Re-Regulating a Failed Financial Industry

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In 2002, when Wall Street scandals like Enron and WorldCom rocked the business world, the government prosecuted 513 cases of securities fraud. In the first eleven months of 2008, there were just 133 prosecutions. What has happened to the nation's system of securities regulation? What is needed to reform it? Also, Israel continues its Gaza offensive, even as officials consider a truce, and a year-long story about the life of a  young African refugee, his family and the remarkable school that is teaching him about America. Sara Terry Guest hosts.

Banner image: Secretary Henry M. Paulson (2nd-L), Fed Chairman Ben Bernanke (L), FDIC Chairman Sheila Bair (3rd-L to R), Timothy F. Geithner, CEO of the Federal Reserve Bank of New York, Comptroller of the Currency John C. Dugan, SEC's Christopher Cox, Chairman of the Commodities Futures Trading Commission (CFTC) Walter Lukken, and Director of the Office of Thrift Supervision (OTS) John M. Reich participate in a news conference about the market stability initiative. Photo: Mark Wilson/Getty Images



Sara Terry