Aired 03/21/10

I've been trying to book William Greider ever since I read an article of his last August about restructuring the Federal Reserve. For some, the Fed is the at the center of all that ails us. For others, it is the right place to house any new financial regulatory powers we might gain as a result of the current crisis.

There are now 32 co-sponsors for S604 in the Senate and 317 for HR1207 in the House for bills to audit the Federal Reserve, and 95,000 have signed a petition at http://www.auditthefed.com/

Just yesterday The U.S. Court of Appeals for the Second Circuit in New York ruled the Federal Reserve must disclose the names of banks that could have collapsed if they had not received emergency loans.

Greider wrote perhaps the finest book on the Federal Reserve and always seems to keep an eye on its secretive and too powerful ways. He challenged Greenspan and Paulson long before it was fashionable. And he was right.

We'll focus on the Fed and deal with other economic and political issues if we have time.

 

Aired 07/28/09

MICHAEL LEWIS is one of my favorite popular writers. He writes about sports, business, Wall Street, Silicon Valley, political campaigns, now fatherhood - in bestselling books and for the New York Times Magazine and Vanity Fair, among others. He's smart and he has a sense of humor. Malcolm Gladwell says he's one of our best storytellers.

LEWIS was a trader at Salomon Brothers before he wrote his first best-seller, LIAR'S POKER about the excesses of Wall Street in the 1980s. He continues to write about that world with a couple of books in 2008 -- Panic: The Story of Modern Financial Insanity and The Real Price of Everything (editor) -- and a column for Bloomberg. His newest book, Home Game, is about fatherhood, so we'll talk about that, but even more we'll talk about Wall Street, madness, greed, the crash, and how we're dealing with it.

MICHAEL LEWIS received a BA in art history from Princeton University and an MSc in economics from the London School of Economics. He worked as an investment banker for Salomon Brothers before leaving to write LIAR'S POKER. Other books include MONEYBALL, on the Oakland A's, Billy Beane, and baseball's new wave of Ivy League general managers; PANIC: The Story of Modern Financial Insanity; and his newest, HOME GAME: An Accidental Guide to Fatherhood.