priests are ordained to be good shepherds. this is anything but being a good shepherd when you abuse children and you violate their innocence and their persons. brown: fred de sam lazaro tells the story of vietnamese- american entrepreneurs, returning to their homeland to do business. 35 years after the south fell and became part of the socialist republic of vietnam, the capitalists are back. ifill: and we close with an update on the financial crisis roiling another continent, europe, where markets plunged after greece saw its debt downgraded today to junk status. that s all ahead on tonight s newshour. major funding for the pbs newshour has been provided by: and with the ongoing support of these institutions and foundations. and. this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. brown: leaders of goldman sachs were called to account by irate senators today, but t
this program is made possible by contributions to your pbs station from viewers like you. thank you. captioning sponsored by wpbt susie: good evening, everyone. the fraud case against goldman sachs stirred up action from wall street to washington today. the obama administration is pushing ahead with plans to reform the financial system, and, tom, president obama will be on wall street thursday to make the case for financial overhaul. tom: susie, on wall street the dow bounced back from friday s sell-off with financial stocks leading the way. even shares of goldman found buyers in the afternoon, gaining almost 2%. susie: but none of that is stopping the momentum on capitol hill for regulatory reform. congressman barney frank s financial services committee will hold hearings tomorrow. ahead of that, he told our stephanie dhue the alleged fraud at goldman sachs could have been prevented if the right legislation had been in place. what was at the root of this were bad loa
priority. it s a crucial test they face. because if clients depart for the other few firms left standing in the wake of the crisis, they re going to have trouble. let s discuss more about this and potential reputational risk and clipt fallout for goldman sachs. we re joined by wall street journal reporter greg zuckerman. greg is not just one but two front page articles on goldman. and his book the greatest trade r is the definitive insider look at how john paulson profited off of subprime s demise. also jeff mcdonald, who s just taken a look at whether clients will start to walk away from the firm. his latest book is last man standing, the only authorized biography of jp morgan s chief, jamie diamond. putting aside the issue of criminality or even impropriety, i think your point is whether these guys are a jivictim of thr own success. their job has been to hire the smartest people and find the ways to make the most money. and that s what they ve done. if you re a clie
this program is made possible by contributions to your pbs station from viewers like you. thank you. captioning sponsored by wpbt susie: good evening, everyone. the fraud case against goldman sachs stirred up action from wall street to washington today. the obama administration is pushing ahead with plans to reform the financial system, and, tom, president obama will be on wall street thursday to make the case for financial overhaul. tom: susie, on wall street the dow bounced back from friday s sell-off with financial stocks leading the way. even shares of goldman found buyers in the afternoon, gaining almost 2%. susie: but none of that is stopping the momentum on capitol hill for regulatory reform. congressman barney frank s financial services committee will hold hearings tomorrow. ahead of that, he told our stephanie dhue the alleged fraud at goldman sachs could have been prevented if the right legislation had been in place. what was at the root of this were bad loa
this program is made possible by contributions to your pbs station from viewers like you. thank you. captioning sponsored by wpbt susie: good evening, everyone. the fraud case against goldman sachs stirred up action from wall street to washington today. the obama administration is pushing ahead with plans to reform the financial system, and, tom, president obama will be on wall street thursday to make the case for financial overhaul. tom: susie, on wall street the dow bounced back from friday s sell-off with financial stocks leading the way. even shares of goldman found buyers in the afternoon, gaining almost 2%. susie: but none of that is stopping the momentum on capitol hill for regulatory reform. congressman barney frank s financial services committee will hold hearings tomorrow. ahead of that, he told our stephanie dhue the alleged fraud at goldman sachs could have been prevented if the right legislation had been in place. what was at the root of this were bad loa