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Back to To the Point

To the Point

Who Can We Trust with our Money?

News coverage of AIG bonuses, Bernie Madoff, CNBC's Jim Cramer and Treasury secretaries with ties to Wall Street has been relentless. Public confidence in banks, insurance companies, money managers and financial reporters has sunk to an all-time low.

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By Warren Olney • May 12, 2014 • 1 min read

News coverage of AIG bonuses, Bernie Madoff, CNBC's Jim Cramer and Treasury secretaries with ties to Wall Street has been relentless. Public confidence in banks, insurance companies, money managers and financial reporters has sunk to an all-time low. Searching for safe, reliable investments -- not dependent on government -- Americans bought 600 tons of gold last year, a 42% increase over the year before. The rest are stuck with a troubling question: who can you trust with the money you have left as the financial bloodbath continues? Is it time for consumers to go it alone?

  • https://images.ctfassets.net/2658fe8gbo8o/AvYox6VuEgcxpd20Xo9d3/769bca4fbf97bf022190f4813812c1e2/new-default.jpg?h=250

    Warren Olney

    former KCRW broadcaster

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    Frances Anderton

    architecture critic and author

  • KCRW placeholder

    Christian Bordal

    Managing Producer, Greater LA

  • Sonya Geis with wavy brown hair wearing a black dress with red accents and decorative earrings against a white background.

    Sonya Geis

    Senior Managing Editor

  • KCRW placeholder

    Ben Popken

    Co-Executive Editor, Consumerist.com

  • KCRW placeholder

    Peter Cohan

    President, Peter S. Cohan and Associates

  • KCRW placeholder

    Peter Morici

    University of Maryland

    NewsNationalPolitics
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