Profits of Doom: Breaking Wall Street's Addiction to Greed

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President Obama says free enterprise should reward hard work, but that "it does offend our values" when executives get huge bonuses, at the same time their companies are getting taxpayer bailouts to stay alive.  So his so-called "pay czar" has cracked down on executive compensation at AIG, General Motors and five other companies.

Credits

Guests:
Rick Newman - Yahoo Finance - @rickjnewman, Sam Pizzigati - Associate Fellow, Institute for Policy Studies, Tom Donlan - Barron's - @barronsonline, J.W. Verret - Assistant Professor of Law, George Mason University

Host:
Warren Olney

Producer:
Frances Anderton