May 22 House OKs bill rolling back landmark Dodd-Frank banking rules By Associated Press Congress has moved to dismantle some key rules for banks that were installed to prevent a replay of the 2008 financial crisis. Continue reading
Mar 05 Opinion: How this Senate banking bill could open the front door to housing discrimination By Catherine Cortez Masto, Vanita Gupta Now is not the time for Congress to make it harder for state attorneys general to fill the void in consumer protection and civil rights enforcement that President Trump is creating. Continue reading
Feb 22 Watch 7:41 Documentary tells tiny bank’s David vs. Goliath story in 2008 financial crisis aftermath By PBS News Hour Only one bank was indicted in the aftermath of the 2008 financial crisis, and it was a very small one. The Oscar-nominated documentary "Abacus: Small Enough to Jail" tells the story of its prosecution for mortgage fraud and its ultimate… Continue watching
Nov 27 Watch 7:07 Consumer agency is banking cop for American families, says Sen. Warren By PBS News Hour Sen. Elizabeth Warren, D-Mass., says the law is clear when it comes to who should run the Consumer Financial Protection Bureau in the wake of the resignation of its director. Warren, who helped create the bureau under the Obama administration,… Continue watching
Jun 11 Watch 7:06 New film follows the only bank charged after financial crisis By Saskia de Melker, Melanie Saltzman A new documentary, "Abacus: Small Enough to Jail," tells the story of Abacus Federal Savings Bank, a small, family-run bank in New York City. Abacus was the only bank in the U.S. to face criminal charges after the 2008 financial… Continue watching
Jan 12 Watch 9:49 Is Obama’s economic legacy one of missed opportunity or success? By PBS News Hour What is President Obama’s economic legacy? Did his efforts to turn the country around after the 2008 financial crisis constitute a robust recovery, or too little, too late? Economics correspondent Paul Solman assembled a panel of economic experts to discuss… Continue watching
Apr 12 Watch Is Dodd-Frank missing some vital regulatory firewalls? By PBS News Hour Investment bank Goldman Sachs became this week the last big institution to settle with the federal government for its role in the 2008 financial crisis. But in an election cycle that has seen big banks under more scrutiny than ever… Continue watching
Oct 08 Watch 7:32 What it was like to head the Fed during the 2008 meltdown By PBS News Hour In “The Courage to Act,” former Federal Reserve chairman Ben Bernanke writes that the global economic collapse of 2008 could have resulted in a crisis akin to 1929 had he, his colleagues and policymakers around the world acted differently. He… Continue watching
Feb 03 Watch 6:55 Will S&P’s penalty for too-rosy mortgage securities ratings send a message? By PBS News Hour While not admitting wrongdoing, Standard & Poor’s Financial Services agreed to pay almost $1.4 billion to settle allegations by the Justice Department that credit ratings for high-risk mortgage securities mislead investors before the 2008 financial crisis. Judy Woodruff discusses implications… Continue watching
Jan 13 House GOP majority aims to soften financial overhaul law By Marcy Gordon, Associated Press WASHINGTON — The newly bulked-up Republican majority in the House is aiming to soften the bite of legislation that grew out of the 2008 financial crisis and put banks and Wall Street under the most sweeping rules since the Great… Continue reading