Segments From this episode
Pay czar Kenneth Feinberg rebuked Wall Street firms for paying out generous bonuses, even as the firms faced insolvency. Wall Streeters probably aren't hanging their heads in shame, but federal regulators may take his words into account when drafting laws on executive compensation.
European banks underwent "stress tests," to restore trust in the European banking system during the debt crisis, but some question if the tests were rigorous enough.
The Treasury is selling Citigroup shares, as the company's way of owing its TARP money, and hired Morgan Stanley to manage the shares for them -- and to help the brokerage out. Marketplace's Nancy Marshall Genzer reports.
The ads often have distracting animations and the promise of an education program from the Obama administration specifically for single moms. Untrue, but the ads aren't necessarily the faults of the schools that they advertise for, but the "lead generators" that they employ to advertise for them.
Kai Ryssdal talks to Heidi Moore from the Big Money and Sudeep Reddy from the Wall Street Journal about the newly signed financial reform bill, Ben Bernanke was on the Hill, the TARP czar gave us his two-cents, and some executives received big fat bonuses.
Marketplace for Friday, July 23, 2010