A financial reform bill passed in the House last week that increases regulation of financial firms, creates a consumer protection agency, and ensures more transparency in the derivative markets. The Senate is now drafting their own financial reform bill. Meanwhile, Obama met with some of the countries top bankers and Citigroup announced that it was going to payback the $20 billion bailout money at received. This hour, a discussion of financial reform and the role of federal regulation with a journalist and two economists — SHAWN TULLY of Fortune, PETER MORICI, University of Maryland, and ALEX POLLOCK of the American Enterprise Institute.
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