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Back to Which Way, L.A.?

Which Way, L.A.?

Is What Wall Street Makes Worth What It Takes

Wall Street is making money again and financial institutions could hit record profits, but the unemployment rate went up last month and businesses complain they can't get credit. Meanwhile, President Barak Obama yesterday cut a deal that will extend the Bush tax cuts for another two years.

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KCRW placeholderBy Conan Nolan • May 12, 2014 • 1 min read

Wall Street is making money again and financial institutions could hit record profits, but the unemployment rate went up last month and businesses complain they can't get credit. Meanwhile, President Barak Obama yesterday cut a deal that will extend the Bush tax cuts for another two years. While it's hoped that the agreement will help stimulate the economy and job growth, there are plenty who say it misses the mark, that what is truly needed is a critical look at the workings of America's financial institutions. How can the financial sector be booming while the rest of the US economy remains sluggish? What roll does President Obama's extension of the Bush tax cuts play?

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    Conan Nolan

    Reporter, KNBC Television

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    Katie Cooper

    Producer, 'One year Later'

  • 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

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    Kevin Hall

    McClatchy Newspapers

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    John Cassidy

    New Yorker magazine

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    Nicole Gelinas

    Senior Fellow, Manhattan Institute

    News
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