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The Crusading Regulator: Arthur Levitt36:17
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photoArthur Levitt made his name building one of the hottest stock brokerage firms in America. Then he was head of the American Stock Exchange. But in the 1990s, as chairman of the Securities and Exchange Commission, Arthur Levitt the ultimate insider became Arthur Levitt the crusading regulator.

He crusaded for new rules and practices governing Wall Street and corporate America--and he's not afraid to tell you that he failed. That bad business and corruption won. The proof is Enron and WorldCom, shattered dreams and a national crisis.

"America's investors have been ripped off as massively as a bank being held up by a guy with a gun," says Levitt. Now, the ex-SEC chief is crusading from the outside. Up next On Point: Arthur Levitt's battle to save you a bundle--and American business itself.

Guests:

Arthur Levitt, former chairman of the Securities and Exchange Commission and author of "Take On The Street: What Wall Street and Corporate America Don't Want You to Know, What You Can Do To Fight Back"

This program aired on October 18, 2002.

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