the tactics that they used, i thought to believe were disgraceful. louise story is all over the financial crisis and her latest piece focuses on why two years later we haven t seen handcuffs. louise, welcome back here. what s the most damning aspect of everything that you ve recently combed through? well, senator levin has been saying that the s.e.c. has been slow to act. and what we ve been investigating for the last several months is why have regulators been slow to act? and what we uncovered was, since the financial markets were stirred up in 2008, there were a number of key decisions that were made that held back cases. for instance, we found out about an fbi memo that was then retracted later on. we found out about an s.e.c. policy let me back, the fbi memo was going to increase funds to mortgage fraud.
typically when you have a job you spend money. consumers pull out of the recession. people are not buyi new houses or moving out from living with their sister-in-law when they don t have a job. jobs are nee aded to improve th economy. and we re not going to have time to talk about it, but i wish we did. is this the new normal? louise story, thank you so much. it s a story we all care about so much. this may not come as a shock to many of you, but older folks across the country are laboring longer, and at more strenuous jobs than ever before. this is a new study for the center of economic policy and research. it found one in three workers over the age of 58 does a physically demanding job, and may be required to do so for longer if the social security age is raised even higher. it s going to be tough many
to do. saying that he s somehow supporting stoo big to fail. it s the too big to fail guys that are going after him. it s crazy, but that s how politics works. you jam the signals, you confuse the heck out of people and you re offering them money on the other hand. so when they think, well we want to win in november, if we turn too much against the banks, thee going to hammer us, they re going to give all the money to our opponents, how much risk do we want to take? that s unfortunately the political reality. we need leadership, we need the white house to cut through this. we need a strong speech from president obama on thursday. this is a huge opportunity for him, particularly in the case of the s.e.c. against goldman. if he blows it on thursday, i don t know where we re going to go. simon, i m going to leave it right there. i appreciate your analysis as always. 13 bankers, the book. gretchen morganson of the new york times. if you re not following her reporting on this issue, i h
that i believe you should be listening to when it comes to trying to understand this very complex and centrally-important issue to the future of our country for our children, for our students, for our middle class and for our retirees, we must get this right. let s add gretchen to that list. whose journalism most recently on goldman sachs, along with louise story, has exposed what is hopefully the opening act as gretchen just pointed out in the massive investigation of fraud on wall street. that is something we all need to be pushing right now to get, bear in mind the treasury department through its five trustees has the capacity to unleash a raft of email out of aig and goldman sachs that would reveal god knows what. gretchen and louise join others like of course, the sheriff of wall street, eliot spitzer, lawmakers like ted kaufmann, congressman allen grayson. check out dylan.msnbc.com for a full list of those who not only get it, but are believers in
but no snow day for some congressional leaders. next hour, the top five members of the senate and house will be at the white house. they had this obesity event, and the president was concerned for the pool, and he said, i don t want them to freeze out there, and then waited and said, don t track any snow in here. they don t make it very easy. concerned, but more concerned about the carpet. moving on, when insurance giant aig was teetering on the brink, did goldman sachs somehow push them over the edge? you know, this anti-goldman stuff is everywhere, worldwide these days, even connected to greece. and now there s even more to fuel it as the securities and exchange commission is examining goldman s role in aig s collapse, which led to largest u.s. bailout ever, $180 billion. louise story is with the new york times. she and her coworker wrote this story about the dispute between