Can the Senate Deliver Finance Reform in an Election Year?

Hosted by

The US Senate's next item of business is finance reform, with Democrats trying to draw up an offer Republicans can't refuse. The provision banks hate most in the House version of reform is an independent agency for consumer protection that's been compared to the so-called “public option,” that divided Democrats to the GOP's benefit during the healthcare debate.  But the politics of finance reform are very different. With popular anger focused on Wall Street, should banks that are “too big to fail” be regulated or cut down to size? Should a consumer protection agency be independent or part of the Federal Reserve?

Credits

Guests:
Noam Scheiber - New York Times - @noamscheiber, Charles Taylor - Director, Pew Charitable Trusts' Financial Reform Project, Simon Johnson - Massachusetts Institute of Technology - @baselinescene, John Berlau - Competitive Enterprise Institute

Host:
Warren Olney

Producers:
Christian Bordal, Andrea Brody