Bill Moyers to Host Simon Johnson and Michael Perino

What to know a critical step in the economic recovery?

Bill Moyers Now tonight will host Simon Johnson and Michael Perino on the demand for a new Pecora Commission, an investigation into the causes of the great crash and depression demanded by an angry American public.

Much New Deal regulatory legislation was passed as a direct result of the findings of the Pecora Commission.

That's what's missing now, a full public accounting and understanding of what went wrong and why and where we going.

The Obama administration has addressed these concerns, but mostly in generalities and absent an indictment of the regulatory, structural and political failings, a pointing of fingers that it has apparently resolved to avoid.

Its efforts on transparency and accountability are welcome, seemingly sincere, but incomplete.

For genuine insights into what is happening and where we need to go on the political end of pointing fingers, watch Bill Moyers Now. One of Moyers' guest tonight is Simon Johnson who has written perhaps the best feature-length piece on the crisis in The Atlantic: The Quiet Coup (May 2009).