To the Point
Will Dodd-Frank Protect US from Banks 'Too Big to Fail?'
Bailed out banks repaid with interest, but financial minds warn it could happen again. Are pension funds and depositors adequately insured? Will bailouts be needed again?
By Warren Olney • • 1h 0m ListenDespite reassurances from the Obama Administration, many financial authorities say banks that are bigger than ever can't be allowed to fail. Are pension funds and other depositors adequately insured? Is it likely that taxpayer bailouts might be needed again? Also, a surprise in Israel as the Centrist Party leader joins Netanyahu's coalition government. On Reporter's Notebook, did the late Maurice Sendak really hate children?
Banner image by Chris Hondros/Getty Images
In this episode
3 storiesIsrael Centrist Party Leader to Join Netanyahu Coalition
Prime Minister Benjamin Netanyahu stunned Israel today by calling off early elections after forming one of the strongest coalition governments in the nation's history, with 94 out of 120 seats in the Knesset, Israeli's parliament. Joel Greenberg is a freelance reporter in Jerusalem.
Read the story7 minAre America's Banks Still Too Big to Fail?
Banks that got taxpayer bailouts paid back with interest, but financial authorities are warning it could happen again. Just five banks -- Goldman Sachs, JP Morgan Chase, Citigroup, Wells Fargo and Bank of America —now hold $8.5 trillion in assets. That's equal to 56 percent of the US economy, up from 43 percent six years ago.
Read the story37 minFamed Children's Author Maurice Sendak Dies at 83
An 8-year old girl wrote to children's author Maurice Sendak as follows: "Dear Mr. Sendak, How much does it cost to get to where the wild things are? If it is not expensive, my sister and I would like to spend the summer there." Sendak died early today at the age of 83.
Read the story7 min
