WAMU 88.5 : The Diane Rehm Show

The Global Banking Scandal

The deputy governor of the Bank of England Paul Tucker goes before the British Parliament today as part of a widening probe into bank manipulation of a key interest rate. He will be quizzed about whether banks were encouraged to lie about the LIBOR during the 2008 financial crisis. LIBOR is the acronym for London interbank overnight rate, used to set interest rates for trillions of dollars of contracts worldwide. The scandal has already cost Barclays Bank its top three officials. As part of a $450 million dollar settlement with U.S. and U.K. regulators, the British banking giant admitted to rigging the LIBOR as early as 2005. The probe has widened to most global banks. Joining Diane to discuss the fallout are University of Maryland School of Law professor Michael Greenberger, chairman of the Commodity Futures Trading Commission Gary Gensler, Francesco Guerrera of The Wall Street Journal and Andrew Palmer of The Economist.


Sandra Cisneros Crosses Borders And Boundaries In 'A House Of My Own'

The author's new memoir collects three decades worth of her journeys in search of a sense of home. "I guess I didn't realize I was gonna be crossing borders my whole life," she says.

For Israeli-Born Chef, Hummus And 'Tehina' Are A Bridge To Home

Chef Michael Solomonov sees his mission as connecting people to the food of his homeland. "That, to me, is my life's work," he says. Solomonov's new cookbook is Zahav: A World of Israeli Cooking.

Obama Begins Sales Pitch To Congress On Trans-Pacific Partnership

Negotiators reached agreement on a massive trade deal this week. It sets in motion a complex political fight — one that involves federal policy, the national economy, President Obama's legacy, and creates a backdrop for the 2016 presidential election.

FAA Proposes Record Fine Against Drone Operator

The FAA is proposing a nearly $2 million fine against a drone operator it says was operating outside the rules and endangering safety. NPR talks to the head of the FAA about what's behind the hefty penalty.

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