The health and stability of our financial system
March 26, 2013
Guests:Â Jesse Eisinger and Anat Admati
Is the financial system any safer today four years after the bank bailout? The Dobb-Frank financial reform bill was supposed to bring stability, accountability and transparency to Wall Street but a lot of people say little has changed. Â A recent report by a Senate subcommittee on JPMorgan Chasesâ€™ â€śLondon Whaleâ€ť trade fiasco demonstrates that risky practices are still rampant in the financial industry.Â In this hour of Radio Times, itâ€™s a check-up on the health and stability of our financial system.Â First, Marty talks to Propublica senior reporter JESSE EISINGER about recent news on Wall Street and calls for additional reforms. Then, a new book argues that we can make banks safer without hurting the economy.Â Marty talks to one of the authors of The Bankersâ€™ New Clothes: Whatâ€™s Wrong with Banking and What to Do About It, Stanford Finance and Economics professor ANAT ADMATI.
AP Photo/Mark Lennihan, file