 | |
| | | | |
|
What will it take to reform Wall Street and restore investors' trust? What has been learned from the recent scandals? And what, if anything, can investors do recoup their losses? |
|
|
  |
|
| Eliot Spitzer's investigations exposed Wall Street's corrupt business model. But real reform, writes FRONTLINE correspondent Hedrick Smith, will have to address the deeper, unresolved issue of banking deregulation. |
|
 |
|
| Some call it "chicken feed," but the global Wall Street settlement includes a $387 million restitution fund for investors who lost money due to fraudulent analysis. So how does one go about claiming one's share? And is this the only recourse? Here's a look at the basics, and a Q&A with a lawyer who represents investors. |
|
 |
|
| Many question whether the much-touted "structural reforms" required by the recent $1.4 billion settlement -- including measures to insulate research analysts from their investment banking colleagues -- go far enough, and most importantly, whether they'll do much to change the culture of Wall Street. Is Wall Street -- and the investing public -- destined to repeat the mistakes of the past? Excerpts from FRONTLINE's interviews with Eliot Spitzer, Arthur Levitt, Alan Blinder, Charles Geisst, and Scott Cleland. |
|
 |
|
| A brief outline of the deal struck between Wall Street and regulators in the final settlement announced on April 28, 2003. |
|
 |
|
| On May 7, 2003, the Senate Banking Committee held a hearing to examine whether the settlement could change the culture of Wall Street. This Web site contains the prepared testimonies of William Donaldson, chairman of the SEC, Eliot Spitzer, attorney general of the state of New York, Richard Grasso, chairman and CEO of the New York Stock Exchange, Robert Glauber, chairman and CEO of the National Association of Securities Dealers, and Christine Bruenn, president of the North American Securities Administrators Association |
| |
|
|
home » introduction » worldcom » fixing the street? » washington » interviews
discussion » producer's chat
tapes & transcripts » press reaction » credits » privacy policy
FRONTLINE » wgbh » pbsi
published may 8, 2003
web site copyright WGBH educational foundation
|
|
