Nuclear Terror and Finance Reform
Listen to/Watch entire show:
The Senate is back in Washington, ready to take up finance reform. In this election year, will Democrats and Republicans re-play the debate over healthcare? We look at the similarities -- and the differences. We also get a progress report on the President’s summit on nuclear terrorism. Also, the former CEO and executives of Washington Mutual testify before Congress.
Banner image: Opening Plenary Session I of the Nuclear Security Summit, April 13, 2010. Photo: Chuck Kennedy
Former WaMu CEO and Executives Testify before Congress ()
Former executives of Seattle-based Washington Mutual are talking to Congress for the first time since the bank collapsed because of the housing crisis. Today, they responded to a Senate Subcommittee’s findings that WaMu crated a "mortgage time bomb" with subprime loans they knew would go bad but which they packaged into Wall Street securities. Patrick Yoest reports for Down Jones Newswires and the Wall Street Journal.
- Patrick Yoest: Congressional Reporter, Dow Jones Newswires and Wall Street Journal
Summit on Curbing Nuclear Threats Gets Underway ()
After a dinner last night that was closed to reporters, President Obama opened his conference on nuclear terrorism today with 47 nations represented. The summit is focused on keeping nuclear materials out of the hands of terrorists. Can so-called "loose nukes" be secured in four years? We get a progress report.
- Jonathan Weisman: Reporter, Wall Street Journal, @jonathanweisman
- Brian Jenkins: Senior Advisor, President of RAND
- Gary Langer: Director of Polling, ABC News, @LangerResearch
Can the Senate Deliver Finance Reform in an Election Year? ()
The US Senate's next item of business is finance reform, with Democrats trying to draw up an offer Republicans can't refuse. The provision banks hate most in the House version of reform is an independent agency for consumer protection that's been compared to the so-called “public option,” that divided Democrats to the GOP's benefit during the healthcare debate. But the politics of finance reform are very different. With popular anger focused on Wall Street, should banks that are “too big to fail” be regulated or cut down to size? Should a consumer protection agency be independent or part of the Federal Reserve?
- Noam Scheiber: Senior Editor, The New Republic, @noamscheiber
- Charles Taylor: Director, Pew Charitable Trusts' Financial Reform Project
- Simon Johnson: former Chief Economist, International Monetary Fund
- John Berlau: Director, Competitive Enterprise Institute's Center for Investors and Entrepreneurs
Engage & Discuss
BROUGHT TO YOU BY