Goldman Sachs
Policy advisor to Goldman Sachs and author of the 2002 book, Take on the Street: What Wall Street and Corporate America Don’t Want You to Know and What You Can Do to Fight Back; former chairman of the US Securities and Exchange Commission (1993-2001); senior adviser at the Carlyle Group
Are Wall Street Execs Getting Off Easy for Committing Fraud? Federal Judge Jed Rakoff is still considering Citigroup's latest settlement of fraud charges brought by the Securities and Exchange Commission. It follows a familiar pattern — for Goldman Sachs, Morgan Stanley, JP Morgan Chase, Bank of America —and for Citigroup itself. But for corporate executives there's no shame and no pain. We hear how the latest case against Citigroup fits into a troubling pattern.
SEC Settlements Raise Questions about Watchdog's Teeth A federal judge is still considering Citigroup's latest settlement of fraud charges brought by the Securities and Exchange Commission. Citigroup did not have to admit wrongdoing and received a fine critics call "a slap on the wrist," that shareholders, not executives, will have to pay. It follows a familiar pattern — for Goldman Sachs, Morgan Stanley, JP Morgan Chase, Bank of America and Citigroup itself -- that has even some insiders asking who is the SEC working for? Is it protecting consumers or big banks? Why aren't company executives being hauled into court, especially if their practices helped bring about the collapse of the housing market?
Can a Broken Financial System Be Fixed? Where were the regulators? With an economy in meltdown and one financial scandal after another making breaking news, it's a question that won't go away. Were government watchdogs muzzled by de-regulation or just asleep on the job? Who was regulating whom? What kind of reform is needed to protect the economy from the free-wheeling dealing that led to widespread financial failures?
Can a Broken Financial System Be Fixed? Where were the regulators? With an economy in meltdown and one financial scandal after another making breaking news, it's a question that won't go away. Were government watchdogs muzzled by de-regulation or just asleep on the job? Who was regulating whom? What kind of reform is needed to protect the economy from the free-wheeling dealing that led to widespread financial failures?
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.
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.
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?
Replacing Obamacare: Now you see it… now you don’t As the Senate deliberates replacing Obmacare, health coverage for millions of people is at stake. There've been no public hearings, and a draft measure won't be made public. Is the House version so unpopular that that Senate is hiding a version that looks much the same?