To the Point

Obama Proposes New Regulations on Big Banks

Goldman Sachs cut back on executive bonuses this year but still earned a profit of $13.4 billion. That announcement came on the same day that President Obama proposed new rules designed to restrict the size and the activities of Goldman Sachs and the rest of Wall Street’s biggest banks.

By Warren Olney • May 12, 2014 • 1 min read

Goldman Sachs cut back on executive bonuses this year but still earned a profit of $13.4 billion. That announcement came on the same day that President Obama proposed new rules designed to restrict the size and the activities of Goldman Sachs and the rest of Wall Street’s biggest banks. “Never again will the American taxpayer be held hostage by a bank that is too big to fail.” Jonathan Weisman reports for the Wall Street Journal.

Warren Olney
former KCRW broadcaster
Andrea Brody
Senior Producer, KCRW's Life Examined and To the Point podcast
Katie Cooper
Producer, 'One year Later'
Christian Bordal
Managing Producer, Greater LA
Jonathan Weisman
New York Times

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To the Point

Obama Proposes New Regulations on Big Banks

Goldman Sachs cut back on executive bonuses this year but still earned a profit of $13.4 billion. That announcement came on the same day that President Obama proposed new rules designed to restrict the size and the activities of Goldman Sachs and the rest of Wall Street’s biggest banks.

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To the Point

Obama Proposes New Regulations on Big Banks

Goldman Sachs cut back on executive bonuses this year but still earned a profit of $13.4 billion. That announcement came on the same day that President Obama proposed new rules designed to restrict the size and the activities of Goldman Sachs and the rest of Wall Street’s biggest banks.

Share