Goldman Sachs, Public Anger and a Possible Crackdown on Wall Street
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Democrats and Republicans are trying to use public anger at Wall Street to boost their chances in this year's elections. We hear how Goldman Sachs has become the poster child for finance reform. ALso, flights resume but the European travel chaos continues, and videos showing graphic violence against animals are legal after all. We hear about an 8-to-1 decision by the US Supreme Court.
Banner image: A financial professional works in the Goldman Sachs booth on the floor of the New York Stock Exchange while a television reports airs about the company's lowered stock price April 16, 2010 in New York, New York. Photo: Chris Hondros/Getty Images
Some Flights Resume, But European Travel Chaos Continues ()
After days on the ground, more planes began taking off from airports in Europe today, but a new cloud of volcanic ash has thrown doubt on resumption of normal service. Henry Chu is London Bureau Chief for the Los Angeles Times.
- Henry Chu: London Bureau Chief, Los Angeles Times
Goldman Sachs, Public Anger and a Possible Crackdown on Wall Street ()
After weeks of secret negotiations, the Securities and Exchange Commission aimed at the fattest target on Wall Street and charged Goldman Sachs with securities fraud. Normally such votes are unanimous, but this time it was three to 2 with two Democrats and an Independent prevailing over two Republicans. Democrats see a chance to push finance reform, Republicans warn of more taxpayer bailouts, with each party accusing the other of siding with Wall Street. We look at what Goldman Sachs might or might not have done wrong, and get different opinions on how to stop banks from risking so much they threaten the whole economy.
- Gretchen Morgenson: Business Columnist, New York Times
- Shailagh Murray: Congressional Correspondent, Washington Post
- Stephen Moore: Member of the Editorial Board, Wall Street Journal
- Barry C. Lynn: Senior Fellow, New America Foundation
Supreme Court Voids Law Banning Depictions of Animal Cruelty ()
In 1999, Congress passed a law to limit the sales of so-called "crush" videos, showing women killing small animals with their bare feet or high-heeled shoes. The videos almost vanished. But today, the US Supreme Court said the law went too far. Chief Justice John Roberts wrote the 8-to-1 decision that threw out law prohibiting graphic videos. Jess Bravin is Supreme Court correspondent for the Wall Street Journal.
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