District 34 Podcast

Tim Canova on fixing the Fed, International Trade and Democrat Party Reform

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Sinopsis

Tim Canova is a law professor that works in the area of economics and international trade. He served on Senator Sanders economic reform committee in 2011. He is currently running as an Independent against Debbie Wassermann Schultz in Florida.In the 1990s, while an associate attorney at a prominent law firm and then as a visiting professor at the University of Miami, Tim opposed efforts to weaken the 1933 Glass-Steagall Act firewalls that had separated commercial banking from the risky securities markets. He also cautioned about the rise of complex derivative financial instruments that were turning the United States into a “casino” economy. In the early 2000s, Tim warned about the growing bubble in housing prices and called for increased supervision of Wall Street banks and financial markets. He was one of the few law professors in the country who consistently opposed Alan Greenspan as chairman of the Federal Reserve Board, including a 1996 op-ed in the New York Times opposing Greenspan’s reappointment.You can