Read an excerpt from ‘Crashed’ on how the financial collapse shook the world
"Within weeks its impact would be felt on factory floors and in dockyards, financial markets and commodity exchanges around the world," author Adam Tooze writes in his new book, "Crashed."…
Column: This innovation could lead to the next financial crisis
In 1987 it was portfolio insurance; for the Great Recession in 2008 it was securitization. The obvious candidate for the next crisis is Exchange-traded funds, or ETFs.
Should the government label companies as ‘too big to fail’? MetLife asks court to hold off on ruling
MetLife took the government to court in 2015 to appeal being labeled as "systemically important" — meaning its collapse could threaten the economy.
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After populist campaign, Trump assembles economic team of elites
President-elect Donald Trump’s proposed economic team suggests a preference for Wall Street veterans, in a reversal of his campaign promise to surround himself with establishment outsiders. Judy Woodruff speaks with David Wessel of The Brookings Institution about the “elite” appointments,…
It’s been a common theme this campaign season: Are our banks still too big to fail? Former treasury official Neel Kashkari and presidential candidate Sen. Bernie Sanders have both shared their concerns with the NewsHour. For another perspective on the…
As presidential candidates debate Wall Street regulation, an argument against big banks arose from an unlikely source. Former Goldman Sachs executive Neel Kashkari asserts banks that are “too big to fail” remain a serious threat to financial stability and must…
In our news wrap Thursday, Goldman Sachs agreed to settle long-running federal and state investigations regarding the company's mortgage practices leading up to the 20018 meltdown. Also, 10 more detainees, all from Yemen, have been released from the Guantanamo Bay…
In “Shaky Ground,” financial writer Bethany McLean takes a close look at mortgage-lending institutions Fannie Mae and Freddie Mac, and their role before, during and since the 2008 financial meltdown. She joins Jeffrey Brown to discuss the origin of the…
The Shanghai stock market has lost a quarter of its value in five days and the Chinese government has tried throwing everything it can at the problem. Paul Mason of Independent Television News reports.
