PLEDGE NOW
Banking Reform's Goldman Moment

Goldman Sachs was in the fraud charges seat on Capitol Hill. We look through the grilling at the struggle over Wall Street reform.

Goldman Sachs employees and ex-employees, from left, Daniel Sparks; Joshua Birnbaum; Michael Swenson; and Fabrice Tourre, are sworn in on Capitol Hill, April 27, 2010, prior to testifying before the Senate Investigations subcommittee. (AP)

Ten hours of grilling yesterday for Goldman Sachs on Capitol Hill.

The kings of Wall Street and the inquisitors of the U.S. Senate going hour after hour over business practices – fraud, says the S.E.C. – that Senators charged turned U.S. markets into a casino and brought the global economy to its knees.

The backdrop to yesterday’s hearing: a Democratic Party push to bring new regulation to Wall Street that Republicans are fighting tooth and nail.

There is damage and anger here. And hot theater, too.

This Hour, On Point: the grilling of Goldman Sachs, and the guts of what’s really going on in the fight over Wall Street.

Guests:

Roger Lowenstein, contributing writer for The New York Times Magazine and former reporter for the Wall Street Journal. His new book is “The End of Wall Street.”

Bethany McLean, contributing editor for Vanity Fair and former editor-at-large for Fortune magazine. She is co-author of “The Smartest Guys in the Room,” about Enron, which helped expose the company’s problems. She wrote an op-ed for Tuesday’s New York Times: “Meet the Real Villain of the Financial Crisis.”

James Hohmann, Congressional reporter for Politico.

Please follow our community rules when engaging in comment discussion on this site.
ONPOINT
TODAY
May 27, 2016
Riot police block off the Albuquerque Convention Center to anti-Trump protests following a rally and speech by Republican presidential candidate Donald Trump at the convention center where the event was held, in Albuquerque, N.M., Tuesday, May 24, 2016. (AP Photo/Brennan Linsley)

Obama at Hiroshima. Turmoil at Trump rallies. Clinton’s emails, heating up. Sanders predicts a “messy” convention. Our weekly news roundtable goes behind the headlines.

May 27, 2016
In this Oct. 27, 2015, photo,  Big Muddy Farms, an urban farm in northern Omaha, Neb. is seen amongst residential homes. (AP Photo/Nati Harnik)

Just in time for Memorial Day weekend, we’ve got top gardeners spilling the beans on how to grow everything.

RECENT
SHOWS
May 27, 2016
In this Oct. 27, 2015, photo,  Big Muddy Farms, an urban farm in northern Omaha, Neb. is seen amongst residential homes. (AP Photo/Nati Harnik)

Just in time for Memorial Day weekend, we’ve got top gardeners spilling the beans on how to grow everything.

 
May 27, 2016
Riot police block off the Albuquerque Convention Center to anti-Trump protests following a rally and speech by Republican presidential candidate Donald Trump at the convention center where the event was held, in Albuquerque, N.M., Tuesday, May 24, 2016. (AP Photo/Brennan Linsley)

Obama at Hiroshima. Turmoil at Trump rallies. Clinton’s emails, heating up. Sanders predicts a “messy” convention. Our weekly news roundtable goes behind the headlines.

On Point Blog
On Point Blog
In The Garden, Mother Nature Makes The Rules
Friday, May 27, 2016

Executive producer Karen Shiffman explains why she turns to her garden for food, friends and natrual comfort.

More »
Comment
 
WWII Vet Larry Kirby Reflects On American Values
Thursday, May 26, 2016

Looking ahead to Memorial Day, a World War II veteran looks back at the experiences that mattered to him, both in and out of war.

More »
Comment
 
Gloria Steinem Explains Her ‘Bernie Boys’ Comment
Tuesday, May 24, 2016

Feminist activist Gloria Steinem explains why her apparent diss of female supporters of Sen. Bernie Sanders was anything but.

More »
Comment