Former Citigroup Chairman John Reed explain to Bill Moyers how the lifting of Glass-Steagall led to creation of the creation of the megabank and sowed the seeds for the 2008 financial crisis. Reed eloquently explains how Wall Street has lost its way with excessive risk-taking and outsized bonuses and why policymakers should get tough with the financial services industry for the good of the economy and the American public.

Watch the video here