Streams

Episode #12

Could Dodd-Frank Prevent Another Financial Crisis?

« previous episode | next episode »

Friday, July 13, 2012

US President Barack Obama signs the Dodd-Frank Wall Street Reform and Consumer Protection Act alongside members of Congress, the administration and US Vice President Joe Biden U.S. President Barack Obama signs the Dodd-Frank Wall Street Reform and Consumer Protection Act alongside members of Congress, the administration and U.S. Vice President Joe Biden (Getty Images)

July 21 marks the two-year anniversary of the Dodd-Frank financial reform law, but the vast majority of the rules have yet to be finalized.

Those two years have seen no shortage of big bank scandals, many of them recent. Barclays admitted to manipulating the LIBOR interest rate. JPMorgan suffered a multi-billion trading loss. Commodities brokerage firm MF Global collapsed. Then this week, another brokerage firm, PFGBest, filed for bankruptcy, and $215 million in customer money appears to be missing.

Rana Foroohar of Time and Joe Nocera of the New York Times weigh in on whether Dodd-Frank would have prevented these snafus if it had already been in place and discuss how effective the law will be once all the rules are written.

Then, in this age of 24/7 email and information overload, how responsible should companies be for making sure their employees unplug and get some sleep? Should companies be responsible for their workers' health?

Plus, a look at what will make news in the weeks ahead.

Guests:

Rana Foroohar and Joe Nocera

Hosted by:

Jeff Greenfield
News, weather, Radiolab, Brian Lehrer and more.
Get the best of WNYC in your inbox, every morning.

Leave a Comment

Register for your own account so you can vote on comments, save your favorites, and more. Learn more.
Please stay on topic, be civil, and be brief.
Email addresses are never displayed, but they are required to confirm your comments. Names are displayed with all comments. We reserve the right to edit any comments posted on this site. Please read the Comment Guidelines before posting. By leaving a comment, you agree to New York Public Radio's Privacy Policy and Terms Of Use.