To the Point
Is It Time to Bust the Trusts Again?
Big name economists, including Alan Greenspan, are saying it's time to break up financial institutions that are "too big to fail." Is it too late even to regulate the banks and brokerages that caused the financial meltdown? Does a new agency for consumer finance protection have a chance? Also, a UN-backed commission says that Afghan President Hamid Karzai failed to win re-election, and both carrots and sticks to persuade Sudan to end Darfur's humanitarian crisis.
By Warren Olney • • 50m ListenBig name economists, including Alan Greenspan, are saying it's time to break up financial institutions that are "too big to fail." Is it too late even to regulate the banks and brokerages that caused the financial meltdown? Does a new agency for consumer finance protection have a chance? Also, a UN-backed commission says that Afghan President Hamid Karzai failed to win re-election, and the Obama Administration finally agrees on a new policy toward Sudan and its humanitarian crisis.
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In this episode
3 storiesUN-Backed Commission Says Karzai Failed to Win Re-election
A United Nations-backed commission says Afghanistan's President Hamid Karzai failed to win re-election , but Karzai himself is reportedly furious over the prospect of a run-off election. President Obama's Chief of Staff, Rahm Emanuel says a credible government is key to any increase in American troops.
Read the story8 minIs It Time to Bust the Trusts Again?
In a major shift from his days as head of the Federal Reserve, even Alan Greenspan said last week that it's time to break up those banks and brokerages that are "too big to fail." The financial giants are handing out billions in bonuses again, and they've spent $224 million lobbying against efforts to regulate excessive risk.
Read the story34 minUS to Pursue Greater Engagement with Sudan
After months of internal debate, the Obama Administration announced a policy for Sudan today, designed to promote peace between the north and south and to end the humanitarian crisis in Darfur that Colin Powell labeled "genocide."
Read the story9 min
