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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
TODAY
Nov 21, 2014
President Barack Obama announces executive actions on immigration during a nationally televised address from the White House in Washington, Thursday, Nov. 20, 2014.  (AP)

The president throws down the gauntlet on immigration. Bloodshed and new tensions in Israel. Keystone fails. Our weekly news roundtable goes behind the headlines.

Nov 21, 2014
Laura Ingalls Wilder, an American  writer and novelist, at age 27. Her "Little House" series is a beloved semi-autobiographical take on her childhood in the Western American plains. (South Dakota State Historical Society )

A big new look at the legacy of Laura Ingalls Wilder and the woman behind the Little House.

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Nov 20, 2014
A shot from the AMC reality series, "Freakshow." (Jessica Brooks / AMC)

From TV to Broadway, circus sideshows — freak shows — are having a big cultural moment. What’s the history behind the comeback?

 
Nov 20, 2014
In this file photo, Hillsborough Sheriff deputy patrols outside the gate of JP Morgan Chase annual stockholders meeting held Tuesday, May 15, 2012, in Tampa, Fla. JP Morgan is one of several large financial institutions currently under investigation for alleged violation of Federal bankruptcy laws. (AP)

You’re supposed to have a clean slate after bankruptcy. But that’s not always true. We’ll ask what’s going on.

On Point Blog
On Point Blog
The Explicast, Episode Five: What Is Net Neutrality?
Friday, Nov 14, 2014

The Explicast dives into tech policy territory with a quick look at the real meaning of a complicated bit of tech policy known as ‘Net Neutrality.’

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Our Week In The Web: November 14, 2014
Friday, Nov 14, 2014

On why we tweet, what we like and a Miley Cyrus and “Serial” theme song mashup you never knew you needed.

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Guest Post: U.S.-China Climate Deal is an Important Step In Long Road Ahead
Wednesday, Nov 12, 2014

After a landmark agreement between the US and China on climate change policy and clean energy development, a recent On Point guest reflects on what’s important in this new deal.

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