On Monday, Treasury Secretary Henry Paulson and President George Bush announced they would be committing $20 billion in capital and guaranteeing a record $306 billion in risky assets now belonging to CitiGroup, at one time the world’s largest and most profitable financial institution. Meanwhile, Obama announced the twin towers of his economic team, Tim Geithner, […]
Author Archives: Timothy Canova
Timothy Canova is the Associate Dean for Academic Affairs and Betty Hutton Williams Professor of International Economic Law at Chapman University. His research covers the disciplines of law, public finance, and economic history. He has a history of critical writing regarding the deregulation of banking and finance since the 1980s. He has analyzed the meltdown of Continental Illinois, at the time the largest bank failure in American history, and anticipated the collapse of the savings & loan industry. Before the Asian economic crisis began, he was arguing against the liberalization of capital accounts, and then warned of a crisis in the bubble economy. He is a long-time advocate for well regulated financial markets, accountability and the rule of law in central banking.
