As bankers’ bonuses are unveiled and new taxes on big banks are weighed, a commission led by former California treasurer Phil Angelides has begun public hearings to determine what might have caused the financial crisis of 2008-09. We discuss the crisis and the commission.
Guests:
Joseph Grundfest, former commissioner at the Securities and Exchange Commission, professor of law and business and co-director of the Rock Center on Corporate Governance at Stanford Law School, cofounder and director of Financial Engines, Inc. and former director for Oracle Corp.
Bill Thomas, vice chair of the Financial Crisis Inquiry Commission and a member of the U.S. House of Representatives for 28 years
Jesse Eisinger, senior reporter for ProPublica
Gerald Epstein, chair of the economics department and co-founder of the Political Economy Research Institute at the University of Massachusetts at Amherst, and co-founder of SAFER, the Economists' Committee for Stable, Accountable, Fair and Efficient Reform