We have no underwriters, government grants or advertising income. Radio stations receive our programming free of charge. We have no T-shirts, coffee mugs or refrigerator magnets. We depend upon your donations, subscriptions, and program purchases to keep the lights on at AR.

Help AR spread its progressive message to larger audiences at a time when it's particularly needed! We have no underwriters, government grants or advertising income. Radio stations receive our programming free of charge. We depend solely on you, our listeners, to sustain us. You can mail us a check for any amount. Send your check to Alternative Radio, PO Box 551, Boulder, CO 80306. Or just give us a call at (800) 444-1977, Monday–Thursday 9–5pm.


Bailouts, Banks and Pyramids

Program #PRIN001. Recorded in Seattle, WA on December 03, 2009.

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 to fail. When you're too big to fail, life is a one-way bet. When you gamble and win, you walk off with the profits. When you gamble and lose, the taxpayer picks up the tab. That's what you've been experiencing. They lost, and we picked up the tab," Stiglitz says. Indeed. The banks were covered and the people were left exposed. And now there is talk about regulatory reform. Excuse the cynicism but it's likely to be a dog and pony show. Why? The foxes are designing the hen house. Wall Street wizards will quickly game the system. Maybe when elks learn to play piano real reform will be possible.


Nomi Prins

Nomi Prins is a former investment banker turned journalist. She worked at Goldman Sachs and Bear Stearns. Her articles appear in major newspapers and magazines. She is the author of It Takes a Pillage and All the Presidents' Bankers.

Customer Reviews

No reviews yet Write a review

Shopping Cart

Your cart is currently empty

Related Programs

William Black
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,...  

Arun Gupta
Banksta Capitalism

"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...

Njoki Njehu
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...

Richard Wolff
Casino Capitalism

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...

Simon Johnson
Megabanks: Too Big to Save

It was an unusual moment at the 2011 Oscars. Charles Ferguson, director of the award-winning documentary "Inside Job," told the audience, "Forgive me, I must start by pointing out that...  

Nomi Prins
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...  

(800) 444-1977