Bert Ely on Incentives vs. Regulation

I always find financial consultant Bert Ely, who I met many times years ago at conferences, worthwhile to listen to. He either makes very good points or asks very insightful questions, or both. Here is a good video interview of him from The Economist magazine, on some aspects of the current financial mess, the recession, and so on, and an important highlight is his stress on the difference between incentives vs. regulation.