Enron and $4 a gallon gas. Record recalls of tainted food and deadly toys. And now, a credit crisis that threatens the global economy and the financial future of every American family. What do these debacles all have in common? They are the results of the reckless economic policies of the Bush Administration and the radical theory that unchecked markets can solve every problem.
As the nation’s leaders work to contain the gravest threat to America’s economy since the Great Depression, Senator Dick Durbin looks at how the credit crisis evolved and how to restore stability and accountability to the marketplace. He will also outline a new proposal to protect consumers – not just CEOs and big investors – from excessive financial risk in the markets.