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.

Meaden & Moore

Greater Akron Chamber


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

Another Big Year for Ohio birder
Great piece about a great movie about great guys!

Cleveland protesters remain peaceful following Brelo verdict
THANK Goodness the Rev Al is headed to Cleavland to bring some civility to thses savage white PO-leece.

Cleveland deal ramps up civilian oversight of police
i would like to see police get mandatory psych evals one a year from out side the department.

The generation gap in care for developmentally disabled Ohioans
I don't understand how a few hours a day of caregiving can possibly help a person who lives with complex/multiple disabilities. Many waiver recipients totally d...

Marijuana referendum may change more than pot's legal status in Ohio
If our representatives would act in accordance with the will of the people things like this wouldn't happen. They dragged their feet and blocked discussion on t...

Area pastors and congregation members protest justice system
I live in Cleveland. trust me when I say the high incarceration rate is due to the high crime rate.

H1-B visa limits inhibit Cleveland startups and tech ventures
End the Indian h1-b visa scam now! Rishi Oza and other Indian operatives continue to lie both about the 'need' for these visas and the qualifications of Indians...

Ohio's attorney general rejectsthe latest proposal to legalize marijuana
i think the ag launguage is money hes talking about drug companies must pay him more than responsible ohio can

PBS documentary chronicles the fall of Saigon through new footage and stories
Hi, Does anyone know the number - in the pbs special "Last Days of Vietnam" documentary, of how many Vietnamese were evacuated? Please e-mail me the answer. T...

Protest planned at tomorrow's FirstEnergy meeting
The problems of the poor and downtrodden have nothing to do with First Energy. They are the result of Republican legislators who consistently reduce taxes on th...

Copyright © 2015 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