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Justice, Peace, and Integrity of Creation

A Ministry of the Missionary Oblates of Mary Immaculate

United States Province

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Fr. Seamus Finn’s work on derivatives is profiled on PBS’s Nightly Business Report

July 19th, 2017

Fr. Seamus Finn’s work on derivatives is profiled on PBS’s Nightly Business Report.

Watch the Nightly Business Report from June 7, 2010…

 

How doesNBR the financial system affect the poorest of the poor? Watch the June 7th issue of the Nightly Business Report for a segment on faith-based investors and efforts to rein in the derivatives market – a cause of the recent instability that has affected nearly everyone.

In an interview with Darren Gersh, Seamus Finn, OMI clearly draws the connections between decisions made by bankers and the lives of the poor. Fr. Finn talks about the need for greater disclosure of derivative risk – disclosure that a significant number of other shareholders have favored in recent Resolutions with Citibank, JP Morgan Chase, and Goldman Sachs. Up next is legislation on Capitol Hill that could force banks to spin off their derivatives business.

Watch the Nightly Business Report from June 7, 2010 on Vimeo…

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