Charles Wheelan is the author of the best-selling Naked Statistics and Naked Economics and is a former correspondent for The Economist. He teaches public policy and economics at Dartmouth College.

Consider the $20 bill.

It has no more value, as a simple slip of paper, than Monopoly money. Yet even children recognize that tearing one into small pieces is an act of inconceivable stupidity. What makes a $20 bill actually worth twenty dollars? In Naked Money, Charles Wheelan uses this seemingly simple question to open the door to the surprisingly colorful world of money and banking.

Courtesy Photo/ Osher Lifelong Learning Institute at Berkshire Community College

The Osher Lifelong Learning Institute at Berkshire Community College is presenting a talk on the Federal Reserve’s response to the 2008 recession. Sandy Krieger spent more than 30 years at the Federal Reserve Bank of New York. Between 2008 and 2015 she was Executive Vice President, Chief Risk Officer and member of the Management Committee of the Bank. She retired in 2015 and does not speak on behalf of the Federal Reserve system. Krieger spoke with WAMC about what it was like inside the Federal Reserve during the recession.

  Eight years on from the biggest market meltdown since the Great Depression, the key lessons of the crisis of 2008 still remain unlearned—and our financial system is just as vulnerable as ever. Many of us know that our government failed to fix the banking system after the subprime mortgage crisis. But what few of us realize is how the misguided financial practices and philosophies that nearly toppled the global financial system have come to infiltrate ALL American businesses,  putting us on a collision course for another cataclysmic meltdown. 

Drawing on in-depth reporting and exclusive interviews at the highest rungs of Wall Street and Washington, Time assistant managing editor and economic columnist Rana Foroohar shows how the “financialization of America” - the trend by which finance and its way of thinking have come to reign supreme - is perpetuating Wall Street's reign over Main Street, widening the gap between rich and poor, and threatening the future of the American Dream. 

3/3/15 Panel

Mar 3, 2015

   The Roundtable Panel: a daily open discussion of issues in the news and beyond.

Today's panelists are WAMC’s Alan Chartock, SUNY at Albany journalism professor and investigative journalist, Rosemary Armao, and political consultant, Libby Post.

Topics include: President Obama and Prime Minister Netanyahu on Iran; Hillary Clinton's personal email use; Ebola nurse sues hospital; Warren Buffett warns banks; and Lewinsky reference in Bill Clinton’s official portrait.

The Consumerist

Bank of America Corp., the biggest bank in Massachusetts, plans to close four more branches in the state in March.

U.S. Senator Scott Brown is urging JPMorgan Chase CEO Jamie Dimon to take back bonuses and incentive pay from those involved in risky trading that led to a $2 billion loss. WAMC’s Lucas Willard reports…

Brown said Wednesday that taking back the bonuses, including any money Dimon might have received, would demonstrate the bank is serious about fixing the mistakes that led up to the loss.

Brown's comments came as Dimon told Congress that senior bank executives responsible for a $2 billion trading loss will probably have some of their pay taken back by the company.