Bank CEOs testify before financial crisis commission
The Financial Crisis Inquiry Commission kicked off hearings yesterday. Banks CEOs were the first ones to testify, and the debate heated up very quickly.
Joining us this morning to go over this first day of hearings is someone who was in the room and testified himself: Peter Solomon, the founder and chairman of Peter J. Solomon Company, an independent investment bank. He’ll give his take on the CEOs’ testimonies, provide his own analysis of the financial crisis, say what he’s doing differently with his investment bank, and make suggestions for future legislation.
The World is an independent newsroom. We’re not funded by billionaires; instead, we rely on readers and listeners like you. As a listener, you’re a crucial part of our team and our global community. Your support is vital to running our nonprofit newsroom, and we can’t do this work without you. Will you support The World with a gift today? Donations made between now and Dec. 31 will be matched 1:1. Thanks for investing in our work!