Wall Street

The Leonard Lopate Show

Why Wall Street Always Wins

Thursday, May 09, 2013

Earlier this week the House Financial Services Committee approved several pieces of legislation which alter the portion of the Dodd-Frank financial reform law that deals with derivatives. Jeff Connaughton, a former investment banker, lobbyist, White House lawyer and Senate aide, talks about the state of Wall Street regulation. He's the author of The Payoff: Why Wall Street Always Wins.

Comments [5]

The Leonard Lopate Show

Matt Taibbi on Manipulation of the Swap Market

Thursday, April 25, 2013

Matt Taibbi talks about the manipulation of the swaps market. The Commodity Futures Trading Commission recently subpoenaed brokers at the interdealer broker ICAP and bankers at 15 Wall Street institutions to find out if they colluded to manipulate the ISDAfix rate. ISDAFix impacts global borrowing costs as well as the price of $379 trillion interest-rate swaps, and other important benchmarks in the wake of the Libor rigging scandal.

Comments [18]

Money Talking

Money Talking: Assessing Mayor Bloomberg's Impact on the Economy

Friday, March 15, 2013

Over his 11 years as mayor of New York City, Michael Bloomberg has pushed for economic development, immigration reform, public health initiatives and gun control, among other issues. 


The Brian Lehrer Show

From Wall Street to Sports Betting

Friday, March 08, 2013

Joe Peta, Wall Street trader and sports bettor, tells how he took his hedge fund trading skills to sports betting and talks about his new book, Trading Bases: A Story About Wall Street, Gambling, and Baseball (Not Necessarily in That Order).

Comments [5]

The Brian Lehrer Show

Does the Record Dow Matter?

Wednesday, March 06, 2013

The Dow hit a record high yesterday, but other economic indicators show lower wages and diminished household wealth. Dan Gross, columnist and global business editor at Newsweek and the Daily Beast, discusses what numbers really describe the overall state of the new US economy, and who stands to benefit and get left behind.

Comments [30]

The Takeaway

Want to Give Back? Get a Job on Wall Street

Thursday, February 28, 2013

According to Oxford ethicist William MacAskill, the most effective route to "making a difference" in the world is not to work for a charity but to donate loads of cash instead. And the best way to do that? Get a job on Wall Street.

Comments [9]


Wall Street Bonuses and Profits Rose in 2012, Comptroller Says

Tuesday, February 26, 2013

Bonuses are up for workers on Wall Street, thanks to there being fewer of them.  A new report from the New York state comptroller finds that profits tripled and the number of employees is still smaller than before the financial crisis.


Selected Shorts

Selected Shorts: High Society

Sunday, February 24, 2013

Guest host Cynthia Nixon introduces two tales of avarice and pretension among the well-heeled and well-born.


Money Talking

Money Talking: Former FDIC Chairman Bair on Financial Regulation

Friday, February 22, 2013

President Obama did not mention Wall Street or financial regulation during his State of the Union address, so what does that mean for banking regulation during the president's second term?


The Leonard Lopate Show

Why Wall Street’s Leaders Escaped Prosecution

Tuesday, January 22, 2013

Frontline producer and correspondent Martin Smith talks about his investigation into why the U.S. Department of Justice has failed to act on credible evidence that Wall Street knowingly packaged and sold toxic mortgage loans to investors, loans that brought the U.S. and world economies to the brink of collapse. Frontline’s documentary “The Untouchables” includes interviews with top prosecutors, government officials and industry whistle-blowers, and reports allegations that Wall Street bankers ignored pervasive fraud when buying pools of mortgage loans. “The Untouchables” airs January 22, at 10 p.m., on PBS.

