Nearly two years after the financial crisis began, Congress has reached a deal on legislation to reform the financial sector. Consumer advocates are celebrating some of the new rules spelled out in the 1,500 page bill — but many details still need to be worked out. What does the legislation mean for consumers? And does it have the power to prevent another financial meltdown?
Guests:
Michael Mandel, editor in chief of Visible Economy and former chief economist for BusinessWeek
Joseph Grundfest, former SEC commissioner, professor of law and business at Stanford Law School and co-director of the Rock Center on Corporate Governance
Rodney Brown, president and CEO of the California Bankers Association
Lauren Saunders, managing attorney for the Washington, D.C. office of the National Consumer Law Center
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