Walker F. Todd is a retired Lecturer in Finance at Middle Tennessee State University, Murfreesboro, TN. He is a past recipient of a grant from the Institute for New Economic Thinking. For twenty years, he was an attorney and legal officer of the Federal Reserve Bank of New York and a legal and research officer of the Federal Reserve Bank of Cleveland. Advising these Reserve Banks’ discount window operations was one of his principal responsibilities. He has numerous publications on emergency lending.
By this expert
Shifting Downward: How a Change in Fed Culture Hurt Bank Supervision
The explanation of systematic breakdowns in supervisory oversight over time must include the shift in Federal Reserve culture during and after the 1990s
Rewarding Bad Behavior: The Bear Stearns Bailout
Ten years ago when Bear Stearns crashed, the Fed decided to bail out first, ask questions later. It was a mistake that set a bad precedent.
Featuring this expert
YSI Conference on Debt Sustainability
Discussions on the key conceptual and policy themes for sovereign debt sustainability with a view to proposing possible policy reforms.
What’s Actually Behind the Banking Crisis? Why You Pay When They Play.
In the following conversation, law and economics expert Walker Todd explains how a financialized system creates havoc and why it’s time to rethink banking
Lessons Ignored From the 1930s