John Howard, CEO of Irving Place Capital, was a panelist at The Deal's M&A Outlook 2009 conference. In this clip, Howard talks about what actions he would like to see the government take over the next year. Those actions include freeing up liquidity, helping consumer confidence and a possible auto bailout.
Concerning the auto bailout, Howard said, "This issue about the government bailing out the auto businesses. The point that was made before is that it is critical for our economy that this happen, but simultaneously the way those businesses are run has to change. How you do that as a government is a very tricky issue."
Dodd-Frank, the conventional wisdom goes, will prevent a repeat of the events of the 2008 just at the Securities Act of 1933 and the Securities Exchange Act of 1934 made U.S. securities markets safe for individual investors. Paul Mahoney offers another view of the similarity between Dodd-Frank and the New Deal legislation in his new book Wasting a Crisis: Why Securities Regulation Fails. More video