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Listen "Broken Bargain by Kathleen Day"
Episode Synopsis
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Title: Broken Bargain
Author: Kathleen Day
Narrator: Bernadette Dunne
Format: mp3
Length: 15 hrs and 41 mins
Release date: 08-13-19
Ratings: 4.5 out of 5 stars, 9 ratings
Genres: Banks & Banking
Publisher's Summary:
In the 1930s, battered and humbled by the Great Depression, the US financial sector struck a grand bargain with the federal government. Bankers gained a safety net in exchange for certain curbs on their freedom: transparency rules, record-keeping and anti-fraud measures, and fiduciary responsibilities. By the free-market era of the 1980s and 90s, however, Wall Street argued that rules embodied in New Deal-era regulations to protect consumers and ultimately taxpayers were no longer needed - and government agreed.
Title: Broken Bargain
Author: Kathleen Day
Narrator: Bernadette Dunne
Format: mp3
Length: 15 hrs and 41 mins
Release date: 08-13-19
Ratings: 4.5 out of 5 stars, 9 ratings
Genres: Banks & Banking
Publisher's Summary:
In the 1930s, battered and humbled by the Great Depression, the US financial sector struck a grand bargain with the federal government. Bankers gained a safety net in exchange for certain curbs on their freedom: transparency rules, record-keeping and anti-fraud measures, and fiduciary responsibilities. By the free-market era of the 1980s and 90s, however, Wall Street argued that rules embodied in New Deal-era regulations to protect consumers and ultimately taxpayers were no longer needed - and government agreed.
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