FROM Andrew Ross Sorkin
Wall Street Gets a Grilling Phil Angelides said today the Financial Crisis Inquiry Commission is probably the last hope for uncovering the causes of what's now called the Great Recession. A former California State Treasurer, Democrat Angelides now chairs the bipartisan commission established by Congress. In its first public meeting today, the commission heard from the heads of America's four biggest banks, JPMorgan Case , Bank of America , Morgan Stanley and Goldman Sachs .
Wall Street and a Disaster of a Different Kind Phil Angelides said today the Financial Crisis Inquiry Commission is probably the last hope for uncovering the causes of what's now called the Great Recession. A former Treasurer of the State of California and a Democrat, Angelides chairs the bipartisan commission established by Congress. In its first public meeting today, the commission got tough with the heads of America's four biggest banks, JPMorgan Chase , Bank of America , Morgan Stanley and Goldman Sachs . At one point, Goldman Sachs' Lloyd Blankfein compared the financial crisis to "earthquakes" and other "acts of God," to which Agnelides responded, "These were acts of men and women." Are the right questions being asked? Can the commission help prevent another financial disaster?
AIG: Political Outrage and Financial Stability President Obama said today he shares public outrage over bonuses paid to failed executives with public money. Meantime, the head of the failed insurance giant AIG told Congress he would never have approved the contracts that required those bonuses to be paid. Is there a way to get the money back? Why are executives given incentives for assuming so much risk that they threaten the world's financial stability? What's AIG doing to pay back at least some of its $200 billion government bailout? We ask those and other questions.
Chandler Family in Talks to Bid on Tribune Company Today's New York Times has more details on a story that could impact the Los Angeles Times , once owned by the Chandler family and now the largest shareholder in the Tribune Company of Chicago. Tribune has put the LA Times and other assets up for auction, but there hasn't been very much interest, so the Chandlers might be forming a consortium to buy some of those assets or to start a bidding war.
Terrorism and tweets, hate speech and murder Just days before an election, Britain is coping with a rash of deadly terrorism, and Prime Minister Theresa May is on the defensive. And again today, President Trump has tweeted criticism of the Mayor of London. Later, a double murder in Portland, Oregon has revealed the ugly past of a supposedly “progressive” city. One immediate question: is “hate speech” protected by the First Amendment?
Venezuela spirals into economic and political chaos Venezuela, a country whose potential for prosperity is unmatched, finds itself on the verge of civil war. What sustains the repressive government? With time running out, guest host León Krauze looks at what the international community can do to pull the country from the edge of collapse.