Revamping regulations
Treasury Secretary Tim Geithner is heading to Capitol Hill this morning to outline a sweeping overhaul of federal financial regulations. Early leaks of his testimony say the plan would extend regulation for the first time to all trading in financial derivatives and to companies including large hedge funds and major insurers such as AIG. Joining us this morning to look at whether this will stop the next meltdown and whether lawmakers will pass the new regulation laws, are Dan Gross, senior editor at Newsweek and columnist for Slate and Philip Coggan, capital markets editor at The Economist in London.
The World is an independent newsroom. We’re not funded by billionaires; instead, we rely on readers and listeners like you. As a listener, you’re a crucial part of our team and our global community. Your support is vital to running our nonprofit newsroom, and we can’t do this work without you. Will you support The World with a gift today? Donations made between now and Dec. 31 will be matched 1:1. Thanks for investing in our work!