Does Obamanomics Equal Change? [video 8 min 16 sec]

Wall Street responded well to the Bush administration’s latest bailout of giant bank Citigroup and to Barack Obama’s appointment of a financial team that draws heavily from the Clinton years.

But some of Obama’s key choices – Tim Geithner, current head of the New York Federal Reserve, and Larry Summers, former Treasury Secretary – had a hand in creating the crisis they now are asked to confront.

Economics historian Timothy Canova examines the role the old Clinton team played in the current crisis.