Privatizing PROFITS, Socializing LOSSES

Bill Moyers speaks to two well-versed voices — NEW YORK TIMES business and financial columnists Gretchen Morgenson and Floyd Norris — to discuss who wins and who loses in the financial turmoil. Their conversation ranges from the mortgages to derivative, the SEC to the Glass-Steagall Act.

Gretchen Morgenson is assistant business and financial editor and a columnist at the NEW YORK TIMES. She has covered the world financial markets for the Times since May 1998 and won the Pulitzer Prize in 2002 for her “trenchant and incisive” coverage of Wall Street.

Floyd Norris is the chief financial correspondent of THE NEW YORK TIMES and writes a weekly column for the financial section. He was named to that post in September 1999, after spending a more than a year as a member of The Editorial Board of The TIMES. He joined the paper in October 1988 as a financial columnist, a position he held until he joined the Editorial Board in May 1998.

Very Informative. Hope you find it interesting:

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