BoA, QE2, EU: What To Do?
Wednesday, June 29, 2011
Nicole Gelinas, contributing editor of the Manhattan Institute's City Journal and author of After the Fall: Saving Capitalism from Wall Street and Washington, and Simon Johnson, former chief economist of the International Monetary Fund and co-founder of the blog The Baseline Scenario, discuss some of the big economic stories in today's news. The Fed's program known as QE2 is coming to an end -- did it work? Bank of America is planning to pay $14 billion back to investors who lost money on mortgage deals gone bad -- is it enough? And what's going on in Greece, exactly?