Comments [17]

The Leonard Lopate Show

Close Watch

Tuesday, January 22, 2013

On today’s show: Frontline producer Martin Smith describes his investigation into why the U.S. Department of Justice has failed to act on what many argue is credible evidence of crimes on Wall Street. Peter Yost talks about his NOVA documentary “Rise of the Drones,” about how robots are revolutionizing warfare. New Yorker writer Margaret Talbot tells us about the life and career of her father Lyle Talbot, a star during the early days of Hollywood. Plus, Aaron Neville on the release of his latest recording “My True Story.”

Transportation Nation

Dozens Injured in Lower Manhattan Ferry Crash

Wednesday, January 09, 2013

The hull of the Seastreak Wall Street catamaran ferry is visibly damaged after a docking accident. (Colby Hamilton/WNYC)

(WNYC Newsroom-- New York, NY) Emergency crews are at the Wall Street Pier responding to ferry accident that injured 30 to 50 people, according to police and fire officials. The Seastreak Wall Street catamaran ferry came from Highlands, New Jersey and struck a dock at Pier 11 during rush hour in lower Manhattan.

WNYC is covering the story; read more here. For the latest, follow @ColbyHamilton.

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Money Talking

Money Talking: Will the Fiscal Cliff Deal Spur Companies to Spend and Hire?

Friday, January 04, 2013

For years, we've heard that the markets hate uncertainty. Well, this week, we got some certainty. On Money Talking, Rana Foroohar and Joe Nocera weigh on whether the fiscal cliff deal will spur companies to start spending money and hiring.

Comments [1]

The Brian Lehrer Show

Preet Bharara on Justice

Monday, November 19, 2012

Preet Bharara, the U.S. Attorney for the Southern District of New York, discusses his role in prosecuting Wall Street crime and terror cases.


Comments [12]

It's A Free Blog

Opinion: The Skeptic's Case for Barack Obama

Monday, November 05, 2012

Ten words make the case for me: to quote Joe Biden, "Osama bin Laden is dead and General Motors is alive."

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Comments [4]

Money Talking

Money Talking: The Economic Impact of Sandy

Friday, November 02, 2012

Four days after Hurricane Sandy turned the New York metropolitan area on its head, estimates for the economic damage are coming in as high as $50 billion — making it one of the costliest storms on record.

Comments [2]

The Leonard Lopate Show

Greg Smith on Why He Left Goldman Sachs

Wednesday, October 24, 2012

Greg Smith, whose Op-Ed titled "Why I Am Leaving Goldman Sachs," published in the New York Times in March, hit a nerve and drew passionate responses from former Fed chairman Paul Volcker, legendary General Electric CEO Jack Welch, and New York City mayor Mike Bloomberg, tells his story. His new book Why I Left Goldman Sachs: A Wall Street Story, picks up where his Op-Ed left off. He describes his career at Goldman, detailing how the most storied investment bank on Wall Street went from taking iconic companies like Ford, Sears, and Microsoft public to becoming a "vampire squid."

Comments [13]

Money Talking

Money Talking: Wall Street CEOs and the Fiscal Cliff

Friday, October 12, 2012

As the November election approaches, lawmakers are spending more time campaigning and less time working to avoid the "fiscal cliff," the trigger set to send Americans' taxes higher and slash federal spending by more than a trillion dollars at midnight on December 31. WNYC's Money Talking, examines whether Wall Street executives still have the clout to spur Congress into making a deal.



A Rising Stock Market Lifts Only Part of Wall Street

Tuesday, October 09, 2012

While the giants of the securities industry are seeing their profits rise, the number of jobs on Wall Street has slipped, and employees can expect smaller bonuses at the year’s end, according to a report from New York Comptroller Tom DiNapoli.

Comments [1]


Paul Ryan, Wall Street and Taxes

Tuesday, August 14, 2012

If there's one thing the new Republican candidate for vice president, Paul Ryan, adds to this November’s election, it's a strong contrast with Democrats on the issues of wealth and taxation. With an unusually large number of both very rich and very poor people, it's a choice that will affect the pocketbooks of many New Yorkers.