Why Should Banks Be "Boring"? Columbia Law School's Lev Menand Explains.

What does it mean for a bank to be “boring”? Lev Menand, an associate professor at Columbia Law School, explains that “we need to have banks focused on their fundamentally public utility role: the creation of deposit money and the facilitation of payments.”

Watch Menand discuss the current banking crisis that started with the fall of Silicon Valley Bank and what steps the Fed has taken to prevent more of a banking system meltdown: https://www.youtube.com/watch?v=UkPEcWe-zfw

Find out more about what Menand thinks about the Fed and its role in stabilizing the U.S. financial system in his Columbia Global Reports book, “The Fed Unbound: Central Banking in a Time of Crisis:” https://globalreports.columbia.edu/books/the-fed-unbound/

Видео Why Should Banks Be "Boring"? Columbia Law School's Lev Menand Explains. канала Columbia University