To the Point
The Global Consequences of America's Financial Crisis
The Wall Street rescue failed in the House. Now the Senate will take up a similar bill tonight, with support from John McCain , Barack Obama and Joe Biden . Some advocates are saying the pros and cons of specific provisions are not what matters. The real issue is restoration of confidence in the financial system.
By Warren Olney • • 1 min readThe Wall Street rescue failed in the House. Now the Senate will take up a similar bill tonight, with support from John McCain, Barack Obama and Joe Biden. Some advocates are saying the pros and cons of specific provisions are not what matters. The real issue is restoration of confidence in the financial system. Meantime, banks are in trouble in Britain, France, Belgium, the Netherlands—Ireland and Iceland, and leaders are saying the US has a special responsibility to act and act now. Would foreign banks get part of the bailout money? What about countries which buy American debt, including Russia and China? Is America's financial leadership what's really at stake?
Warren Olney
former KCRW broadcaster
Andrea Brody
Senior Producer, KCRW's Life Examined and To the Point podcast
Katie Cooper
Producer, 'One year Later'
Frances Anderton
architecture critic and author
Gail Russell Chaddock
Christian Science Monitor
Anil Kashyap
Professor of Economics and Finance, University of Chicago
John Authers
Investment Editor, Financial Times