Edward Conard on Bank Industry Outlook, Economy

May 21 (Bloomberg) -- Edward Conard, author of "Unintended Consequences: Why Everything You've Been Told About The Economy Is Wrong," and former managing director of Bain Capital under Republican presidential candidate Mitt Romney, talks about factors that contributed to the 2008 U.S. financial crisis. Conard, speaking with Betty Liu on Bloomberg Television's "In the Loop," also discusses JPMorgan Chase & Co.'s $2 billion loss and the outlook for the banking industry. (Source: Bloomberg)