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Economy: Government Overhaul #888997

CBS Evening News for Monday, Mar 31, 2008
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(Studio: Katie Couric) The government plan to overhaul how financial institutions are monitored introduced.

(Studio: Anthony Mason) The proposal from Secretary of Treasury Henry Paulson for the Federal Reserve to be Wall Street's "super cop" when the financial system is threatened examined; details given about three regulatory agencies: the Fed, a super banking regulator and for consumer protection. [PAULSON - says the Fed would have broad powers.] [University of Maryland Michael GREENBERGER†- uses a Titanic analogy for Paulson's moves.] [Wall Street historian Charles GEISST†- says the proposal addresses it after the fact.] [Former Secretary of Treasury Lawrence SUMMERS†- says it will take a long time.]

Reporter(s):
Couric, Katie;
Mason, Anthony
Duration:
00:02:50

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