Paul Solman Reports on the Bank Fallouts: A Guide to the Past Four Years

BY News Desk  September 14, 2012 at 4:37 PM EDT

A pedestrian walks by the American International Group Inc. building in New York, on March 24, 2009. Photo by Gino Domenico/ Bloomberg via Getty Images.

On Friday’s show, the NewsHour takes a look at the state of the bank bailouts four years after the fall of Lehman Brothers and the Crash of ’08. Economics correspondent Paul Solman has been covering it all from the outset. Here is a guide to his bailout reporting.



2009

Good Bank vs. Bad Bank The problem of toxic bank assets, and a look at how the Swedes emerged from a similar financial crisis by cleaving their banks in two. Aired Friday, 2.6.09.

Where Does the Money Come From? How is the government coming up with the hundreds of billions of dollars promised for the economic stimulus and financial industry bailouts? Aired Tuesday, 3.17.09.

Clawbacks As anger and frustration mount over lavish pay packages of executives at bailed-out financial institutions, a look at the possibilities of getting at least some of that money back. Aired Friday, 4.10.09.

Bailing Out the Boardroom Personal gains vs. public losses. 4.10.09.

Bank Balance Sheets The role stress tests played in the government’s decision to let ten big banks pay the Treasury back for the money they received from the federal rescue. Aired Tuesday, 6.9.09.

Lehman Brothers One Year Later How Lehman Brothers – which had survived the Civil War, the Great Depression, two World Wars, and the attacks of 9/11 — went from storied Wall Street firm to catalyst of last year’s economic crisis. Aired Monday, 9.14.09.

Robert Glauber on Lehman’s collapse

Lehman lawyer Harvey Miller on Lehman’s collapse

Reflections on the financial crisis
Barry Schwartz, Richard Sylla

Steven Roach, Dean Baker, Thomas Palley, Glenn Hubbard

Simon Johnson and Dan Ariely

Sheila Bair The FDIC chair discusses lessons learned from the financial crisis. Aired Friday, 11.13.09

Seven Questions for Sheila Bair The FDIC chair answers questions solicited from NewsHour viewers and readers of the Business Desk
Posted 11.13.09

George Shultz: How Big is Too Big to Fail? Aired Tuesday, 12.15.09.



2010

Paul Krugman on Financial Reform. Posted 1.14.10

Richard Freeman on Wall Street Posted 1.19.10

Robert Kelly Are big banks good for the economy? The Obama administration is trying to rein in big banks, but Robert Kelly, chief executive officer of Bank of New York, says that’s a big mistake. Aired February 2, 2010.

David Stockman Reagan’s Budget Chief Offers a Gunslinger’s Defense of Obama’s Bank Reform Plans. Aired February 5, 2010.

Unveiling the Profit Puzzle at Goldman Sachs We examine the inner workings of investment powerhouse Goldman Sachs, and how it has been making record profits. Aired February 11, 2010.

Is Taxpayer Money Behind Record Profits at Goldman Sachs? Aired February 12, 2010.

Bill Black The former federal bank regulator talks fraud and the big bank getaway. Aired February 17, 2010.

William Isaac. The former FDIC chairman on Obama’s proposals to rein in big banks. Aired February 18, 2010.

Andrew Lo The MIT economist on his efforts to promote an NTSB-like agency that would investigate the causes of financial crises. Aired March 12, 2010.

Move Your Money? We explore the differences for consumers between small community banks and the “too big to fail” behemoths. Aired April 6, 2010.

Limited Purpose Banking. Economist Larry Kotlikoff explains why he believes that putting your money in small banks brings no guarantees of reform — and why he is a proponent of limited purpose banking, which would remove much of the risk from the banking industry. Posted April 6, 2010.

Simon Johnson, 13 Bankers Author and MIT economics professor Simon Johnson on how President Obama’s attempts to regulate financial firms compare to reform campaigns of past presidents. Aired 5.13.10.

Simon Johnson on Misleading Reform Messages The ever-eloquent and near-ubiquitous Johnson, on his recent brush with “identity theft” — and his anger at how corporate money is being used to mislead the public about the need for financial reform. Posted 5.13.10.

Conversation: Ben Friedman Three years into the financial crisis, graduates of top colleges continue to flock to Wall Street. Aired 6.4.10.

Boston Firm Offers Homeowners a Second Chance After Foreclosure For those who have lost a home they could have afforded at market rate, Boston Community Capital offers an avenue to regain ownership. BCC imposes strict regulations, but none of the 90 properties they have financed have defaulted so far. Aired 10.20.10.

Nonprofit Bank Buys Foreclosed Homes, Then Sells Them Back to Former Owners Elyse Cherry, CEO of Boston Community Capital, explains how and when BCC could be a reasonable alternative for homeowners who are in foreclosure. Posted 10.20.10.

Homeowners Express Frustration with Government Loan Modifications Aired 10.25.10

All the Devils Are Here: The Hidden History of the Financial Crisis Authors Bethany McLean and Joe Nocera on why the subprime crisis was never really about housing…and why the greatest devils of them all were the ratings agencies. Aired 11.18.10.



2011

Reckless Endangerment. New York Times finance specialist Gretchen Morgenson and co-author Josh Rosner, a longtime housing analyst, talk about their new bestseller. Aired 7.1.11

Barney Frank responds to Reckless Endangerment Posted 7.1.11

“Occupy Wall Street” Protests Give Voice to Anger over Greed, Corporate Culture We visit the budding protest movement’s base camp as its denizens prepare for a march through lower Manhattan with union members and students. Aired 10.5.11.



2012

Watchdog-in-Chief Richard Cordray Outlines Plan to Clean up Consumer Lending Paul quizzes the tough-on-crime former Ohio attorney general and former “Jeopardy” champ about his appointment’s legality, his plans to police financial firms and some Bible trivia. Aired 1.23.12

New Consumer Watchdog Makes First Appearance on Capitol Hill Richard Cordray, the new federal consumer watchdog, visited Capitol Hill Tuesday and defended the Obama administration’s agenda to skeptical Republicans. Aired 1.24.12.

Jamie Dimon Testifies Before Senate on JP Morgan Chase’s Big Losses: Blip on Radar, or Systemic Risk? Aired 6.13.12

Bailout Neil Barofsky, author of the new book “Bailout,” about his role as the former TARP Special Inspector General. Aired 8.2.12

Neil Barofsky on Drug Lords and Mortgage Fraud Posted 8.7.12

Neil Barofsky on the Corrupting “Elixir of Power” Posted 8.8.12

Neil Barofsky on “Foaming the Landing” for Banks Posted 8.9.12

Neil Barofsky Lauds Barney, Blasts Dodd-Frank Posted 8.10.12

This entry is cross-posted on the Making Sen$e page, where correspondent Paul Solman answers your economic and business questions