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March 12, 2009

The Last Financial Crisis

Leaders in Washington are still battling in public over how to bail out the banking industry, but the details over how loans will be negotiated on behalf of the taxpayers will likely be worked out behind the scenes.

In the late 1980s, Dave Iannarone had a sweet job at Citibank, but when the Savings and Loan crisis hit, he left that job to join the Resolution Trust Corporation - the government agency formed to deal with the failed banks. Dave talks with Dick Gordon about the excitement and pressure of representing the biggest client of all - the U.S. taxpayer. And what he sees as the government's role in managing the crisis we're in now.

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