As the Financial Crisis Inquiry Commission continues hearings on Capitol Hill this week, so does the debate over regulation. The head of the Congressional Oversight Panel for the Bank Bailout, Elizabeth Warren, called for sweeping regulation on the show yesterday. Today, we a get a response from the industry.

Treasury Secretary Timothy Geithner defended his extension of TARP on Thursday, saying it will help fight foreclosures and increase lending for small businesses.  But many banks have already paid back the bulk of their TARP money: Bank of America returned the entirety of its bailout funds on Wednesday, and Citigroup is playing catch-up, trying hard to get out from under government ownership by repaying $45 billion of TARP money.  We speak with Andrew Ross Sorkin, chief acquisitions and mergers correspondent for The New York Times and author of "Too Big to Fail: The Inside Story of How Wall Street and Washington Fought to Save the Financial System - and Themselves." We also hear from Richard Bove, an analyst with Rochedale Securities in Lutz, Florida, on whether the paybacks mean the economic crisis is over, or just that banks want out of the program's regulation.

This morning, President Obama will nominate Federal Reserve Chairman Ben Bernanke to a second term.  The President will do so during an appearance at Oak Bluffs School on Martha’s Vineyard, where the First Family is vacationing this week. Joining us to talk about Bernanke's performance during the current economic crisis is our friend Dan Gross, columnist at Newsweek and Slate and author of the book "Dumb Money," as well as Richard Bove, banking equities analyst and a Vice President at Rochdale Securities.