After weeks of Republican stall tactics and filibuster threats, the Senate has finally opened debate on Senator Chris Dodd's financial regulatory reform bill. But the legislation has been on the floor of public opinion for months, and misperceptions and rumors about the bill abound. On this week's podcast, Washington editor Christopher Hayes debunks myths and discusses the bill's economic implications. Will it end bailouts? Or just reinforce a broken system? Get the answers on this week's The Breakdown.
Find out more about Rob Johnson's Institute for New Economic Thinking.
Read Jane D'Arista's 1991 Briefing Paper "No More Bank Bailouts" for the Economic Policy Institute.
The Washington Post offers a primer on the upcoming debate.