Banks and the bailout
Despite an infusion of $700 billion, the nation's biggest banks are still not lending, and their losses are mounting. Yet they still found money for million dollar bonuses and corporate jets. Meantime, many smaller banks are frustrated by their inability to tap into TARP funds. Now President Obama and his advisors are weighing their next options to save the banks.
- David Cho: reporter for the Washington Post.
- Lakshman Achuthan: managing director of the Economic Cycle Research Institute.