Andrew Lo joins host, Neil DeGrasse Tyson, to discuss personal finance and the science of money management, guiding listeners on a non-random walk down Wall Street and revealing the neurobiology behind financial transactions. TV host Suze Orman also gives her two cents about investing, the economic meltdown, and the impact of science on the financial world.
In this episode, Planet Money hosts take a closer look at proprietary trading, which is under attack by the latest proposal from the Obama administration. The new banking regulations proposed by the president call for a ban on commerical banks engaging in potentially risky trades with their own funds—or, in some cases, your own funds. Professor Andrew Lo helps shed some light on the murky world of 'prop trading.'