PLEDGE NOW
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.

Please follow our community rules when engaging in comment discussion on this site.
ONPOINT
TODAY
Jul 29, 2015
Federal investigators respond to the scene of a shooting at the Grand Theatre on Thursday, July 23, 2015, in Lafayette, La. (AP)

Guns, background checks, and mass shootings. A new outcry over the system that decide who gets a gun and who doesn’t.

Jul 29, 2015
The transit area at Terminal 3 in Singapore's Changi Airport, ranked as the world's best airport by SkyTrax, a UK-based travel consultancy. (WikiCommons / Jay8g)

New York City’s LaGuardia Airport to be torn down and rebuilt. We’ll consider what makes a great airport now, and how the US stacks up to the global competition.

RECENT
SHOWS
Jul 28, 2015
A portion of the cover of Julia Pierpont's debut novel, "Among the Ten Thousand Things." (Courtesy Random House)

Writer Julia Pierpont is getting rave reviews for her debut novel — “Among the Ten Thousand Things” — about a marriage in crisis. She joins us.

 
Jul 28, 2015
U.S. President Barack Obama, center left , and Ethiopian prime minister Hailemariam Desalegn review an honor guard at the National Palace in Addis Ababa , Ethiopia, Monday, July 27, 2015. (AP)

The United States and Africa. What we see in and beyond President Obama’s big visit.

On Point Blog
On Point Blog
Q & A: Scott Walker On The Iran Deal, Huckabee Comments
Monday, Jul 27, 2015

Wisconsin Gov. Scott Walker explains his opposition to the Iran Deal, his record of statewide electoral victory and why he feels he’s set to win the 2016 Republican Presidential nomination.

More »
Comment
 
Q & A: Carly Fiorina On Trump, Sexism, And Being Cut From The GOP Debate
Monday, Jul 27, 2015

Republican Presidential Candidate Carly Fiorina, the former CEO of computer giant Hewlett-Packard, joined guest host John Harwood to talk Donald Trump, the upcoming Republican candidate debate and sexism in modern life.

More »
Comment
 
Our Week In The News: July 24, 2015
Friday, Jul 24, 2015

You all really, really love to listen to our week in the news segments (that’s great) and we wonder why. Plus: Alex Trebek can’t really sing, in case you were wondering.

More »
2 Comments