Banks Still Pose a Significant Headache for Obama

Hosted by

President Obama reportedly told senior bankers in a private meeting that he is the only thing standing between them and the "pitchforks," but he himself is faced with alternatives that may increase public anger. He has postponed the day of reckoning by subjecting the 19 biggest banks to "stress tests, supposedly to determine whether they have the capital to stay in business if the recession gets worse.

Credits

Guests:
Ed Luce - Financial Times - @EdwardGLuce, Kenneth Rogoff - Harvard University - @krogoff, Felix Salmon - Host of the Slate Money podcast, WIRED - @felixsalmon, Kevin Drum - Writer, Mother Jones

Host:
Warren Olney

Producers:
Christian Bordal, Katie Cooper, Andrea Brody