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    Back to Which Way, L.A.?

    Which Way, L.A.?

    Big Banks, Big Bonuses and Big Government

    Even when Wall Street banks were losing money and receiving taxpayer bailouts, top traders were getting multi-million-dollar bonuses. Now some of the same institutions are at it again, guaranteeing big money even before any work is performed.

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

    Even when Wall Street banks were losing money and receiving taxpayer bailouts, top traders were getting multi-million-dollar bonuses. Now some of the same institutions are at it again, guaranteeing big money even before any work is performed. The banks say that's what it takes to get the best people, but critics contend it creates risk-takers with nothing to lose except the nation's economic stability. Are the same people who helped to create the ongoing great recession now being rewarded? Is it time for the government to step in or should the free-market prevail? Would regulations stifle free competition or prevent another financial disaster?

    The full episode

    2 of 3
    Big Banks, Big Bonuses and Big Government
    1. 0:00Docs Show Rove Played Key Role in US Attorneys' Firings
    2. 7:37Big Banks, Big Bonuses and Big GovernmentYou’re reading this
    3. 40:09Following the Opium Money in Afghanistan
    • https://images.ctfassets.net/2658fe8gbo8o/AvYox6VuEgcxpd20Xo9d3/769bca4fbf97bf022190f4813812c1e2/new-default.jpg?h=250

      Warren Olney

      former KCRW broadcaster

    • KCRW placeholder

      Christian Bordal

      Managing Producer, Greater LA

    • KCRW placeholder

      Karen Radziner

      Managing Producer, To the Point & Which Way LA?

    • KCRW placeholder

      Stephen Lerner

      Director of the Private Equity Project, SEIU

    • KCRW placeholder

      Lucian Bebchuk

      Director of the Corporate Governance Program, Harvard Law School

    • KCRW placeholder

      Stephen Moore

      Heritage Foundation

      News

    The full episode

    2 of 3
    Big Banks, Big Bonuses and Big Government
    1. 0:00Docs Show Rove Played Key Role in US Attorneys' Firings
    2. 7:37Big Banks, Big Bonuses and Big GovernmentYou’re reading this
    3. 40:09Following the Opium Money in Afghanistan
    Back to Which Way, L.A.?