Shows featuring Max Fraad Wolff

  • Senate Passes Sweeping Financial Reform Bill; Lobbying Frenzy Expected as Measure Moves to Committee Wall-st
    The Senate has passed a sweeping reform of financial regulation that’s been described as the biggest overhaul of financial rules since the 1930s. The 59-to-39 vote came largely on party lines. Two Democratic senators, Russ Feingold of Wisconsin and Maria Cantwell of Washington, voted against the bill, saying it does not...
    May 21, 2010 | Story
  • "One Nation, Two Economies"–As Obama Nominates Bernanke to Second Term, a Look at Who Benefits from Economic "Recovery" Two-economies-web
    President Obama is nominating Federal Reserve Chair Ben Bernanke to a second term today because of his attempts to combat the financial crisis and the recession. Last week, Bernanke gave his most positive assessment of the economy yet, saying, "the prospects for a return to growth in the near term appear good." We speak with economist Max Fraad Wolff, who cuts through the numbers to expose...
    August 25, 2009 | Story
  • US Bails Out Fannie Mae & Freddie Mac Franniemaeweb
    The US government has seized control of the mortgage finance companies Fannie Mae and Freddie Mac in what could become the largest corporate bailout ever. The Treasury Department has pledged to provide as much as $200 billion as the two quasi-public companies deal with heavy losses on mortgage defaults. We speak with economist and writer, Max Fraad Wolff. [includes rush transcript]
    September 09, 2008 | Story
  • Bailout for Mortgage Giants, IndyMac Bank Collapse, Dollar Hits New Low, Inflation at 26-Year High, Dow Falls Below 11K...A Look at the Financial Crisis Wallstreetweb
    It has been a tough seven days for the US economy. On Friday, the FDIC seized control of the failed California-based IndyMac Bank. It was second largest bank failure in US history. Analysts project another 150 banks could collapse. On Sunday, Treasury Secretary Henry Paulson announced extraordinary moves to bail out the mortgage giants Freddie Mac and Fannie Mae. On Tuesday, the Dow Jones Industrial...
    July 17, 2008 | Story
  • Fed Bailout of Bear Stearns First of its Kind Since Great Depression Bearstearnsweb
    The nation’s fifth largest investment bank Bear Stearns nearly collapsed last week. It was saved only after the Federal Reserve took extraordinary measures to help JPMorgan purchase the eighty-five-year-old firm. The Fed has become the lender of last resort for other investment banks in a move that marks one of the broadest expansions of the Fed’s lending authority since the 1930s. We speak...
    March 20, 2008 | Story