Is Wall Street Still Broken?
Thursday 18 April, 2013
6:30 - 8:15pm, $0/Rsvp
New America
199 Lafayette Street, Suite 3B
It’s been just five years since the greatest financial crisis since the Great Depression hit, yet Wall Street is booming again. Record-breaking stocks and ever-increasing investor confidence make it difficult to tell that it so recently took a half a trillion dollar bailout and major government intervention just to keep the economy afloat. With today’s banks still too big to fail and the same risky behavior that led to the crisis still ruling on Wall Street, it’s easy to worry that the lessons learned have quickly been forgotten. Can government safeguards such as the creation of the Consumer Financial Protection Bureau and the passing of the Dodd-Frank bill prevent another economic crisis, or is Wall Street still broken?
Join New America NYC and Bloomberg Businessweek for a conversation with leading economic thinkers and journalists on the culture of Wall Street and the challenge of trying to reform it.
Featuring…
NEIL BAROFSKY
Author, Bailout: An Inside Account of How Washington Abandoned Main Street While Rescuing Wall Street
Former Special Inspector General in charge of overseeing TARP
WILLIAM D. COHAN
Author, Money and Power: How Goldman Sachs Came to Rule the World
Contributing Editor, Vanity Fair; Columnist, Bloomberg View
SHEELAH KOLHATKAR
Assistant Managing Editor, Bloomberg Businessweek
ROMESH RATNESAR
Deputy Editor, Bloomberg Businessweek
Future Tense Fellow, New America Foundation