Big Banks, Big Bonuses and Big Government

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Note: During KCRW’s Summer Sign-up, we are airing the complete rebroadcast of today’s To the Point in place of Which Way, LA?.

A federal judge has accused two Wall Street firms of "lying to their shareholders" about executive compensation. At the same time, big banks that got taxpayer bailouts are resuming the practice of guaranteeing multi-million-dollar bonuses that don't depend on performance. Are new regulations needed? Also, documents show that Karl Rove played a key role in the firing of US Attorneys. On Reporter’s Notebook,  do opium poppies fund religious extremists or do drug traffickers also trade in religion?

Banner image: Bank of America CEO Ken Lewis (R) and Merrill Lynch CEO John Thain shake hands at a press conference at Bank of America headquarters September 15, 2008 in New York City. Photo: Mario Tama/Getty Images



Warren Olney