The Legacy of Too Big to Fail

Making News

Israel’s Netanyahu Keeps Power, but Centrists Score in Election ()

After days of predictions that yesterday's parliamentary elections would move Israel farther right, a high turnout of voters produced some surprises. Sheera Frenkel is based in Jerusalem for the McClatchy Newspapers.

Guests:

• Sheera Frenkel: McClatchy Newspapers, @sheeraf

Main Topic

Is the Bank Bailout Still Going On? ()

Four years after the Toxic Asset Relief Program, America's twelve biggest banks are bigger than ever — and still protected by the guarantee of taxpayer money. Even a member of the Federal Reserve says they need to be broken up before increasingly risky investments provoke another financial crisis. TARP, supported by both the Bush and Obama Administrations, was supposed to provide foreclosure relief for abused homeowners, but a pending settlement is now being described as "another gift to the banks." We hear about the consequences, intended and otherwise, of government action to "save the economy."

Guests:

• Matt Taibbi: Rolling Stone, @mtaibbi
• Edward 'Ted' Kaufman: former US Senator (D-DE)
• Harvey Rosenblum: Federal Reserve Bank of Dallas
• Paul Kiel: ProPublica, @paulkiel

Links:

• Glass Steagell Act
• Dodd-Frank Wall Street Reform and Consumer Protection Act
• Taibbi on the 'secrets and lies of the bailout'
• Kaufman on Dodd-Frank
• ProPublica's bailout tracker
• ProPublica on the foreclosure crisis

Reporter's Notebook

Hillary Clinton Testifies on Benghazi ()

Having recovered from the concussion that kept her away, Hillary Clinton appeared before Senate and House committees today to answer questions about the attack on Benghazi that killed the Ambassador to Libya and three other Americans. The Secretary of State became emotional today before the Senate Foreign Affairs Committee when she took full responsibility for the loss of lives in Benghazi. Anne Gearan is diplomacy correspondent for the Washington Post.

Guests:

• Anne Gearan: Washington Post, @agearan