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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
Sep 19, 2014
No campaigners celebrate as results come in at the Scottish independence referendum count at the Royal Highland Centre in Edinburgh,Scotland,Friday, Sept. 19, 2014. Scottish voters have rejected independence and decided that Scotland will remain part of the United Kingdom. The result announced early Friday was the one favored by Britain's political leaders, who had campaigned hard in recent weeks to convince Scottish voters to stay. It dashed many Scots' hopes of breaking free and building their own nation. (AP Photo/David Cheskin)

ISIS and arming Syrian fighters. Scotland rejects independence. NFL turmoil. US troops and Ebola. Our weekly news roundtable goes behind the headlines.

Sep 19, 2014
Joseph O'Neill (courtesy of the author)

Author of “Netherland,” novelist Joseph O’Neill is back, with “The Dog,” on globalization, capitalism, and self-discovery in Dubai.

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