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Financial Reform

The Leonard Lopate Show

Paul Krugman Says Recent Spending Bill Was "Designed to be Eye-Glazing"

Thursday, December 18, 2014

The Nobel-winning economist on how the bill hid some surprise rollbacks to 2010 Wall Street reforms, and what it means for our financial future.

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The Takeaway

Five Years After the Collapse, The Debate Over Financial Regulation Rages On

Thursday, September 12, 2013

Some say we've turned a corner since the collapse of Lehman Brothers and that the financial industry is able to prevent another crash like the one suffered in 2008. But others, like Jeff Connaughton, aren't so sure that enough has been done. Connaughton is a former lobbyist, White House lawyer and Senate aide. He’s the author of “The Payoff: Why Wall Street Always Wins.”

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The Takeaway

Five Years After the Financial Collapse, Is the Economy Still at Risk?

Monday, September 09, 2013

Five years ago this month, global markets were stunned when Lehman Brothers collapsed. Anat Admati is the author of “The Bankers’ New Clothes” and a professor of finance and economics at Stanford’s graduate school of business. She discusses the climate that led to Lehman’s collapse and the security of the financial system today.

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The Takeaway

How Do Banking Regulations Get Written?

Friday, May 25, 2012

Earlier this month, JPMorgan disclosed that it lost at least $3 billion in trading as a result of sheer mismanagement. The news ignited a fresh debate on financial regulation – specifically on the Volcker rule, a measure Dimon had vocally opposed. Yet it's not certain the final Volcker rule would prohibit the kind of trades that led to JP Morgan's losses. So how are banking regulations written in the first place?

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The Takeaway

Michael Kirk on "Money, Power and Wall Street"

Monday, April 23, 2012

Three years after America's largest financial collapse since the Great Depression, the country is still recovering. Some banks have received huge bailouts, but countless Americans are still struggling to get back on their feet. A new four-hour documentary, "Money, Power and Wall Street" investigates what has been done (and not done) to secure America's financial future. Michael Kirk is one of the producers of "Money, Power and Wall Street," which will premiere on Frontline April 24 and May 1 on your local PBS station.

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The Brian Lehrer Show

Goldman Sachs and Wall Street's Culture Problem

Thursday, March 15, 2012

Josh Brown, financial advisor aka The Reformed Broker, and author of Backstage Wall Street: An Insider’s Guide to Knowing Who to Trust, Who to Run From, and How to Maximize Your Investments, to discuss the ripple effect of yesterday's New York Times op-ed by Greg Smith "Why I'm Leaving Goldman Sachs".

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The Leonard Lopate Show

Exile on Wall Street

Monday, November 28, 2011

Wall Street analyst Mike Mayo, who worked at six Wall Street firms, analyzing banks and protesting against bad practices for two decades, discusses the role of finance and banks in the US. In Exile on Wall Street: One Analysts Fight to Save Big Banks from Themselves   he lays out practices that have harmed capitalism and the banking sector and reveals the inner workings of the big banks. He also analyzes the fallout from the market crash, points out the holes that remain in the system, and offers practical solutions.

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It's A Free Country ®

Frank Rich on Occupy Wall Street, the Tea Party, and Class Warfare

Wednesday, October 26, 2011

Let's call a spade a spade here. We do have a class war. It involves the right and the left. It involves...a large group of Americans who feel disenfranchised, dissed, getting the short end of the stick and the only question, it seems to me, between the right and left is who they blame for it.

Frank Rich, New York Magazine columnist, on The Brian Lehrer Show.

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The Takeaway

This Week's Agenda: Dodd-Frank Anniversary, Consumer Financial Protection Bureau Launches, and Gay Marriage in New York

Monday, July 18, 2011

This week marks the one-year anniversary of President Obama signing the Dodd-Frank Wall Street Reform Bill into law. A key component of that bill was the establishment of a Consumer Financial Protection Bureau (CFPB), which will open its doors on Thursday. Yesterday, Obama announced Elizabeth Warren — the progressive icon who was charged with setting up the CFPB — will not be heading the new agency. In other news, the first legal same-sex marriages will take place in New York next weekend, and the nation's biggest banks will release their latest quarterly earnings statements.

