CBS Exposes the Commodity Futures Modernization Act

OK, it's eight years too late, but Steve Kroft does a good job in the first fifteen minutes of last night's 60 Minutes talking about the havoc that the Commodity Futures Modernization Act wreaked upon the world. Remember, we will also be faced with a lame-duck Congress after the election. Who knows what they could get into?


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This is a good complement to the episodes of This American Life, produced by Cincinnati native Alex Blumberg, where the financial crisis is explored in detail:

• The Giant Pool of Money
• Another Frightening Show About the Economy