Just when you think the reputation of banks couldn’t get any worse, comes word that we ain’t seen nothing yet. As many as 20 banking institutions, including Barclays Bank, Deutsche Bank, Citigroup, and JPMorgan Chase, are reportedly under investigation for engaging in illegal and unethical practices to protect their profits at all costs—and let others pay for their mistakes. On this episode of Moyers & Company, financial expert Sheila Bair talks with Bill Moyers about the lawlessness of our banking system and the prognosis for meaningful reform. Bair was appointed in 2006 by President Bush to chair the FDIC. During the 2008 meltdown, she argued that in some cases banks should be sold off to healthier competitors instead of receiving bailouts. Now a senior adviser to the Pew Charitable Trusts, Bair has organized a private group of financial experts to explore ways to prevent the banking industry from scuttling reforms created by the Dodd-Frank Act. Broadcast date: July 13, 2012. (31 minutes)