Bloomberg interview with Charles Calomiris

Today there is another excellent Bloomberg interview [MP3] with Charles Calomiris “a professor at Columbia University, talks with Bloomberg’s Tom Keene and Ken Prewitt about Treasury Secretary Timothy Geithner’s plan to remove toxic assets from the books of the U.S. banks.”

IMHO Calomiris has a superior grasp of the banking crisis and what it takes to fix it — evident in this short interview. His thesis will be more clear after scanning one of his papers of Feb 19th, like this one which is even better explained in the Mar 11 Bloomberg interview (no longer online).