European leaders meet today to talk about cracking down on hedge funds. The U.S. dominates the hedge fund industry and has already come out strongly against the European proposal. Stephen Beard reports that a general agreement has been reached by European ministers.
Fortune Magazine's Leigh Gallagher and T. Rowe Price's Andy Brooks talk with Kai Ryssdal about what's going on in investors' minds right now and signs of recovery in the economy.
The Senate's financial reform bill continues to take shape, and though some rules may change, some aspects of the financial industry may remain constant. Former Labor Secretary Robert Reich talks to Stacey Vanek-Smith.
The latest TARP report says Wall Street banks have cut back on lending to small businesses by 9% since the program began. The bailout was meant to help open up lending. Steve Chiotakis talks to Elizabeth Warren, chair of the Congressional Oversight Panel.
New York Attorney General Andrew Cuomo is investigating whether eight Wall Street banks misled rating agencies, the latest of a string of federal inquiries into the practices of leading financial institutions.
Federal prosecutors are looking into whether Morgan Stanley bet against its investors and misled clients about derivatives deals. Wall Street Journal reporter Amir Efrati talks the details with Stacey Vanek-Smith.