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Michael Lewis & Bethany McLean: Is Wall Street Clean?

After the financial crash and bailouts and commissions, did we clean up Wall Street? We ask Michael Lewis and Bethany McLean.

A pair of traders work on the floor of the New York Stock Exchange, Jan. 28, 2011. (AP)

A big federal report came out last week on the 2008 financial meltdown that blew up the American economy. The report got rolled over by Egypt news, but its issue is still wrapped around all of our necks.

The meltdown was avoidable, it said. And if we don’t recognize that and act differently, it will happen again.

So, has Wall Street really changed?

Michael Lewis wrote Liar’s Poker and The Big Short. He’s with us. Bethany McLean uncovered Enron and co-authored the not new All the Devils are Here: The Hidden History of the Financial Crisis. She’s here, too.

We look at Wall Street now.

-Tom Ashbrook

Guests:

Michael Lewis, award-winning author, financial journalist, and contributing editor to Vanity Fair. His best-selling book about the financial crisis, The Big Short: Inside the Doomsday Machine, is out in paperback.

Bethany McLean, contributing editor to Vanity Fair and a contributor to Slate magazine. She’s co-author, with Joe Nocera, of All the Devils Are Here: The Hidden History of the Financial Crisis. She also is a former editor-at-large and columnist at Fortune magazine, where she broke the story of corrupt business practices at Enron.

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Poet Malcolm London. (Courtesy Malcolm London)

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Poet Malcolm London. (Courtesy Malcolm London)

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Kaname Hayashi, a project leader of Humanoid Robots "Pepper," talks with the robot at SoftBank Mobile shop in Tokyo, Friday, June 6, 2014. The cooing, gesturing humanoid on wheels that can decipher emotions has been unveiled in Japan by billionaire Masayoshi Son who says robots should be tender and make people smile. (AP)

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