On The Posner Show, Sarah speaks with Natan about increasing “price tag” terrorism perpetrated against Palestinians in the Israeli occupied territories. What’s fueling these attacks? And why haven’t the Israeli Defense Forces stopped them? Natan thinks the violent extremists may have sparked a backlash. But can the settlement establishment do anything about the attacks? Finally, Natan argues that Israeli apathy is one reason the peace process isn’t moving forward.
Glenn and Larry discuss the LIBOR rate-fixing scandal. Larry gets into the details about how LIBOR works, lamenting a lack of transparency in the gigantic global financial derivatives market. Larry tells how his visit to the Goldman Sachs trading floor made him sick to his stomach. They use the Tylenol drug tampering crisis to explicate our banking woes. Larry explains why leverage plus opacity plus limited liability is a formula for perpetual financial crisis, and recommends creating a financial version of the FDA to certify the “health” of financial instruments. Glenn and Larry outline why banking is different than any other kind of business.