Dec 01 Watch Barney Frank on Dysfunction in Congress: 'Blame James Madison' Massachusetts Rep. Barney Frank announced this week that he would not seek re-election next year after more than four decades in politics. Judy Woodruff and Frank discuss his legacy, his decision to retire, the U.S. housing crisis, Europe's ongoing debt… Continue watching
Nov 28 Rep. Barney Frank Announces Plans to Retire By James Melia File photo by Mark Wilson/Getty Images Updated 2:45 p.m. ET| Longtime Rep. Barney Frank, D-Mass., announced Monday he will not seek re-election in 2012, ending a career that stretched more than three decades fighting for liberal causes. Frank revealed his… Continue reading
Jul 01 Joseph Stiglitz, Barney Frank Respond to 'Reckless Endangerment' Allegations By Elizabeth Shell Friday on the NewsHour, New York Times finance specialist Gretchen Morgenson and co-author Josh Rosner, a longtime housing analyst, talk about their new bestseller, "Reckless Endangerment" (no. 17 on the Times list this week). The book is a sustained indictment… Continue reading
Jul 01 Joseph Stiglitz, Barney Frank Respond to 'Reckless Endangerment' Allegations By Paul Solman Friday on the NewsHour, New York Times finance specialist Gretchen Morgenson and co-author Josh Rosner, a longtime housing analyst, talk about their new bestseller, "Reckless Endangerment" (no. 17 on the Times list this week). The book is a… Continue reading
Oct 28 Bill: Biggest Firms Would Fund Future Rescues By Dave Gustafson The U.S. government would be given broad new powers to shrink financial firms deemed "too big to fail" and shift the cost of rescuing troubled companies from taxpayers to other large firms, according to draft legislation released Tuesday. Continue reading
Jul 24 Watchdog Role at Center of Regulator Showdown Three federal government officials charged with reforming the U.S. financial system testify Friday in front of the House Financial Services committee who should become the nation's top consumer watchdog. Continue reading
Mar 26 Geithner Details Plan for Major Regulation Reform By PBS News Hour Telling lawmakers that the U.S. financial system has grown "too unstable and fragile," Treasury Secretary Timothy Geithner rolled out the Obama administration's plans Thursday for a massive overhaul of the government's financial oversight role. Continue reading
Mar 16 Watch Obama, Congress Blast AIG Plans for Employee Bonuses AIG plans to pay millions in worker bonuses, a move that has angered lawmakers who have given the insurer bailout billions. Lawmakers weigh the options in dealing with AIG. Continue watching
Mar 16 Obama Cites 'Outrage' Over AIG Bonuses By PBS News Hour President Barack Obama said Monday that he intends to stop American International Group from paying out millions in executive bonuses, as concern intensified over the insurance giant's handling of federal rescue money. Continue reading
Sep 29 Watch House Defeats Wall Street Rescue Plan A controversial $700 billion Wall Street rescue bill backed by Congressional leaders and the Bush administration failed to pass in the House of Representatives Monday. Kwame Holman reports on the dramatic day on Capitol Hill. Continue watching