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To the Point

Has Goldman Sachs Gone Back to the Good Old Days?

To the Point

KCRW

News

4.4583 Ratings

🗓️ 16 July 2009

⏱️ 51 minutes

🧾️ Download transcript

Summary

With the rest of America still mired in the recession, Goldman Sachs has paid back $10 billion in bailout money and announced record profits. Is it a reason for public relief or public outrage? Also, Judge Sonia Sotomayor's questions come to an end, and Hillary Clinton's back on stage but still out of the spotlight. 

Transcript

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0:00.0

From PRI, Public Radio International and KCRW Santa Monica, this is To the Point.

0:07.6

Does Goldman Sachs gone back to the good old days?

0:13.6

Hello again, I'm a Rominalny, and this is To the Point from Public Radio International.

0:17.5

A daily look at the issues Americans care about most.

0:20.1

America's most influential banks stunned the rest of Wall Street this week with record profits just a month

0:25.2

after repaying $10 billion in taxpayer bailouts. That means bonuses for what admire recalls,

0:31.4

a true meritocracy of financial wizards who become philosopher kings. But a critical journalist

0:37.1

calls Goldman Sachs,

0:38.4

a great vampire squid wrapped around the face of humanity

0:41.7

with alumni in Washington to protect its interests.

0:44.8

We'll ask both of them and others about Goldman's success

0:47.2

with other people's money in the midst of continuing recession.

0:51.4

I'm a reporter's notebook later on Hillary Clinton back on stage, but still

0:55.3

out of the spotlight. First, here's the news. Support for To the Point comes from subscribers of

1:00.5

KCRW Santa Monica and from the Public Radio International Program Fund, whose contributors include

1:06.4

the Ford Foundation and the John D. and Catherine T. MacArthur Foundation. Hello again,

1:14.5

Mormon-Ealney, back with To the Poet. With the rest of America still mired in the recession,

1:19.1

Goldman Sachs has paid back $10 billion in bailout money and announced record profits.

1:24.4

Is it a reason for public relief or public outrage? On reporter's notebook after recovering from a broken arm, Hillary Clinton leaves tonight for India and Thailand.

1:29.0

Why isn't she getting the media treatment as superstar Secretary of State deserves?

1:33.5

First, this news update.

1:34.8

At today's Senate confirmation hearing, South Carolina Republican Lindsey Graham, told Judge

...

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