The Brian Lehrer Show

Newsmakers meet New Yorkers as host Brian Lehrer and his guests take on the issues dominating conversation in New York and around the world. This daily program from WNYC Studios cuts through the usual talk radio punditry and brings a smart, humane approach to the day's events and what matters most in local and national politics, our own communities and our lives. WNYC Studios is a listener-supported producer of other leading podcasts including Radiolab, On the Media, Snap Judgment, Death, Sex & Money, Nancy, Here’s the Thing with Alec Baldwin and many others. © WNYC Studios

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30 Issues | Breaking Up The Banks


In Franklin Delano Roosevelt's first fire side chat, he discussed America's “bad banking situation" and introduced his new Banking Act (now known as Glass-Steagall).In our 2016 election cycle, candidates continue to debate Glass-Steagall and the role of the “bad banks,” and offer up solutions.Pulitzer Prize-winning journalist Gretchen Morgenson, who writes the Market Watch column for the Sunday "Money & Business" section of The New York Times, discussed the history of "breaking up the banks" as a solution to corrupt banking practices.She also discerned the differences between Glass-Steagall and the Dodd-Frank Act signed by President Obama in 2010, saying Dodd-Frank is problematic particularly because it didn't really define new rules or laws and gave lobbying armies a chance to modify and manipulate the process.


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 2016-04-11  28m