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WSJ Editor Defends 'Too Big to Fail' Banks - David Wessel

Complete video at: David Wessel , Wall Street Journal economics editor and author of In Fed We Trust, explains why some financial institutions are viewed as "too big to fail." Although these large institutions are inherently risky, Wessel believes they are necessary in a global economy. The question, he says, is how do we regulate them? ----- How did we find ourselves confronting the worst threat to the US economy since the Great Depression? Journalist David Wessel explains what the Federal Reserve did right and did wrong, where the economy stands now and where it is headed. - Commonwealth Club of California David Wessel is economics editor for The Wall Street Journal and writes the Capital column, a weekly look at the economy and forces shaping living standards around the world. He is responsible for overseeing coverage of the Fed and the Journals daily coverage of the macro economy, global trade and economic trends. He appears frequently on National Public Radio. His book, In Fed We Trust: Ben Bernanke's War on the Great Panic, will be published August 4, 2009. Previously, Mr. Wessel was deputy bureau chief of The Wall Street Journal's Washington bureau. David joined The Wall Street Journal in 1984 in Boston, and moved to Washington in 1987. In 1999 and 2000, he served as the newspaper's Berlin bureau chief.
Length: 02:15


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