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G-20 to the Rescue?
U.S. Treasury Secretary Timothy Geithner talks at a press conference at the G20 Finance Ministers meeting at a hotel near Horsham, England, Saturday, March 14, 2009. Finance officials from the world's richest and leading developing countries pledged a "sustained effort" to restore the global economy to growth after meeting here Saturday, attempting to patch over divisions about how to tackle the financial crisis. (AP)

U.S. Treasury Secretary Timothy Geithner talks at a press conference at the G-20 Finance Ministers meeting near Horsham, England, on March 14, 2009. Finance officials from the world's richest and leading developing countries pledged a "sustained effort" to restore the global economy to growth. (AP)

While Treasury Secretary Tim Geithner was south of London over the weekend at a G-20 meeting to brace up global finance, things exploded back in the USA over news that bailout giant AIG was ready to ship nearly half a billion dollars out the door in fat bonuses — after raking in public billions to stay afloat.

It’s a minefield out there in the worlds of banking and finance, and the mines are not cleared yet. From global summits, to rage over Wall Street, to toxic assets and the bank next door, the race to repair and rethink is still on.

This hour, On Point: From the G-20 to AIG, the unfinished turmoil in global banking and finance.

You can join the conversation. Will America’s cowboy capitalism survive the global meltdown? Will European-style regulation let the economy come back? And what about those bonuses at AIG?

Guests:

Chris Giles, economics editor of The Financial Times. He covered the meeting of G-20 finance ministers at Horsham, England, this weekend.

Kenneth Rogoff, professor of economics and public policy at Harvard University. He was chief economist and director of research at the International Monetary Fund from 2001 to 2003.

Eswar Prasad, senior professor of trade policy at Cornell University and former head of the China Division and the Financial Studies Division at the International Monetary Fund. He is also a senior fellow at the Brookings Institution and a research associate at the National Bureau of Economic Research. He wrote recently for Brookings about the G-20 stimulus plans.

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ONPOINT
TODAY
Oct 2, 2014
Kurds in Turkey look over the border with Syria toward the embattled town of Kobani. (David Takaki / Twitter)

ISIS and the battle for control of the Syrian town of Kobani. The Kurds have it. ISIS wants it. The US is bombing. We’ll look at the lessons of the battle for Kobani.

Oct 2, 2014
Duluth, Minnesota's Canal Park Lakewalk, shown here in 2005. (Jacob Norlund / Creative Commons)

What makes a good place to live in America today? We’ll talk with the people who size up our cities and towns.

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Oct 1, 2014
Actress Eva Longoria, center, Henry R. Munoz III, co-founder of the Latino Victory Project, left, and Rep. Joaquin Castro, D-Texas, are seated at an event launching The Latino Victory Project, a Latino political action committee, at the National Press Club in Washington, Monday, May 5, 2014. (AP)

Latino America. It is very large and growing very fast. How will it move the country?

 
Oct 1, 2014
Pro-democracy protesters hold umbrellas under heavy rain in a main street near the government headquarters in Hong Kong late Tuesday, Sept. 30, 2014. The protesters demanded that Hong Kong's top leader meet with them on Tuesday and threatened wider actions if he did not, after he said China would not budge in its decision to limit voting reforms in the Asian financial hub. (AP)

China, democracy and Hong Kong. They’re in the streets in Hong Kong with their “Umbrella Revolution.” What now?

On Point Blog
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