The White House vs. the Banks

46:12

January 26, 2010

President Barack Obama speaks about financial reform at the White House on Thursday, Jan. 21, 2010. From left: Council of Economic Advisers Chair Christina Romer, Treasury Secretary Timothy Geithner, House Financial Services Committee Chairman Rep. Barney Frank, D-Mass., the president, and Economic Recovery Advisory Board chair Paul Volcker. (AP)

Guests:

Joining us from New York is Diane Brady, senior editor at Bloomberg BusinessWeek.
Joining us from Valley Forge, Penn., is John Bogle, founder and former CEO of the Vanguard Group, one of the world's largest mutual fund groups, and president of Vanguard's Bogle Financial Markets Research Center. He’s written several books on investing and financial history, including "Common Sense on Mutual Funds," now out in an updated 10th anniversary edition.
And from Washington we're joined by Steve Bartlett, president and CEO of the Financial Services Roundtable, which lobbies on behalf of the largest “integrated financial services companies” in the country. He was a U.S. congressman from 1983 to 1991, and served on the House Banking Committee. He played a key role in passing the Gramm-Leach-Bliley Act, which in 1999 repealed parts of the Glass-Steagall Act of 1933.

This program aired on January 26, 2010.