Professor of Finance, Massachusetts Institute of Technology
Professor of Finance at the Massachusetts Institute of Technology's Sloan School of Management and director of its Laboratory for Financial Engineering
PROFILE
Andrew Lo
Guest
FROM Andrew Lo
To the Point
Bernard Madoff: Wall Street's One-Man Wrecking Crew The victims are banks, hedge funds, wealthy investors and charities worldwide. Los Angeles' Jewish Journal is running a feature called " Swindler's List ." But Bernard Madoff didn't just trick investors who should have known better. The Securities and Exchange Commission admits it was warned back in 1999, when a competitor named Harry Markopolos warned that Madoff was "running the world's largest Ponzi scheme." The most recent investigation was closed just last year with no action recommended, and SEC Chairman Chris Cox is investigating 10 years of regulatory failure. What about the investors? How did his racket come to be worth $50 billion? Could the losses eventually add up to more? And why is this house of financial cards collapsing now?
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To the Point
Trump's 'America First' goes missing abroad In the Middle East, President Trump is changing some policies of the Obama Administration—and reversing his own campaign attacks on Islam as a religion that "hates us." We hear about his visit to Saudi Arabia and what's at stake for the rest of his foreign excursion.
To the Point
Janesville and the American Dream Janesville, Wisconsin is the hometown of Republican House Speaker Paul Ryan. But he couldn’t prevent the closing of the General Motors factory after 100 years. On this Memorial Day rebroadcast of To the Point, we hear what’s happened to what once was a model of American middle-class unity.
To the Point
Is the threat from Russia missing from the Russia meddling probe? There's much being made about the Trump administration's possible ties with Russia. But the bottom line is Russia's effort to influence American democracy. Do the President and his aides care enough to take action before voters go back to the polls?
To the Point
Human Rights in the era of Donald Trump President Trump’s UN Ambassador, Nikki Haley, said today the US might pull out of the United Nations’ Human Rights Council. Serious violators of human rights are members of the Council itself–and a US resignation could make things worse. Later on today’s show, now that he’s into his second term, comedian turned US Senator Al Franken is telling jokes again.