New York Fed to hear new theory on financial meltdown Dec. 8

Anjan Thakor is a financeprofessor from Washington University in St. Louis.New York Fed to hear new theory on financial meltdown "Thakor says it is important to determine the root causes of the financial crisis in order to prevent it from happening again. 'We had this double fragility in the financial system from high borrower and bank leverage....To get at root causes of the current crisis and