Wall Street Gets a Grilling; LA Responds to the Earthquake in Haiti
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The Los Angeles County Fire Department will be in the vanguard of US aid to Haiti. While LA's Haitian community is waiting for word, LA wonders about an earthquake here. Plus, the art world wonders about the new director chosen for LA's Museum of Contemporary Art. We talk with Jefferey Deitch. On our rebroadcast of today's To the Point, commissioners investigating the cause of the Great Recession got tough today with four Wall Street bankers, including Lloyd Blankfein, the head of Goldman Sachs. Are the commissioners asking the right questions? Can they help prevent another financial disaster?
Banner image: LA County Fire Department urban search-and-rescue dog Baxter and handler Gary Durian prepare for deployment as other team members load US AID supplies to be flown to Haiti in the aftermath of yesterday's magnitude-7.0 earthquake. Photo: David McNew/Getty Images
Wall Street Gets a Grilling ()
Phil Angelides said today the Financial Crisis Inquiry Commission is probably the last hope for uncovering the causes of what's now called the Great Recession. A former California State Treasurer, Democrat Angelides now chairs the bipartisan commission established by Congress. In its first public meeting today, the commission heard from the heads of America's four biggest banks, JPMorgan Case, Bank of America, Morgan Stanley and Goldman Sachs.
- Andrew Ross Sorkin: Mergers and Acquisitions Reporter, New York Times
- Brad Sherman: Senior Member, House Financial Services Committee, @BradSherman
- William Black: former federal financial regulator
- John Gapper: Associate Editor and Business Columnist, Financial Times
LA Responds to the Earthquake in Haiti ()
Seventy-two LA County firefighters are ready to ship out for Haiti with aid for victims of the massive earthquake. Meantime, some 10,000 Haitians living in the Los Angeles area are waiting word about friends and relatives back home. TiGeorges, a Haitian restaurant on Glendale Boulevard, is an informal clearing house for information.
- Matt Levesque: Inspector, Los Angeles County Fire Department
- George Laguerre: Inspector, Los Angeles County Fire Department
- Kate Hutton: Staff Seismologist, Caltech Seismological Laboratory
- Amy Wilentz: author, 'The Rainy Season: Haiti Since Duvalier', @amywilentz
Private Businessman to Head Public Museum ()
LA's Museum of Contemporary Art has been called the best of its kind in the world, but it's in major financial trouble and recently got a $30 million bailout from billionaire-collector Eli Broad. Now MOCA's board has stunned the art world by choosing a new director not from academia or another museum, but a private collector and dealer. That's highly unusual, but Broad himself says, "It's time to redo the old museum model. The world has changed." MoCA's new director is Jeffrey Deitch, whose gallery in New York is Deitch Projects.
- Jeffrey Deitch: Director, MoCA
Which Way L.A.? is made possible in part by the Ralph M. Parsons Foundation, the Nathan Cummings Foundation, and the John Randolph Haynes and Dora Haynes Foundation, which supports study and research into policy issues of the Los Angeles region.
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