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.
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.