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To the Point

One Year after the Wall Street Meltdown

To the Point

KCRW

News

4.4583 Ratings

🗓️ 16 September 2009

⏱️ 50 minutes

🧾️ Download transcript

Summary

It's been a year now since Lehman Brothers was allowed to go bankrupt, and the financial meltdown really got under way. Since Barack Obama took over, has there been more continuity than change? Could it happen all over again? Also, Senator Max Baucus releases his long-awaited healthcare bill, and mysterious "double eagles" have turned up again.

Transcript

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0:00.0

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

0:07.7

One year after the Wall Street meltdown, what's changed? What's the same?

0:15.5

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

0:19.4

A daily look at the issues Americans care about most. Barack Obama promised big change, but he picked a Treasury Secretary

0:25.1

who played a key role in the Bush administration's Wall Street bailout. More institutions than ever

0:30.6

are too big to fail, and while the president's warned against excess risk, he has not said

0:35.8

they wouldn't be bailed out again.

0:42.5

The new regulations he has proposed may have trouble in Congress, which is gearing up for another election year. The tarp and the federal stimulus might have saved the economy, but what's

0:47.5

been done to prevent another recession, as bad as the one we're in now? On reporter's notebook

0:52.2

later on, mysterious double eagles have turned up again.

0:56.2

First, here's the news.

0:59.0

Support for To the Point comes from subscribers of KCRW Santa Monica and from the Public Radio

1:04.5

International Program Fund, whose contributors include the Ford Foundation, the John

1:09.0

D. and Catherine T. MacArthur Foundation, and the

1:11.5

Rockefeller Foundation and its campaign for American workers. More at rockfound.org. Hello again, Warren

1:17.9

Alney, back with To the Point. It's been a year now since Lehman Brothers was allowed to go bankrupt

1:22.0

and the financial meltdown really got underway. Since Barack Obama took over, has there been

1:26.5

more continuity than there has been

1:28.3

change? Could it happen all over again? On reporter's notebook, double eagles, our $20 gold

1:34.2

pieces never circulated after they were minted in 1933. Only one has ever been publicly sold

1:40.2

for $7.6 million. We'll hear what might happen with 10 more.

1:45.6

First, this news update, Senate Finance Committee Chair Bax Baucus today finally unveiled a health care reform plan.

...

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