Re-Regulating Financial Markets

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From left to right: Bank of America; Citibank; AIG
Left to right: the corporate headquarters of Bank of America, Citibank, and AIG. (AP)

In the last year and more, Wall Street’s wild ways took the American economy to the brink of disaster and a ways beyond.
Trillions have been lost. Savings gutted. Jobs and lives turned upside down.
Yesterday, President Obama made his case for a new regulatory blueprint, to try to rebuild some guide rails for American finance. To create a system that works for business and consumers, he said, without choking the engines of American prosperity.
This hour, On Point: Obama and the new regulation of Wall Street – too much, too little, or just right.
You can join the conversation. Tell us what you think — here on this page, on Twitter, and on Facebook.Guests:

Ken Rogoff, professor of economics at Harvard University. He was chief economist and director of research at the International Monetary Fund from 2001 to 2003.

Robert Kuttner, co-founder and co-editor of The American Prospect magazine and distinguished senior fellow at the think tank Demos. He's the author of "Obama’s Challenge: America’s Economic Crisis and the Power of a Transformative Presidency" and "The Squandering of America: How the Failure of Our Politics Undermines Our Prosperity."

William Cohan, a Wall Street insider for 17 years, he worked for Lazard Freres and as a managing director at J.P. Morgan Chase. He's author of "House of Cards: A Tale of Hubris and Wretched Excess on Wall Street." He also writes for The Daily Beast.

This program aired on June 18, 2009.


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