City Council Passes Responsible Banking Ordinance

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Two days after JP Morgan Chase announced its $2 billion loss from risky trading, the New York and Los Angeles City Councils passed so-called responsible-banking ordinances. In LA, it was the result of a three-year effort by City Councilman Richard Alarcón. The vote in favor of Alarcón's measure was unanimous.

 

Credits

Guests:
Ryan Bell - Hollywood Adventist Church - @ryanjbell, Ryan Holeywell - Governing magazine - @RyanHoleywell

Host:
Warren Olney

Producers:
Katie Cooper, Saul Gonzalez, Christian Bordal