Will Obama Regulate Wall Street Or Give More Power To The Fed?

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GritTV with Laura Flanders

Obama’s regulation policy is being carefully scrutinized. Will he subject banks, rating agencies, and financial institutions to the kind of regulation that many think necessary to prevent another financial train wreck? Or will he simply give more power to the Fed? 

William Black, Professor of Economics and Law at the University of Missouri-Kansas City and a former senior bank regulator, Nomi Prins, Senior Fellow at Demos and author of It takes a Pillage: Behind the Bailouts, Bonuses and Backroom Deals from Washington to Wall Street, and Les Leopold, Huffington Post Contributor and the author of The Looting of America on the President’s regulatory policies.