Apr 22 Summers on Importance of Financial Oversight, Curbing ‘Too Big to Fail’ By News Desk After President Obama spoke in New York City on Thursday about "common sense, reasonable" solutions to the problems that led to the financial crisis, correspondent Jeffrey Brown sat down with Lawrence H. Summers, the director of the National… Continue reading
Apr 22 Obama: Reforms Would Put an End to Taxpayer Bailouts By Carolyn O'Hara _pap_embed_custom('news01s3e9cqe7c',482,304,""); President Obama traveled to New York City Thursday to deliver a speech outlining his goals for financial reform. As legislation rewriting the rules of Wall Street works its way through the Senate, Mr. Obama had tough words for the… Continue reading
Apr 22 Watch Obama Asks Wall Street for Reform Support as Senate Battle Looms President Obama admonished Wall Street for fighting financial reforms as the Senate prepares to consider new regulations for the country's financial system. Judy Woodruff reports on reactions in the financial community. Continue watching
Apr 21 Watch Financial Reform Gets Bipartisan Boost in Derivatives Rule Vote Lawmakers moved closer to passing sweeping reform of the financial system as a Senate panel approved new regulations for the complex derivatives market with the backing of GOP Sen. Charles Grassley of Iowa. Jeffrey Brown talks to experts about derivatives… Continue watching
Apr 20 Congress Grills Regulators, Executives at Lehman Brothers Hearing Federal regulators and former executives from Lehman Brothers faced renewed criticism from lawmakers in the House on Tuesday during a hearing examining the policy implications of the investment bank's collapse in September 2008. Some of the toughest criticism… Continue reading
Apr 20 Watch Lawmakers Dissect Lehman Brothers Collapse, Weigh New Financial Rules Former Lehman Brothers executives and financial regulators faced tough questions in a House hearing over the firm's bankruptcy at the start of the financial meltdown. Kwame Holman reports on the congressional hearings over the collapsed investment firm. Continue watching
Apr 19 Watch Fraud Charges Feed Financial Reform Debate With the SEC filing a civil charge against Wall Street powerhouse Goldman Sachs, accusing it of defrauding investors, Jeffrey Brown speaks with University of Maryland law professor Michael Greenberger and attorney John Singer about the fallout for the firm and… Continue watching
Apr 16 Watch Goldman Sachs Could Face Sanctions, Fines After SEC Fraud Charge The SEC charged powerful investment bank Goldman Sachs with defrauding investors in the runup to the subprime mortgage crisis. Jim Lehrer talks to a Washington Post reporter about the charges. Continue watching
Apr 16 Watch Shields and Brooks on Changing Political Landscapes in Florida, U.S. Columnists Mark Shields and David Brooks sort through the top political stories of the week, including the competitive GOP Senate primary in Florida, whether anyone will run as a moderate this year and the outcome of the Washington nuclear summit. Continue watching
Apr 14 Obama Calls for More Control Over Financial Derivatives President Obama called Wednesday for more oversight of derivatives -- the financial products that helped sink insurance giant AIG -- when he met with Congressional leaders Wednesday at the White House to push for financial reform legislation. Continue reading