President Obama has proposed sweeping changes to the regulation of the country's financial system. But do these changes actually address the root causes of our financial crisis? For one view, we turn to Eliot Spitzer, former Attorney General and Governor of New York. When he was Attorney General he made a name for himself suing companies like AIG for deception, fraud and boosting the company’s stock price. He also discusses his personal feelings at having to watch the unfolding crisis as a bystander and not as political leader.
"Rearranging the deck chairs does not fundamentally alter the fact that the regulators had the power over the past few years."
— Eliot Spitzer on financial reform