Securities and Exchange Commission Under Scrutiny

Friday, February 03, 2012

Committee Chair Sen. Carl Levin (D-MI) and ranking member Sen. Tom Coburn (R-OK) listen to testimony from Lloyd Blankfein, chairman and CEO of The Goldman Sachs Group, on April 27, 2010 (Chip Somodevilla/Getty)

After the financial meltdown of 2008 people looked to the Securities and Exchange Commission to use its regulatory powers to get to the bottom of the crisis and possibly craft suitable punishments to prevent the same mistakes in the future. Regulation is supposed to discourage not reward bad decisions. But an analysis conducted by our partner The New York Times shows the agency has repeatedly allowed the biggest firms to avoid punishments.

Joining the program is Louise Story investigative reporter for our partner The New York Times.

Guests:

Louise Story

Comments [1]

listener

What about the "cozy" relationship between the Democratic Party and the banks and why is the name Corzine missing from this discussion?

Feb. 03 2012 12:33 PM

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