Big Banks, Big Bonuses and Big Government

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Even when Wall Street banks were losing money and receiving taxpayer bailouts, top traders were getting multi-million-dollar bonuses. Now some of the same institutions are at it again, guaranteeing big money even before any work is performed. The banks say that's what it takes to get the best people, but critics contend it creates risk-takers with nothing to lose except the nation's economic stability. Are the same people who helped to create the ongoing great recession now being rewarded? Is it time for the government to step in or should the free-market prevail?  Would regulations stifle free competition or prevent another financial disaster?

Credits

Guests:
Robert Profusek - Attorney, Jones Day, Stephen Lerner - Director of the Private Equity Project, SEIU, Lucian Bebchuk - Director of the Corporate Governance Program, Harvard Law School, Stephen Moore - Heritage Foundation - @StephenMoore

Host:
Warren Olney

Producers:
Christian Bordal, Sonya Geis