It's more than a year since the collapse of Lehman Brothers. Among the casualties of the Great Recession are millions of home-owning, credit-card holding consumers exploited by banks regarded as "too big to fail." The use of taxpayer money to protect those same banks from their own bad investments was justified with the promise of tough new regulations. The Congress passed sweeping reform, but now it's bogged down in the Senate. An independent agency to protect consumers may be dead on arrival. Banking interests call it a threat to their business. Reformers say a crisis is being wasted. We hear both sides.
Whatever Happened to Finance Reform?
Binyamin Appelbaum - New York Times - @BCAppelbaum, Felix Salmon - Host of the Slate Money podcast, WIRED - @felixsalmon, Scott Talbott - Financial Services Roundtable - @scottfsround, Mike Calhoun - President, Center for Responsible Lending