The health and stability of our financial system


Guests:  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.  A recent report by a Senate subcommittee on JPMorgan Chases’ “London Whale” trade fiasco demonstrates that risky practices are still rampant in the financial industry.  In this hour of Radio Times, it’s a check-up on the health and stability of our financial system.  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.  Marty talks to one of the authors of The Bankers’ New Clothes: What’s Wrong with Banking and What to Do About It, Stanford Finance and Economics professor ANAT ADMATI.

AP Photo/Mark Lennihan, file

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