News
News Home
Quick Bites
Exploradio
News Archive
News Channel
Special Features
NPR
nowplaying
On AirNewsClassical
Loading...
  
School Closings
WKSU Support
Funding for WKSU is made possible in part through support from the following businesses and organizations.

Don Drumm Studios

The Holden Arboretum

Hospice of the Western Reserve


For more information on how your company or organization can support WKSU, download the WKSU Media Kit.

(WKSU Media Kit PDF icon )


Donate Your Vehicle to WKSU

Programs Schedule Make A Pledge Member BenefitsFAQ/HelpContact Us
Ohio


Five years after the collapse, Ohio Sen. Brown says banking is better, but more oversight is needed
Brown/Vitter "too big to fail" bill has run into a stall in the Senate
by WKSU's M.L. SCHULTZE


Web Editor
M.L. Schultze
 
Ohio's U.S. Sen. Sherrod Brown won a second term in November, and has continued to press banking reform.
Download (WKSU Only)
In The Region:

Five years after AIG’s collapse sent shock waves through the  U.S. economy, Ohio’s Sen. Sherrod Brown is still trying to clamp down on the nation’s biggest banks. As WKSU’s M.L. Schultze reports, though, his most ambitious effort has largely stalled in the Senate.

LISTEN:Brown on banking

Other options:
Windows Media / MP3 Download (0:58)


The Democrat Brown and Louisiana Republican David Vitter announced their bill in April. It would require major banks like JP Morgan Chase and Bank of America  to meet tougher debt standards. Brown maintains that the mega-banks have an advantage over regional and small banks because creditors believe they’ll get bailouts if things go wrong as they did in 2008

Brown says regulators have better tools, and are using them more aggressivel,  than when AIG’s complex credit swaps unraveled almost exactly five years ago.

But he says they need more.

“Banking should return more to where its boing, where they aren’t engaged in this risky behavior. And government has no business building a safety net for anything beyond traditional banking. That’s why the separation of the risky behavior, the traders … need to be separated from traditional banking activity, which should in fact have a safety net and federal guarantees and federal insurance.”

Most of the banking industry is opposed to the bill, though community banks have endorsed it. The others maintain that it will hurt their ability to lend money. 



A Q&A with Sherrod Brown


Like a lot of Democrats, Ohio’s U.S. Sen. Sherrod Brown welcomed a delay in President Obama’s call on Congress to authorize military strikes on Syria. WKSU’s M.L. Schultze reports he also says he isn’t sure how he’ll vote if diplomatic efforts fall through – though he’s a lot firmer on topics including the banks and the debt ceiling.

LISTEN: A Q and A with Sherrod Brown on Syria and the economy

Other options:
Windows Media / MP3 Download
(4:18)

Add Your Comment
Name:

Location:

E-mail: (not published, only used to contact you about your comment)


Comments:




 
Page Options

Print this page

E-Mail this page / Send mp3

Share on Facebook




Stories with Recent Comments

Farm-to-School: Cafeteria lunch is fresh and local at Tallmadge High School
Great job Tallmadge City Schools! So glad to have a progressive business manager and superintendant!

World premiere at Cleveland Institute of Music is fanfare for a new theme
J'ai une grande admiration pour Daniil Trifonov que j'ai vu en concert deux fois à Paris je ne lui trouve pas d'égal c'est un ange tombe du ciel

Kent's journalism school faculty protest presidential search secrecy
There really was too much secrecy behind the selection process. Hopefully the letter by the faculty members will convince the board to provide more information ...

Belgian cargo ship creates new export route between Antwerp and NEO
The vessel is registered in Amsterdam, The Netherlands. Not in Belgium ;)

Exploradio: Tracking Ohio's champion trees
Absolutely loved this story. We lost 3 of our larger ash trees last year due to EAB. Big, beautiful trees are something to be treasured, and many times they tru...

Ohio's rules on fracking and earthquakes are a first
I'm right in the middle of the issue. Like oil independence, but hope there is pre- and current-drilling assurance re dangers from pollution, earthquakes and th...

Bridgestone exec indictments are latest step in a billion-dollar price-fixing case
Why is O.P.E.C Not investigated and charges brought against it and it's member companies? It sounds exactly the same...

Ohio's new drilling rules rely on known earthquake faults
requiring drillers to place seismic monitors when they drill within 3 miles of known fault lines. This comment really upsets me!! What good does an instrument t...

Kasich's gubernatorial ad focuses on his blue-collar roots
John Kasich is the biggest con-man in America. He will say one thing and then do the opposite. He is terribly successful at fooling the public and he is worki...

Cab drivers who refuse to drive Gay Games taxis will be replaced
the irony is that most americans distrust or hate muslims much more than they hate gays!! silly ignorant bigots-GO HOME!!!

Copyright © 2014 WKSU Public Radio, All Rights Reserved.

 
In Partnership With:

NPR PRI Kent State University

listen in windows media format listen in realplayer format Car Talk Hosts: Tom & Ray Magliozzi Fresh Air Host: Terry Gross A Service of Kent State University 89.7 WKSU | NPR.Classical.Other smart stuff. NPR Senior Correspondent: Noah Adams Living on Earth Host: Steve Curwood 89.7 WKSU | NPR.Classical.Other smart stuff. A Service of Kent State University