Gary Gorton on YSM panel

Via Arnold Kling, this Yale School of Management panel (video) on the financial crisis. In the audience are YSM students and other professors.

The opening comments by Gary Gorton are good, and the last 10 minutes are excellent as well -- it ends with a debate over mark to market accounting. Note Gorton's comments at 59:55 -- 9 minutes from the end :-)