Ever since the 2008 financial crisis, we've heard story after story about bad behavior in the financial industry. In the most recent, bankers at Barclays were found to have rigged Libor, the London-based lending rate that is used throughout the world. The scandal led to the resignation of the former CEO of Barclays, Bob Diamond.
In response to losses at JPMorgan, lawmakers are citing the Dodd-Frank Act, which, if passed, would impose new rules for banks, including more transparency when it comes to risky trading. But are more regulations the answer? We talk to financial expert and author Terri Duhon.