Daniel Gross


Daniel Gross appears in the following:

Revamping regulations

Thursday, March 26, 2009

Treasury Secretary Tim Geithner is heading to Capitol Hill this morning to outline a sweeping overhaul of federal financial regulations. Early leaks of his testimony say the plan would extend regulation for the first time to all trading in financial derivatives and to companies including large hedge funds and major insurers such as AIG. Joining us this morning to look at whether this will stop the next meltdown and whether lawmakers will pass the new regulation laws, are Dan Gross, senior editor at Newsweek and columnist for Slate and Philip Coggan, capital markets editor at The Economist in London.

"It's like we're always fighting the last regulatory war, trying to stop the last bubble from happening again. And, of course, they always find a way to create something new."
—Dan Gross, senior editor at Newsweek, on economic regulation


Confidence Game

Tuesday, March 24, 2009

Daniel Gross, senior editor at Newsweek, Slate columnist and the author of Dumb Money: How Our Greatest Financial Minds Bankrupted the Nation (Free Press, 2009), talks about AIG, public-private toxic asset purchases, the rebounding Dow, and the elusive pursuit of public confidence.

Comments [39]

Money doesn't grow on trees

Friday, March 20, 2009

The Federal Bank’s latest move to inject $1 trillion into the economy has created quite a stir this week. But what does it mean when the bank of all banks creates money from what some may see as “thin air”? Many may ask where does money come from anyway? Since the 1970s U.S. currency is not measured against the gold standard, so how do we measure it these days?

Helping us to decipher what this all means is Dan Gross, columnist at Newsweek and Slate and author of the new book, Dumb Money: How Our Greatest Financial Minds Bankrupted the Nation. He joins us today from WSHU in Connecticut.

Want to see how money is really made? Here's a clip from Modern Marvels:


February 2009 unemployment rate jumps to 8.1 percent

Friday, March 06, 2009

Unemployment numbers just came out and they tell a dismal story. The jobless rate jumped to 8.1 percent in February 2009. That's the highest level in more than 25 years. American payrolls shrunk by 651,000 workers.

Newsweek senior editor Daniel Gross, author of the new book Dumb Money: How Our Greatest Financial Minds Bankrupted the Nation, parses the numbers.

The U.S. Bureau of Labor Statistics has more details and numbers.

"The government is the employer of last resort and it's holding steady. That's the only piece of good news I can find."
— Dan Gross, senior editor at Newsweek, on the unemployment numbers

Comments [1]

AIG's $62-billion loss highlights change from life insurance company to toxic asset holder

Monday, March 02, 2009

Markets opened lower this morning after news that the federal government is bailing out insurance giant AIG for the fourth time. The announcement came on the heels of AIG posting a $62 billion loss, the biggest quarterly loss in history. Our friend Dan Gross from Newsweek joins us to discuss the implications of this new $30 million taxpayer-funded bailout. He just wrote Dumb Money: How our Greatest Financial Minds Bankrupted the Nation.


Stimulus Bill Reaction

Wednesday, February 04, 2009

Daniel Gross, senior editor at Newsweek and Slate contributor, and Jonathan Allen, reporter for, talk about the senate stimulus bill. Question of the Day: What do you think the CEO cap should be? Comment below!

Comments [76]

The Dow tanks on Inauguration Day

Wednesday, January 21, 2009

What a way to start an administration. As if things weren't bleak enough already, even as President Obama was giving his inauguration speech, the Dow was plunging, taking its biggest slide ever on an Inauguration Day. Despite billions funneled to the banking system by the federal government, that's where the crisis in the economy remains rooted. How are we going to get out of this mess? Newsweek's Dan Gross give his insights on the possible ways for the new President to get things under control, and how long we can expect troubled times to continue.


The shrinking of Citigroup

Wednesday, January 14, 2009

Despite a massive bailout back in November, giant financial services conglomerate Citigroup is considering radical measures to save itself. The company is likely to sell off its brokerage unit to Morgan Stanley, and may shed other parts of its business as well. Newsweek Senior Editor Dan Gross joins us with a look at what the shrinking of Citigroup says about our economy now and in the future.


Despite pledges of transparency, the bailout remains opaque

Wednesday, December 24, 2008

Treasury and the Fed said they would be open about where the taxpayers' trillions of dollars are going. But two months into the bailout, we still don't know important details about the government's agreements with financial institutions. Newsweek's Daniel Gross tells The Takeaway what information is being kept under wraps, and why it matters.
"Who in Washington is going to stand up and get red in the face and scream about this?"
— Dan Gross on the secrecy of the bailout


The U.S. car industry: Not just Detroit anymore

Tuesday, December 16, 2008

Foreign carmakers have constructed massive plants in the South that now produce one-third of all cars manufactured on our shores.
"A lot of these Southern senators don't see the Big Three as their constituents, but they do see Toyota, Honda, BMW and Mercedes as their constituents."
— Newsweek's Daniel Gross on why Southern senators vote against the auto bailout


Bernanke may go beyond zero

Tuesday, December 16, 2008

Zip. Zilch. Nada. Goose-Egg. The result of a series of meetings the Fed is holding this week may result in Chairman Ben Bernanke lowering the interest rate to 0%. But what is a Fed Chairman to do when there are longer rates to cut? How do you keep the economy rolling and have we ever seen this before? Joining The Takeaway to discuss this brave new world is Vincent Reinhart, the former director of monetary affairs for the Federal Reserve and a resident scholar at the American Enterprise Institute.


Unemployment at 6.7%--and that's a lagging indicator

Friday, December 05, 2008

And the leading indicators aren't looking any better.
"They have to bang some heads together and say this is what's going on — these are the systemic problems we've been having. There has to be some kind of grand bargain here."
— Daniel Gross on economic solutions


Ethical subprime mortgages

Monday, November 17, 2008

"They say 'We have a double bottom line.' They are concerned about the community and concerned about making profits."
--Daniel Gross on ethical subprime lending


Paulson Speaks

Wednesday, November 12, 2008

Live coverage of Treasury Secretary Henry Paulson's remarks on the financial bailout plan with analysis by Daniel Gross, senior editor of Newsweek and Slate columnist. What do you think: How is Paulson managing the distribution of the $700 billion package? Comment below!

Comments [21]

Jobs numbers

Friday, November 07, 2008



Wednesday, October 29, 2008


Massive Bailout

Monday, September 22, 2008

Daniel Gross, senior editor at Newsweek and Moneybox columnist for Slate, talks about the $700 billion bailout proposal.

Stephen Moore, editorial board member for the Wall Street Journal, talks about why he's anti-bailout.

Should Congress approve the measure? Comment below!

Comments [119]

First Responders

Tuesday, September 16, 2008

Daniel Gross, columnist for Slate and Newsweek, looks at how John McCain and Barack Obama are responding to this week's financial troubles.

Comments [16]

Economic Wrap-Up

Friday, September 12, 2008

Daniel Gross, columnist for Slate and Newsweek, forecasts a bleak future for banking giant Washington Mutual, and talks about other top stories in economic news.

Comments [11]

Le Grand Bank Fraud

Monday, January 28, 2008

Daniel Gross, a business columnist at Slate and Newsweek magazine, breaks down the Societe Generale bank scandle. At a loss of $7.1 Billion, its the single biggest fraud ever precipitated by a single trader.

Comments [5]