Dec 09 Watch 2:45 Trump picks Goldman Sachs president to head National Economic Council By PBS News Hour Baton Rouge, Louisiana, was for the third stop for President-elect Donald Trump’s “Thank you” tour. He used it to stump for the state's Republican Senate candidate, who faces a runoff on Saturday. Also, the Trump team announced that Rep. Cathy… Continue watching
Dec 09 Trump expected to tap Goldman Sachs banker for White House economic post By Ken Thomas and Josh Boak, Associated Press President-elect Donald Trump is expected to name Goldman Sachs president Gary Cohn to an influential White House economic post, two people informed of the decision said Friday. Cohn would lead the White House National Economic Council, a posting that would… Continue reading
Dec 08 Watch 8:29 Does a Wall Street Cabinet discredit Trump’s Main Street message? By PBS News Hour From the early days of his campaign, one of Donald Trump's rallying cries was to “beware of Wall Street.” But the president-elect’s Cabinet picks of Steve Mnuchin and Wilbur Ross are stalwarts of the financial establishment. Special correspondent Paul Solman… Continue watching
Nov 30 Watch After populist campaign, Trump assembles economic team of elites By PBS News Hour 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,… Continue watching
Nov 30 Watch 3:12 Wall Street veterans compose Trump’s economic team By PBS News Hour President-elect Donald Trump announced two more Cabinet picks on Wednesday: Goldman Sachs veteran Steven Mnuchin for treasury secretary and billionaire investor Wilbur Ross for commerce secretary. He also chose a deputy for Ross: Chicago Cubs co-owner Todd Ricketts. On Twitter,… Continue watching
Apr 11 U.S., Goldman Sachs, reach $5B settlement over risky mortgages By Eric Tucker, Associated Press The Justice Department on Monday announced a roughly $5 billion settlement with Goldman Sachs over the sale of mortgage-backed securities leading up to the 2008 financial crisis, with the government accusing the bank of misleading investors about the quality of… Continue reading
Jan 14 Watch 5:00 News Wrap: Goldman Sachs to pay $5.1 billion over mortgage practices By PBS News Hour 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… Continue watching
Dec 02 Watch 5:36 Cozy relationship between Fed and big banks draws scrutiny By PBS News Hour While monitoring Goldman Sachs, New York Federal Reserve supervisor Carmen Segarra made secret recordings that suggested the Fed was too soft on the big bank. She was fired a few months later, for reasons the Fed claimed were unrelated. Judy… Continue watching
Sep 26 The Ray Rice video last week; today, the ear-opening audio from inside the Fed By Simone Pathe The financial world woke up to an unsettling surprise Friday. Former New York Fed employee Carmen Segarra recorded 46 hours of private meetings inside the Fed, revealing the institution's often too-cozy relationship with the too-big-to-fail banks it's charged with regulating. Continue reading
Feb 20 The social impact bond wars: The defense responds and the prosecution rests By Jane Hughes, Alisa Helbitz Social impact bonds link the private, public and nonprofit sectors to deliver cognitive behavior therapy at Rikers Island. So are social impact bonds driving the efficient use of taxpayer dollars? Or is this a financing model easily exploited by corporate… Continue reading