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Wednesday, May 16, 2012

Hearing On ‘Too Big To Fail’ Banks

A House Financial Services Committee hearing Wednesday turned briefly to JPMorgan’s $2 billion loss in risky trading.

Bloomberg News reports that JP Morgan has deployed teams of representatives to brief congressional staffers about the trading strategy that led to the losses, which were first disclosed last week.

Democrats argue that rules on such trading, still being written, need to be toughened. Republicans claim too much financial regulation will drive financial firms overseas and fail to prevent risky trades that led to the 2008 financial crisis.

Guest:

  • Phil Mattingly, Bloomberg News reporter on Capitol Hill

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  • John Ingram

    Robin, the JP Morgan $2B+ loss is just the tip of the iceberg in the way the huge transnational companies do business.The banking business hasn’t changed since the big meltdown. The big oil companies are another example. The US is now a net exporter of oil.  We’ve all seen the news stories, i e  ABC news last week and Guy Roz on NPR looking at the glut of oil at the Cushing OK. tank farms. If we have plenty of oil why isn’t the price of gasoline falling a lot more than it is?

Robin and Jeremy

Robin Young and Jeremy Hobson host Here & Now, a live two-hour production of NPR and WBUR Boston.

April 15 7 Comments

4 Lamb Recipes, Plus Lamb Cooking Tips

With the weather getting warmer, Here & Now resident chef Kathy Gunst is thinking lamb. She shares recipes for Middle Eastern-style lamb meatballs and more.

April 15 14 Comments

The Problem With U.S. Tax Policies

Tax expert David Cay Johnston says it's easy to fool the IRS, but there's one catch: "you have to be rich." He says outdated tax policies are hurting the economy.

April 14 4 Comments

Lessons For News Media After Marathon Bombings

We take a look at what the news media got wrong and what can be learned for future breaking news coverage.

April 14 8 Comments

Marathon Bombing Survivor Loses Limbs But Finds New Life

A year after Jeff Bauman lost both legs in the bombing, he and his fiancée are expecting their first child.