Published on Apr 9, 2014
Our lead
story: The eight largest US banks –JP Morgan, Citigroup, Bank of
America, Wells Fargo, Goldman Sachs, Morgan Stanley, Bank of New York
Mellon, and State Street — will have to add as much as $68 billion in
extra capital. Federal regulators say the new rule is intended to help
“too-big-to-fail” banks withstand losses during periods of market
stress. Erin brings you the details.Our interviews today
discuss banking and its relationship to political power. Nomi Prins,
author and senior fellow at Demos, comes on to talk about her new book
All the Presidents’ Bankers, a deep look into the close
interconnectedness between Washington and Wall Street. You can
find a link to the book here. Then we move on to Anthony Randazzo, the
Director of Economic Research at the Reason Foundation, to give a
libertarian view of the banking system, regulation, and politics. Take a
look.Finally for today’s Big Deal,
Edward Harrison and Erin talk about the cooling temperatures in
California…in the housing market. Check it out.
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