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Watch: Finance and the Good Society
Author and Yale economics professor Robert J. Shiller discusses his new book, Finance and the Good Society.
Mon, Apr 16, 2012 at 07:59 PM
Robert J. Shiller is an economics professor at Yale University and the author of a new book, Finance and the Good Society. In this CNN interview, Shiller explains that while the Occupy Wall Street
movement has an important message, the change that the movement wants to see needs to come from within the large financial institutions. For example, the securitization of mortgages, which is at the base of the nation’s housing crisis today, is a good idea but it was done the wrong way. Securitization brings home mortgages to more American families but the way that the nation’s financial institutions went about the process was wrong.
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