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Financial Regulation

Money Talking

Answers to Questions about Bitcoin, Even Some You Didn't Even Know You Wanted Ask

Friday, January 24, 2014

Bitcoin. It's the latest tech "disruption" because if it's successful it could upend banks, Wall Street and good-old, cold-hard cash. But if it's not all about the Benjamins, then what's it all about?

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Money Talking

As Bitcoin Takes Off, Regulators Want In

Friday, January 24, 2014

It isn't traded on the New York Stock Exchange — not yet, at least — but it does have a brand new "center" just down the street. It's not backed by any government, but its growing popularity is prompting regulators to step in and ask if they should turn on the lights and pull back the punch bowl. It's the virtual currency "bitcoin," and it's coming to a digital wallet near you.

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Money Talking

CFTC Files Suit Against Former MF Global CEO John Corzine

Friday, June 28, 2013

The Commodity Futures Trading Commission filed a lawsuit Thursday against former MF Global CEO John Corzine over his role in the loss of $1 billion in customer funds when the brokerage firm collapsed in late 2011.

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The Brian Lehrer Show

UBS Admits to Fraud

Thursday, December 20, 2012

UBS has pled guilty to manipulating global interest rates, and will pay $1.5billion in fines. Liam Vaughan, Bloomberg UK finance reporter, discusses the case and the implications for financial regulation.

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The Brian Lehrer Show

Changes at the SEC

Tuesday, November 27, 2012

Neil Barofsky, former Special Inspector overseeing TARP and author of BAILOUT: An Inside Account of How Washington Abandoned Main Street While Rescuing Wall Street, talks about changes at the SEC and what it means for financial reform.

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The Takeaway

Regulators and British Bank Reach Settlement Over Money Laundering

Wednesday, August 15, 2012

Standard Chartered has agreed to pay $340 million — a paltry sum next to the total figure linked to the banks Iranian clients. Jessica Silver-Greenberg, a reporter for The New York Times, explains the significance of the settlement.

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The Takeaway

Fed Considers Moves to Lower Unemployment

Wednesday, August 01, 2012

The financial recovery is happening very, very gradually, and the Federal Reserve's policy-making committee predicted in June that without any changes in the organization’s behavior, unemployment would decrease by only a small margin in the second half of the year if, in fact, it decreases at all. 

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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 Leonard Lopate Show

Backstory: Matt Taibbi on JP Morgan Chase

Thursday, May 17, 2012

Matt Taibbi, Contributing Editor for Rolling Stone , joins us to talk about the recent $2 billion-plus loss at JP Morgan Chase and the state of Wall Street. Taibbi is the author of Griftopia: A Story of Bankers, Politicians, and the Most Audacious Power Grab in American History.

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WNYC News

JPMorgan CEO Says He Was 'Dead Wrong'

Sunday, May 13, 2012

Jamie Dimon, CEO of JPMorgan Chase, appeared on a Sunday morning talk show to continue damage control over a $2 billion loss the company suffered.

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The Takeaway

JP Morgan Chase Announces $2 Billion Loss

Friday, May 11, 2012

In a major hit for Wall Street, JP Morgan Chase disclosed a $2 billion loss on Thursday related to its credit investment portfolio. The trickle down effect could mean a loss of another $800 million in the second quarter for the bank’s Chief Investment Office. The Takeaway talks with Michael de la Merced, reporter for The New York Times' Deal Book.

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It's A Free Country ®

Warren Out as Head of Consumer Financial Protection Agency

Monday, July 18, 2011

The $64,000 question, so to speak, [is] exactly how effective it can be in changing the daily lives of Americans as it relates to finance.

Carter Dougherty, reporter for Bloomberg News, on The Brian Lehrer Show.

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WNYC News

Financial 411: A Year After Dodd-Frank, New Rules Behind Schedule

Tuesday, June 14, 2011

It's been nearly a year since President Barack Obama signed the Dodd-Frank Act into law. But many of the regulations required by the law are way behind schedule. What's causing the delays?

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The Leonard Lopate Show

Backstory: Debit Card Fee Vote

Thursday, June 09, 2011

The U.S. Senate voted yesterday to keep new rules on debit card fees that were a major part of the financial reform bill championed by the Obama Administration. The vote comes after months of intense lobbying from both sides. We’ll speak with Ben Hallman, staff writer for iWatch News, an online publication of the Center for Public Integrity.

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WNYC News

Financial 411: A Look at Madoff's Effect on Financial Regulations

Wednesday, April 27, 2011

We'll talk about Ponzi scheme mastermind Bernie Madoff's effect on financial regulations.

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The Leonard Lopate Show

Bernie Madoff and the Death of Trust

Wednesday, April 27, 2011

Diana Henriques, New York Times senior financial writer who’s covered the Madoff scandal since the story broke, gives a full account of Bernie Madoff and his $65 billion Ponzi scheme—from his Wall Street rise to the personal disasters and landmark legal battles triggered by his downfall—and looks at the lessons this scandal offers to Washington, Wall Street, and Main Street. The Wizard of Lies: Bernie Madoff and the Death of Trust draws on unprecedented access and more than 100 interviews with people at all levels and on all sides of the crime, including Madoff's first interviews for publication since his arrest.

The Wizard of Lies: Bernie Madoff and the Death of Trust

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It's A Free Country ®

You Take That Back! A Look at the Challenge of Repealing Federal Law

Tuesday, January 18, 2011

Republican leaders in Congress have started the debate about repealing the health care overhaul legislation, and plan to vote on the repeal on Wednesday. In advance of the vote, It's A Free Country takes a look at how other repeal efforts in American history have fared.

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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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The Takeaway

The Financial Regulatory Overhaul - What It Means For Banks, What it Says About Washington

Thursday, July 15, 2010

Today, after months of wrangling, the Senate is set to pass a bill that will completely change how the government regulates Wall Street and the banking sector. The legislation marks the first major overhaul of financial regulations since the 1930s.

But although there seemed to be general agreement that the financial sector was in dire need of an update, only three Republicans look ready to vote in favor of the bill. Is this major Democratic victory a sign that bipartisanship is dead in Washington? And how will Wall Street respond?

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The Takeaway

This Week's Agenda: Budget Deficit, Job Numbers, Pakistan Trial

Monday, February 01, 2010

We take a look at the week ahead in news with Marcus Mabry, international business editor for The New York Times, and Rob Watson, BBC political correspondent.  They look at President Obama's 2011 budget, the trial of five American terror suspects in Pakistan, and negotiations between the U.S. and Russia over nuclear arms reduction.

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