Takeouts: shadow banking system under congressional scrutiny, UK elections

The World

Financial Takeouts: Later today the Financial Crisis Inquiry Commission will call five former top Bear executives to testify about the investment bank’s role in the shadow banking system. The New York Times Wall Street and finance reporter, Louise Story, joins the Takeaway to explain the common and legal ways that banks use this system to shrink their questionable balance sheets.

UK Elections: Last minute campaigning in Britain heats up before tomorrow’s elections. To explain the British electoral system, we’re joined by TBD.

Do you support journalism that strengthens our democracy?

At The World, we believe strongly that human-centered journalism is at the heart of an informed public and a strong democracy. We see democracy and journalism as two sides of the same coin. If you care about one, it is imperative to care about the other.

Every day, our nonprofit newsroom seeks to inform and empower listeners and hold the powerful accountable. Neither would be possible without the support of listeners like you. If you believe in our work, will you give today? We need your help now more than ever!