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    Back to Which Way, L.A.?

    Which Way, L.A.?

    Will Dodd-Frank Protect US from Banks 'Too Big to Fail?'

    Despite reassurances from the Obama Administration, many financial authorities say banks that are bigger than ever cannot be allowed to fail. Just five banks -- Goldman Sachs, JP Morgan Chase, Citigroup, Wells Fargo and Bank of America -- now hold $8.5 trillion in assets.

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

    Despite reassurances from the Obama Administration, many financial authorities say banks that are bigger than ever cannot be allowed to fail. Just five banks -- Goldman Sachs, JP Morgan Chase, Citigroup, Wells Fargo and Bank of America -- now hold $8.5 trillion in assets. That's equal to 56 percent of the US economy, up from 43 percent six years ago. It's happened despite President Obama's call to "prevent the further consolidation of our financial system." Are pension funds and other depositors adequately insured? Might taxpayer bailouts be needed all over again?

    The full episode

    3 of 3
    Big Tobacco Aims to Kill Proposition 29
    1. 0:00Cigarettes, Cancer and Ballot-Box Budgeting
    2. 16:28The Oscars of the EV World
    3. 26:47Will Dodd-Frank Protect US from Banks 'Too Big to Fail?'You’re reading this
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      Warren Olney

      former KCRW broadcaster

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      Katie Cooper

      Producer, 'One year Later'

    • KCRW placeholder

      Christian Bordal

      Managing Producer, Greater LA

    • KCRW placeholder

      Andrea Brody

      Senior Producer, KCRW's Life Examined and To the Point podcast

    • KCRW placeholder

      David J. Lynch

      Bloomberg News

    • KCRW placeholder

      Jared Bernstein

      Center on Budget and Policy Priorities

    • KCRW placeholder

      Carroll Doherty

      Pew Research Center for the People and the Press

      News

    The full episode

    3 of 3
    Big Tobacco Aims to Kill Proposition 29
    1. 0:00Cigarettes, Cancer and Ballot-Box Budgeting
    2. 16:28The Oscars of the EV World
    3. 26:47Will Dodd-Frank Protect US from Banks 'Too Big to Fail?'You’re reading this
    Back to Which Way, L.A.?