Mayor Riordan, Professor Wacziarg Discuss Los Angeles' Finances, Possible Bankruptcy

As co-founder and namesake of UCLA Anderson's Riordan Programs, former Los Angeles Mayor Richard Riordan has a long involvement with Anderson, an involvement that includes teaching courses to MBA students. The mayor made a few headlines not too long ago, when he proposed that the city of Los Angeles faced the possibility of bankruptcy.

Romain Wacziarg is an Anderson professor of economics currently serving as chair of UCLA Anderson's Global Economics and Management area. We were curious about Mayor Riordan's claims regarding Los Angeles and so we asked Professor Wacziarg to interview him for us, shining an economic light on the once-mayor's claims. The result is the video that follows, a fascinating discussion that mixes theory and practice, politics and economics.