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Ex-GOP Strategist: Wall Street Needs Parole Officer

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Ex-GOP Strategist: Wall Street Needs Parole Officer

Economy

Ex-GOP Strategist: Wall Street Needs Parole Officer

Ex-GOP Strategist: Wall Street Needs Parole Officer

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  • <iframe src="https://www.npr.org/player/embed/95720331/95720305" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">
  • Transcript

The Bush administration is moving forward with the financial bailout plan. Kevin Phillips, a former Republican strategist now known for his scathing criticisms of Republican policy, tells Renee Montagne that Wall Street needs not only a rescue, but also a parole officer — and it should not be Treasury Secretary Henry Paulson.