Some say we've turned a corner since the collapse of Lehman Brothers and that the financial industry is able to prevent another crash like the one suffered in 2008. But others, like Jeff Connaughton, aren't so sure that enough has been done. Connaughton is a former lobbyist, White House lawyer and Senate aide. He’s the author of “The Payoff: Why Wall Street Always Wins.”
Earlier this week the House Financial Services Committee approved several pieces of legislation which alter the portion of the Dodd-Frank financial reform law that deals with derivatives. Jeff Connaughton, a former investment banker, lobbyist, White House lawyer and Senate aide, talks about the state of Wall Street regulation. He's the author of The Payoff: Why Wall Street Always Wins.