FROM Heidi Moore
If Dodd-Frank disappears, what happens to the US economy? President Trump says he wants to get rid of Dodd Frank, the legislation reining in big banks. We talk about what that would do to the economy and consumers.
Why Hasn’t the Carried Interest Tax Loophole Been Eliminated The average hedge fund lost money for investors last year, but top 25 American hedge fund managers raked in $13 billion. That’s more than the entire economies of many countries. One reason for all this wealth is the carried interest tax loophole, which allows incentive fees earned by investment managers to be treated as capital gains, which are taxed at a rate about 20 percent less than income. The so-called loophole is something all three presidential candidates want to eliminate, and yet President Obama hasn’t done so. Why not?
When $182 Billion Just Isn’t Enough One of the biggest financial bailouts of all time is going on trial today. The former CEO of A.I.G., Maurice “Hank” Greenberg, is suing the government, claiming that the $182 billion bailout was illegal... because it was too low. We look at what the trial could reveal about big decisions made during and after the financial crisis.
Herbalife Troubles The Federal Trade Commission opened an investigation yesterday into whether Herbalife operates as a pyramid scheme. The L.A.-based company sells vitamins, protein shakes and other health supplements. It relies on about three million independent distributors worldwide to move its products. We talk about the latest issues the company faces, and we hear how one billionaire hedge fund manager pushed for the government investigation.
Are America's Financial Institutions Still 'Too Big to Fail?' Five years ago this week, the bankruptcy of Lehman Brothers led to America's worst financial crisis since the Great Depression. The Bush and Obama Administrations used billions of taxpayer dollars to bail out banks that were so big their failure would have hurt the economy even more. Now some of those banks are bigger than ever. Will that lead to another round of excessive risk-taking by executives and investors confident of another government bailout? JP Morgan Chase is America's biggest bank. Today, JP Morgan Chase made a rare admission that it did wrong — to the tune of $920 million in fines to four regulatory agencies. The Dodd-Frank bill was supposed to prevent a repeat of the Great Recession. We talk to former Congressman Barney Frank and others. Should Main Street be worried about the future of Wall Street?
Bill Condon on the challenges of adapting a 'tale as old as time' Beauty and the Beast director Bill Condon is no stranger to musicals -- he wrote the screenplay for movie versions of Chicago and Dreamgirls -- the latter of which he directed as well. But when Disney approached him about making a live-action adaptation of its famous animated classic he was initially hesitant take it on. He talks about what changed his mind and how he set about making the movie his own.
Rep. Darrell Issa's raucous town halls, and the rise of Indivisible Rep. Darrell Issa held two town hall meetings Saturday in Oceanside, where constituents asked about replacing Obamacare, the administration’s ties to Russia, climate change, and immigration. More than 100 protesters showed up, some who are linked to Indivisible.
Emil Ferris: My Favorite Thing Is Monsters My Favorite Thing Is Monsters, Emil Ferris' debut graphic novel, is the diary of a ten-year-old girl obsessed with monsters who also believes she herself is a werewolf.
What do Trump's new emissions standards mean for fuel efficient cars? With President Trump unveiling lower fuel economy standards, will carmakers build more gas guzzlers? Also, an investigation looks into the risks of shipping nuclear warheads across the country on old 18 wheelers, driven by underpaid and overworked drivers. And, six years after Fukushima, nuclear waste has reached parts of the U.S. west coast.