Better than Chris Wallace w/Hillary Clinton: Berkowitz w/author and Booth Business School Professor Luigi Zingales

Jeff Berkowitz: …What would happen? That third way [that you recommended]. Manage bankruptcies. Don’t bail out AIG. Don’t bail out Lehman Bros., but manage it and creditors should incur costs.

Professor Luigi Zingales: Should incur losses. Absolutely.

Jeff Berkowitz: Because they took bad risks and they should be—if you’re taught that you are going to pay for those bad risks—in the future, you won’t take such bad risks.

Professor Luigi Zingales: Absolutely, so that capitalism without bankruptcy is like religion without sin.

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Tonight's  City of Chicago and North Shore edition of “Public Affairs,” features Luigi Zingales, University of Chicago Booth School of Business professor and author of the best seller: A Capitalism for the People: recapturing the Lost Genius of American Prosperity, a book you can find at one of our underwriters-- the Book Stall in Winnetka.  Watch our show with Prof. Zingales here

In a show taped on November 11,  Professor Zingales  debates and discusses with show host Jeff Berkowitz whether the U. S. economy has changed from a meritocracy to a crony capitalism state and if so, how can the economy be fixed; what caused the crash of 2008?  were Obama, McCain and Chairman Bernanke all supporting the wrong economic policies; has America lost its entrepreneurial spirit and much, much more.  

The show with Luigi Zingales  airs throughout the City of Chicago tonight at 8:30 pm on Cable Ch. 21 [CANTV].

The "Public Affairs," show with Professor Zingales is posted here  

The show will also air in Rockford this Thursday night  (Dec. 6) at 8:30 pm on Cable Ch. 17

 

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