Calabria Interview on Peter Diamond's Fed Nomination

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Nov. 22 (Bloomberg) -- Mark A. Calabria, director of financial-regulation studies at the Cato Institute, discusses Nobel-Prize-winning economist Peter Diamond's nomination to the Federal Reserve Board and the U.S. mortgage market. The Senate Banking Committee voted 16-7 last week to recommend Diamond to the full chamber. The opposition came from Republicans led by the panel’s ranking member, Senator Richard Shelby of Alabama. President Barack Obama nominated Diamond in September after an initial bid to place him on the Fed board was blocked in August in a procedural move. Calabria talks with Lisa Murphy on Bloomberg Television's "Fast Forward." (Source: Bloomberg)

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