Big banks & political power with Nomi Prins and Anthony Randazzo
The eight largest US banks will have to add as much as $68 billion in extra capital, in a move intended to help ‘too-big-to-fail’ banks withstand losses during periods of market stress. Erin brings you the details. Nomi Prins, author and senior fellow at Demos, talks about her new book ‘All the Presidents’ Bankers’, a deep look into the close interconnectedness between Washington and Wall Street. Anthony Randazzo, director of economic research at the Reason Foundation, gives a libertarian view of the banking system, regulation, and politics. For today’s Big Deal, Edward Harrison and Erin talk about the cooling temperatures in California…in the housing market.
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