90.9 WBUR - Boston's NPR news station
Top Stories:
PLEDGE NOW
The View from Wall Street
The news ticker on Times Square shows a loss of 778 points on the Dow Jones industrials. (AP)

The news ticker on Times Square shows a loss of 778 points on the Dow Jones industrials. (AP)

Washington’s message to Wall Street yesterday: drop dead.

And Wall Street nearly did. A 777-point loss on the Dow. The biggest one-day point drop in history.

It might have felt good to smack Wall Street one, after the meltdown of the last ten days. Problem is, they are us, too. Pension funds, savings, dreams.

And yet, they’re different. Huge pay packages, golden bonuses, yachts and mansions. Risk that we bear.

This hour, On Point: Fear, panic, and the view from Wall Street now. Plus, we’ll hear from novelist Tom Wolfe, who first unveiled Wall Street’s “masters of the universe.”

You can join the conversation. What next? What now? And what’s your message to Wall Street?

Guests:

Joining us from Washington is Greg Ip, U.S. economics editor for The Economist. He’s been reporting from Capitol Hill on the Congressional negotiations over the bailout.

With us from New York is Jesse Eisinger, senior writer for Portfolio magazine. He covers finance and Wall Street.

Also from New York, we’re joined by David Beim, a professor of finance and economics at Columbia Business School and a member of the Council on Foreign Relations. He worked for 25 years in investment banking, and currently serves as a director of a cluster of mutual funds managed by Merrill Lynch.

And with us from New York is Tom Wolfe, novelist and social chronicler, author of “The Electric Kool-Aid Acid Test” (1968), “The Right Stuff” (1979), and many other books. His 1987 novel “The Bonfire of the Vanities” brought us the phrase “masters of the universe” to describe Wall Street’s high-rolling hotshots. He’s watching the current meltdown.  His forthcoming novel, about immigration in Miami, is “Back to Blood.”

Please follow our community rules when engaging in comment discussion on this site.
ONPOINT
TODAY
Apr 27, 2015
Flowers and ribbons adorn a tree outside the Weinstein family house in Rockville, Md. last week. Earlier, President Barack Obama ook full responsibility for the counterterror missions and offered his "grief and condolences" to the families of the hostages, Warren Weinstein of Rockville, Maryland, and Giovanni Lo Porto who were inadvertently killed by CIA drone strikes early this year. (Jose Luis Magana/AP)

American drone policy and consequences. We’ll look at secret strikes and the evolution of drone war.

Apr 27, 2015
Former Olympic athlete Bruce Jenner at a charity event in 2013. (Mark Von Holden/Invision/AP)

Bruce Jenner opens up about his gender journey. We’ll look at the big picture of transgender life in America now.

RECENT
SHOWS
Apr 24, 2015
Dick West (Dr. Walter Richard West, Wah-pah-nah-yah or Wapah Nahya, Light Foot Runner), 1912−1996, Southern Cheyenne, Oklahoma. Cheyenne Sun Dance—The Third Day, 1949. Paper, casein, 24 5/8 x 35 1/8 inches. © 2013 Philbrook Museum of Art, Inc., Museum purchase, 1949.20, Photo: John Lamberton.

Artists of earth and sky. Rawhide, bear claw, eagle feathers and the glory of America’s Plans Indians, on display at the Metropolitan Museum of Art.

 
Apr 24, 2015
The Rev. Jamal Bryant leads a rally outside of the Baltimore Police Department's Western District police station during a march and vigil for Freddie Gray, Tuesday, April 21, 2015, in Baltimore. (AP)

Loretta Lynch gets a vote. Race and anger in Baltimore. Migrant crisis in the Mediterranean. Petraeus, sentenced. Our weekly news roundtable goes behind the headlines.

On Point Blog
On Point Blog
Your Favorite Musical Memories Of Rain
Wednesday, Apr 22, 2015

When we say ‘rain,’ you say ‘…?’ (Here’s what you really said when we said ‘rain.’)

More »
6 Comments
 
Three LIVE Tracks From Flor De Toloache
Friday, Apr 17, 2015

Fantastic live tracks from the amazing women of Flor de Toloache.

More »
1 Comment
 
Our Week In The Web: April 17, 2015
Friday, Apr 17, 2015

Interactions on Facebook, campaign time begins and a truck full of bees.

More »
2 Comments