382: The Watchmen

382: The Watchmen

Jun 5, 2009
Since Congress hasn't held 1930's-style hearings into the causes of the financial crisis, we stage one of our own.
The subject? The regulators and watchdogs who were supposed to be overseeing the banks and the finance industry—to make sure things wouldn't blow up like they have. Clearly something went wrong. Today we pound a gavel and ask: Where were the watchmen?

Today's show is a co-production with NPR News, part of our Planet Money project. The Planet Money blog and thrice-weekly podcast is at www.npr.org/money.

Download a transcript.

  • Planet Money reporter Chana Joffe-Walt asks a simple question: Who was the federal regulator who was supposed to be regulating AIG? The answer turns out to be far from simple. (21 minutes) BusinessEconomicsGovernment

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