The Fed's Lending During the Crisis Revealed

Friday, December 02, 2011

Transcript

After a long court battle, Bloomberg.com has obtained crucial details about Federal Reserve lending during the financial crisis. We now know which banks got what amount of money. That's information lawmakers didn't have when they were crafting financial regulations. Brooke spoke with Bloomberg's Bob Ivry, who says that if law makers had known more - the financial regulations we have now might look very different. 

Stateless – Ariel

Comments [4]

Chris Gray from New Haven, CT

(Oh, I see. This format defeats just continuing on, since an add-on proceeds on the page. Hadn't occurred to me what your strategy was, until now!)

Meanwhile, Justice is hobbled by the investigation of Fast & Furious which, even today, Holder said threatens his impeachment, so, no, we can't expect any further energy spent on prosecuting financial criminals more subtle or devious than Bernie Madoff. He languishes in prison & his son dies for all their sins!

Dec. 08 2011 04:48 PM
Chris Gray

Yet, still one party obstructs a banking and financial services Consumer Protection commissioner in attempts to derail the agency entirely. Yet, no indictments or convictions of those who clearly defrauded us and the whole world and beg for therm to "repatriate" their ill-gotten gain at discount rates!

Me

Dec. 08 2011 04:34 PM
Jessie Henshaw from way uptown

Brook, You seem to plead innocence in being "shocked, shocked, shocked" to find that how the financial problem is being corrected is making the underlying problem worse. That is the one consistent result of all the corrections for all the financial crises of the past too.

Apparently since banking was invented **a few thousand years ago** great financial crises have occurred once or twice a lifetime in the banking cultures, that exposed problems that when fixed, set the stage for still bigger crises. So what's *really* shocking is we don't look for what the real problem is.

What's really wrong is our trying to stabilize something that naturally becomes unstable. Society is perennially asking its experts to stabilize the ability of banks to provide ever multiplying money for investors, which is itself a "promise too good to be true". It invariably leads to promises that can't be kept, and local environmental collapse. So, the fault is our purpose. The fault is society's perennial ignorance that asking our experts to stabilize continual compound returns for our idle money is a fools errand.

To actually fix it we'd just stop doing that before the collapses that you can see coming. Almost no one at all is even discussion that, though it's a most obvious problem and solution. www.synapse9.com/signals

Dec. 04 2011 03:50 PM
Bob Appel from Dallas

I am a fan and contributor to the show. I listen via podcast each week, but cringe each time I hear the following near the start of each show: "Hi podcast listeners, this is a free service of WNYC Radio. Go to onthemedia.org to find out where On the Media is playing in your area and to support your local public radio station. You can support this podcast by making a donation at WNYC.org"
Please eliminate the reference to "Free".
IMHO: Fewer people will contribute if you tell them it is free. Tell them that it is "a service of WNYC radio and is made available from generous contributions from listeners - like you. Go to onthemedia.org to find out . . ."

Keep up the great work. OTM is the most important show on the radio. If you don't make my suggested change, I will still support you, because I know it is not free.

Dec. 03 2011 09:48 AM

Leave a Comment

Register for your own account so you can vote on comments, save your favorites, and more. Learn more.
Please stay on topic, be civil, and be brief.
Email addresses are never displayed, but they are required to confirm your comments. Names are displayed with all comments. We reserve the right to edit any comments posted on this site. Please read the Comment Guidelines before posting. By leaving a comment, you agree to New York Public Radio's Privacy Policy and Terms Of Use.