Unregulated Financial Instruments and the U.S. Economy

Unregulated Financial Instruments and the U.S. Economy

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.

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

Greg Ip

U.S. economics editor, "The Economist"

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).

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