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It's A Free Country ®

Is Bank Regulation Excessive, or Necessary?

Monday, June 20, 2011

If you make these capital standards high enough and burdensome enough, then firms aren't going to grow larger. If you know that you have to hold a lot more capital because you have some risky assets, you might think twice about holding those assets.

Deborah Solomon, financial policy writer for The Wall Street Journal, on The Brian Lehrer Show.

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The Takeaway

Financial Reform: Dodd-Frank Bill Lags Behind Schedule

Tuesday, June 07, 2011

It's been almost a year after Congress passed the Dodd-Frank financial regulatory law and many of the legislation’s rules are behind schedule. Regulators have extended the comment periods on the rules under pressure from Wall Street and Congress. "You have a lot of people on Wall Street who are concerned that they need lots of time to put rules in effect," says Louise Story, Wall Street and finance reporter for The New York Times. However, "the longer it takes for the regulations to go into effect, the longer the banks have to make money off of the derivatives." She details the need for the bill and the cause of the delays.

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The Leonard Lopate Show

The Big Picture: The Economy

Wednesday, October 20, 2010

Joseph Stiglitz, winner of the Nobel Prize in economics, joins us for this week’s edition of our election series The Big Picture, to discuss the major issue of the midterm elections: the state of the economy. He’ll look at how the recession has played out, the economic solutions being debated on the campaign trail, and what policy changes would lift the country out of its economic slump. His latest book, Freefall: America, Free Markets, and the Sinking of the World Economy, has just been published in paperback.

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It's A Free Country ®

Chris Dodd on the Dems' Rough Year

Wednesday, October 13, 2010

Time and time again, historically, doing the right thing was not always the popular thing to do. I happen to believe that regarding healthcare and financial reform, we did the right thing in both cases, and history will record that.

- Chris Dodd, Democratic Senator from Connecticut, on The Brian Lehrer Show.

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The Leonard Lopate Show

Wall Street and Washington

Wednesday, September 22, 2010

Former Newsweek reporter Michael Hirsh, now at the National Journal, explains why presidents, from Ronald Reagan through Barack Obama, have put Wall Street before Main Street. In his book Capital Offense: How Washington's Wise Men Turned America's Future Over to Wall Street, he looks into how that preference has caused numerous economic crises around the world.

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The Leonard Lopate Show

Jeffrey Toobin on Chuck Schumer

Thursday, July 29, 2010

New York senator Chuck Schumer, who sits on both the Finance Committee and the Banking Committee, has a reputation as a principal voice for Wall Street in Washington. New Yorker staff writer Jeffrey Toobin discusses why Mr. Schumer was nearly silent this summer, when his colleagues passed the most comprehensive overhaul of securities legislation in more than a generation. Jeffrey Toobin’s article, “The Senator and the Street” appears in the August 2nd issue of The New Yorker.

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The Brian Lehrer Show

Anthony Weiner on Financial Reform and Energy Bill

Friday, July 23, 2010

The House passed an energy bill last year, and yesterday the Senate abandoned their version. U.S. Representative Anthony Weiner (Democrat, District 9) weighs in on this and other Congressional news.

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WQXR News

Obama Signs Financial Regulatory Bill

Wednesday, July 21, 2010

The bill is being called the most sweeping overhaul of financial regulations since the Great Depression.

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The Takeaway

The Challenges of Implementing the Financial Reform Bill

Friday, July 16, 2010

Almost two years after the financial meltdown that triggered a recession, Congress has passed a sweeping a financial reform law. The Senate approved the bill with a 60-39 vote yesterday, largely along party lines. The bill now awaits President Obama's signature. Takeaway Washington correspondent, Todd Zwillich, reports on how regulators now have their work cut out for them.

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WQXR News

Senate Approves Financial Overhaul Bill

Thursday, July 15, 2010

The Senate has approved the president's financial overhaul bill, in a vote of 60-39.

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The Brian Lehrer Show

What's Next for Financial Reform?

Thursday, July 15, 2010

As a final Senate vote nears, contributor to Slate.com's Big Money Heidi Moore and WNYC business and economics editor Charlie Herman talk about the future of financial reform.

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