To the Point
Finance Reform: Public Anger and Partisan Politics
With voters outraged about Wall Street's perceived role in the financial crisis, Democrats and Republicans appear to be playing "chicken" over finance reform. We look at the likely product of sausage-making in an election year. Also, Goldman Sachs in the hot seat, and challenges to Arizona's new immigration law.
By Warren Olney • • 50m ListenWith voters outraged about Wall Street's perceived role in the financial crisis, Democrats and Republicans appear to be playing "chicken" over finance reform. We look at the likely product of sausage-making in an election year. Also, Goldman Sachs in the hot seat on Capitol Hill, and Arizona's new immigration law has sparked outrage from Washington to Mexico City. Even the Mayor of Phoenix calls it "unenforceable."
Banner image: Daniel Sparks, a former partner who ran Goldman Sachs' mortgage department, looks through investigation evidence as he testifies on Capitol Hill in Washington, DC, April 27, 2010, during a Senate Homeland and Secruity and Government Affairs Committee Permanent Subcommittee on Investigations. Photo: Jim Watson/AFP/Getty Images
In this episode
3 storiesGoldman Sachs on the Hot Seat
In prepared testimony today, Goldman Sachs CEO Lloyd Blankfein said his company never bet against its own clients, but Senators of both parties were publicly skeptical.
Read the story7 minRoadblock on the Path to Financial Reform
As a Senate committee was grilling Goldman Sachs executives today, Democrats called for another vote on finance reform , less than 24 hours after the last one. They claim all the Republicans voted "no" yesterday to protect Wall Street from a real crackdown. Republicans insist they just want a better bill.
Read the story36 minArizona Immigration Law Likely to Face Legal Challenges
Arizona's Republican Governor Jan Brewer signed a state immigration law saying that the federal government has failed to stop the flow of drugs and undocumented workers across the Mexican border. Opposition has been building from the White House and Capitol Hill to neighboring states and Mexico City.
Read the story7 min
