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Focusing on Wall Street's Future

Charles Solomon, a trader with Barclay's, reviews stock information on a monitor during late trading at the New York Stock Exchange, Thursday March 18, 2010. (AP)

Wall Street bankers, grilled again in Washington this week.

The devastation from Wall Street’s epic failure in our time rolls on and on. The work to prevent a repeat is more halting.

Super investigative journalist Roger Lowenstein has gone deep into the story of where Wall Street went wrong. Now, he’s holding the failings up against proposed fixes, and seeing way too many unaddressed problems.

A great, flawed era of Wall Street ways should be coming to an end, he says. But is it?

This hour, On Point: Roger Lowenstein on the future of American finance.

Guest:

Roger Lowenstein, contributing writer for The New York Times Magazine and former reporter for the Wall Street Journal. He is author of “When Genius Failed: The Rise and Fall of Long-Term Capital Management” and “Buffett: The Making of an American Capitalist.” His new book is “The End of Wall Street.”

You can read an excerpt from Lowenstein’s new book.

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ONPOINT
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Jul 3, 2015
Demonstrators shout slogans during a rally organized by supporters of the YES vote for the upcoming referendum in front of the Greek Parliament in Athens, Tuesday, June 30, 2015 Greece's European creditors were assessing a last-minute proposal Athens made for a new two-year rescue deal, submitted just hours before the country's international bailout program expires and it loses access to billions of euros in funds. (AP)

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Harmonica master Howard Levy, in a photo dated February 2012. (Courtesy the Artist)

Harmonica virtuoso Howard Levy tears it up with us. From Bach to the blues.

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Jul 3, 2015
Harmonica master Howard Levy, in a photo dated February 2012. (Courtesy the Artist)

Harmonica virtuoso Howard Levy tears it up with us. From Bach to the blues.

 
Jul 3, 2015
Demonstrators shout slogans during a rally organized by supporters of the YES vote for the upcoming referendum in front of the Greek Parliament in Athens, Tuesday, June 30, 2015 Greece's European creditors were assessing a last-minute proposal Athens made for a new two-year rescue deal, submitted just hours before the country's international bailout program expires and it loses access to billions of euros in funds. (AP)

Overtime pay. Diplomatic ties with Cuba. Greece defaults. Iran deadline missed. Chris Christie jumps in. Our weekly news roundtable goes behind the headlines.

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