U.S. Bank CEO Richard Davis on banks and recovery Shortly after President Obama called bankers "fat cats" in a December 60 Minutes broadcast, he met with the heads of the largest banks. One of those bankers was Richard Davis, CEO of U.S. Bank who early on criticized the bailout program. Davis talks about how financial institutions have changed as a result of the economic crisis, and what he thinks of the new financial regulations proposed by President Obama.9:06 a.m.
Richard Davis: Chairman, president and CEO of U.S. Bancorp.
Legacy of the economic debacle Economist Joseph Stiglitz has a dim view of the future of the world's economic recovery unless a new way of thinking of markets takes hold. He argues that banks will continue to take risks that could lead to collapse unless the government works more actively to stop them.10:06 a.m.
Joseph Stiglitz: Nobel prize winner in economics and the author of several books. His latest is "Freefall: America, Free Markets, And the Sinking of the World Economy."