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.
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.
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.
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).
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.
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.
Tuesday, February 26, 2013
By Daniel P. Tucker : Associate Producer, WNYC News
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.
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?
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.
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.”
Wednesday, January 09, 2013
(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.
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.
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.
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."
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.
Tuesday, October 09, 2012
By Ilya Marritz
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.
Tuesday, August 14, 2012
By Ilya Marritz
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.