commission’s hearings and the so-called shadow banking system. Baker also discusses the role of the U.S. Securities and Exchange Commission and the outlook for regulatory overhaul of ...

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May 6 (Bloomberg) — Dean Baker, co-director of the Center for Economic and Policy Research, talks with Bloomberg’s Erik Schatzker about the purpose of the Financial Crisis Inquiry Commission’s hearings and the so-called shadow banking system.


Baker also discusses the role of the U.S. Securities and Exchange Commission and the outlook for regulatory overhaul of the financial system. (Source: Bloomberg)


Dean Baker
Dean Baker is a macroeconomist and codirector of the Center for Economic and Policy Research in Washington, DC. He previously worked as a senior economist at the Economic Policy Institute and an assistant professor at Bucknell University. He is a regular Truthout columnist and a member of Truthout's Board of Advisers.

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