Financial Reform

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Uploaded by on Apr 21, 2010

A Senate panel voted Wednesday to ban banks from the lucrative derivatives market. Rick Newman, Chief Business Correspondent for U.S. News & World Report, talks to Up To The Minute about the latest on financial reform.

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  • @plynth2 I didn't think I meant that. I guess I just liked how they addressed both sides of the issue equally. It didn't seem like there was a lot of bias here, that's all.

  • @SewardsLesson You mean "real news" sounds like Fox's Republican propaganda?

  • These so-called hedge and derivative are for cooking books to confusing speculations. There is no clear and real productivity but encourage lies, black mailings and greed in these naming, mixing and renaming of selling for bets. Govt must outlaw all of them as investment if they really want to regain investors of our ranked #1 financial center of the world for our economy.

  • If the federal government is insolvent why don't we just get rid of it? We have 50 state government that are not insolvent. Well 49, not counting Calipornia. Why do we need a federal government that is too big to fail?

  • this is what real news sounds like, Fox

  • Michael Coops quoted Shakespeare: MICHAEL COPPS: "There is a tide in the affairs of man/Which, taken at the flood, leads on to fortune;/Omitted, into all the voyage of our life/Is bound in shallows and in miseries." Opportunities to reform anything come infrequently and Shakespeare is saying ride the tide.

  • great reporting Rick.

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