Category Archives: Media

On NPR: Dodd-Frank Rollback ‘Completely Ignores’ How Financial System Works

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“What worries me about this is it completely ignores the way our financial system actually works. No bank is an island in today’s world, regardless of its size. Midsize banks sell their loans upstream. They form syndicates that take on bigger risks. They provide critical lines of credit to big local industries that are big employers, so they’re connected to the larger economy in dozens of ways we may not even see until the dominoes start to fall.”

Read the full article here.

Talks at GS: Lessons Learned from Black Monday

Diana discusses the lasting lessons from Black Monday – the biggest drop in Wall Street history – and the relevance in understanding today’s markets, along with insights from her extensive reporting on the Bernie Madoff scandal. Part of the Talks at GS series of Goldman Sachs.

TED Talk: Lessons From History’s Biggest Ponzi Scheme

One of the most challenging things I’ve done lately was to prepare, memorize, and deliver a TEDx talk at Yale earlier this month. Called “Trust, Lies and Bernie Madoff,” it explores the paradox of trust. Trust is both a nourishing, enriching part of life and an essential element of a healthy economy and a healthy society. BUT it is also “the only weapon a con man needs to destroy his victims’ lives.” How should we navigate the dual nature of trust when we handle our money? See my suggestions in the video above.

CSPAN BOOKTV INTERVIEW

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Diana Henriques talked about her book, A First-Class Catastrophe, about the worst day in stock market history. On that day, October 19, 1987, the market lost 22 percent of its value. She spoke with Bloomberg View columnist Joe Nocera.

See the video.

WNYC Interview on Black Monday Anniversary

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“We came so close to a system cracking meltdown, fuse blowing crisis.”

On October 19, 1987, the Dow Jones had its biggest one-day drop in Wall Street history. On the 30th anniversary of the crash, WNYC looks at the causes of “Black Monday” and what it reveals about the fissures that still plague our financial system. Crash Course is supported by the Park Foundation.

Link to the full series.

Marketplace Interview

“What we have failed to recognize is we’re regulating as if we still have this mom-and-pop stock market where stocks trade over here, and bonds trade over there, and derivatives trade over here. That’s gone with the wind. That is not coming back. It was gone before Black Monday.”

See the article page here.