We discuss the possibility of another financial crash and the risks big banks are taking that could cause it. 

Coronavirus Economy: Are Big Banks On The Verge Of Financial Crisis?

Dorey Scheimer

Senior Editor, On Point

Anthony Brooks

Senior Political Reporter

Fed Chairman Jerome Powell (L) and Treasury Secretary Steven Mnuchin (R) appear before the House Committee on Financial Services for a hearing on oversight of the Treasury Department and the Federal Reserve's pandemic response on June 30, 2020. (Bill O'Leary/Pool/Getty Images)

Could the U.S. be on the verge of a financial crash? That's what Frank Partnoy considers in a recent article in The Atlantic. He joins us to talk about the possibility of a financial crash and the risks big banks are taking. Frank Partnoy and Rep. Katie Porter join Anthony Brooks.

Money

Business

Economy

Should the federal government help shore up state budgets? 

Is A Bailout Coming For Strained State Economies?

Meghna Chakrabarti

Host, On Point

Brittany Knotts

Freelance Producer

Senate Majority Leader Mitch McConnell of Ky., speaks with reporters after the Senate approved a nearly $500 billion coronavirus aid bill, Tuesday, April 21, 2020, on Capitol Hill in Washington. (Patrick Semansky/AP Photo)

The pandemic has ravaged state and city budgets across the country, and revenues are sharply down at a time when public services are needed more than ever. Should the federal government help shore up state budgets? Kimberly Atkins and Michael Leachman join Meghna Chakrabarti.

On Point's Coronavirus Hours

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All of On Point's coronavirus-related shows, in one place.

WBUR's ongoing coverage of the new coronavirus.

Novel Coronavirus

Health

News

Uncategorized

More and more economic indicators are pointing in the wrong direction and fears are growing that we are heading into a global recession.

'The Global Downturn Has Already Begun': Bracing For Recession

A television screen on the floor of the New York Stock Exchange headlines the day's trading, Monday, Aug. 5, 2019. (Richard Drew/AP)

Financial Markets Wall Street

More and more economic indicators are pointing in the wrong direction and fears are growing that we are heading into a global recession. One economist calls this the "summer of fear." Rana Foroohar, Jay Foreman and Win Cramer join Meghna Chakrabarti.

Retirement

Unemployment is at rock bottom but wages are flat and a skyrocketing number of older Americans can’t afford to retire. We’ll go behind the numbers for answers.

Unemployment Down, Wages Stagnant, Retirement Difficult: An Economic Survey

A job applicant looks at job listings for the Riverside Hotel at a job fair hosted by Job News South Florida, in Sunrise, Fla, June 21, 2018. (Lynne Sladky/AP)

Economy Jobs Report

Unemployment is at rock bottom but wages are flat and a skyrocketing number of older Americans can’t afford to retire. We’ll go behind the numbers for answers. Heidi Shierholz, Thomas Geoghegan, Tom Coomer and Alicia Munnell join Meghna Chakrabarti.