Roadblock on the Path to Financial Reform

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As a Senate committee was grilling Goldman Sachs executives today, Democrats called for another vote on finance reform, less than 24 hours after the last one. They claim all the Republicans voted "no" yesterday to protect Wall Street from a real crackdown.  Republicans insist they just want a better bill. Behind the political theater, both sides seem to expect eventual action, because public anger has reached high-level intensity in this election year. Will the current measure shrink banks that are too big to fail? Will it protect taxpayers against future bailouts? Do we need more — or better — regulation?

Credits

Guests:
Michael Crittenden - Reporter, Dow Jones Newswires, Heather McGhee - Director, Demos' Washington Office, William Isaac - Chairman, LECG Financial Services, James Barth - former Chief Economist, Office of Thrift Supervision

Host:
Warren Olney

Producers:
Darrell Satzman, Karen Radziner, Katie Cooper