A look back at the secretive, multi-trillion dollar U-S shadow banking system. Understanding the role unregulated derivatives played in the economic meltdown last year, and why some say the same risks remain unchecked today.

Guests

  • Michael Greenberger professor, University of Maryland Law School; director, Center for Health and Homeland Security; and former senior regulator, Commodities Futures Trading Commission.
  • Martin Baily is senior fellow in economic studies at Brookings Institution, former chair of the Council of Economic Advisors during the Clinton administration (1999-2001).
  • Greg Ip U.S. economics editor, "The Economist"

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