Megabanks: Too Big to Save
Program #JOHS001. Recorded in Cambridge, MA on January 31, 2011.
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Bailouts, Banks and Pyramids
Joseph Stiglitz, the Nobel Prize-winning economist comments on the fiscal crisis: "The incentive structures in the financial sector encouraged excessive risk taking. So many of our banks became too big...
Banks, Fraud & Looting
Bankers brought the world's economy to the brink of collapse and then as the Occupy slogan says, “We got sold out, they got bailed out.” In many ways Goldman Sachs,...
"We cannot rebuild this economy on the same pile of sand," declares the president. But it seems that's what going on. Obama's treasury secretary says, "We have a financial system...
Breaking the Chains of Debt: Jubilee 2000
Third World countries are reeling under staggering debt. The World Bank and the IMF impose punitive austerity programs which result in massive cuts in vital social services like education and...
F. Scott Fitzgerald in The Great Gatsby, his signature novel about the Roaring Twenties, wrote, "They were careless people. They smashed up things and creatures. Then they retreated back into...
The Wall Street/White House Axis
When the financial history of this era is written it will scarcely be believed. Never have so many been ripped off by so few. There is an insidious alliance between...