Financial Regulation & Regulatory Capture

(Photos by Robin Holland)

This week on the JOURNAL, Bill Moyers spoke with financial experts Simon Johnson and James Kwak about Wall Street's influence in Washington and their support for new financial regulation that might reduce the banks' power.

James Kwak explained why he and Johnson advocate for more financial regulation, including breaking up America's largest banks:

"It used to be maybe eight or nine banks. But what's happened over...