90.9 WBUR - Boston's NPR news station
Top Stories:
PLEDGE NOW
Banks, Bailouts & the Obama Plan
President Barack Obama, accompanied by, from left, Economic Adviser Christina Romer, Treasury Secretary Timothy Geithner, and Economic Adviser Lawrence Summers, walks from the Oval Office to the South Lawn of the White House in Washington, Wednesday, March 18, 2009, to make remarks on AIG, prior to departing for a trip to California. (AP)

President Barack Obama, accompanied by, from left, Economic Adviser Christina Romer, Treasury Secretary Timothy Geithner, and Economic Adviser Lawrence Summers, walks from the Oval Office to the South Lawn of the White House on March 18, 2009, to make remarks on AIG. (AP)

Treasury Secretary Timothy Geithner is standing up today with his latest announcement on how to mop up the ocean of bad debt, toxic assets, at the heart of the current financial crisis.

He’s standing up, of course, into a storm. Geithner says he needs private capital in with public billions to make right the banking and finance mess. Critics are already saying he would reward and restart the same game that got us into this mess. Supporters say, let’s give it a chance.

We’re in uncharted territory here.

This hour, On Point: We’re unpacking the Obama plan for America’s bad banks.

You can join the conversation. Is this it? The way out of the mess in American banking and finance?

Guests:

We’re joined in our studio by Robert Kuttner, co-founder and co-editor of The American Prospect, distinguished senior fellow at the think tank Demos, and a columnist for The Boston Globe. He’s author of “Obama’s Challenge: America’s Economic Crisis and the Power of a Transformative Presidency” and “The Squandering of America: How the Failure of Our Politics Undermines Our Prosperity.”

Also with us in our studio is Jeffrey Frankel, professor of capital formation and growth at Harvard University’s Kennedy School of Government and director of the program in international finance and macroeconomics at the National Bureau of Economic Research. He served on the Council of Economic Advisers in the Clinton Administration.

And joining us from Park City, Utah, is Steven Kaplan, professor of entrepreneurship and finance at the University of Chicago Business School.

Please follow our community rules when engaging in comment discussion on this site.
ONPOINT
TODAY
Oct 30, 2014
Realtor Helen Hertz stands in front of one of her listings in Cleveland Heights, Ohio Friday, Oct. 24, 2014. Hertz, a real estate agent for more than three decades, has seen firsthand what has happened to the market in the wake of the recession and foreclosure crisis. (AP)

Home ownership rates are at a 20-year low. Millennials and more aren’t buying. We’ll look at what American’s think now about owning a home.

Oct 30, 2014
Soylent is a new meal-replacement substance meant to offer a complete nutritional alternative to traditional food. (Courtesy Soylent)

Soylent is a grey smoothie the consistency of pancake batter that claims it can replace all your food. On a crowded planet, is this the future of food? Plus: what does the Antares rocket crash mean for private space travel?

RECENT
SHOWS
Oct 29, 2014
A visitor looks at the simple wooden cross that marks the grave of Welsh poet and playwright Dylan Thomas, in Laugharne, Wales, Sept. 17, 1963. (AP)

A century after his birth, poet and writer Dylan Thomas lives on. We look at his exuberant work and short life.

 
Oct 29, 2014
In this Tuesday, Oct. 1, 2013 image provided by the Utah Division of Wildlife Resources, a young bear is rescued from drowning after eluding officials, at Lake Powell, Utah. (AP)

A big debate in the West over transferring Federal public lands to states. We’ll hear from both sides.

On Point Blog
On Point Blog
The Explicast, Episode Two: Why Is Election Day On A Tuesday?
Friday, Oct 24, 2014

The Explicast is back for another round. This time, we’re looking at Election Day, and why we all keep voting on a random Tuesday in early November.

More »
2 Comments
 
Our Week In The Web: October 24, 2014
Friday, Oct 24, 2014

On comments, comment sections, and ROY G BIV.

More »
Comment
 
Introducing The Explicast: A New Podcast From On Point Radio
Friday, Oct 17, 2014

Confused about the news? Don’t worry: so are we sometimes! Introducing a new On Point Radio podcast: The Explicast. You can find Episode One right here.

More »
3 Comments