Bill Moyers: What Big Banks Are Getting Away With

[marmar]

http://vimeo.com/62447888


Sheila Bair on Big Banks’ Greed and Impunity
March 22, 2013

Sheila Bair, the longtime Republican who served as chair of the Federal Deposit Insurance Corporation (FDIC) during the fiscal meltdown five years ago, joins Bill to talk about American banks’ continuing risky and manipulative practices, their seeming immunity from prosecution, and growing anger from Congress and the public.

“I think the system’s a little bit safer, but nothing like the dramatic reforms that we really need to see to tame these large banks, and to give us a stable financial system that supports the real economy, not just trading profits of large financial institutions,” Bair tells Bill.

Bair is the author of Bull by the Horns: Fighting to Save Main Street from Wall Street and Wall Street from Itself.


http://billmoyers.com/segment/sheila-bair-on-big-banks-greed-and-impunity/

[woo me with science]

1. "...growing anger from Congress." Really?

Wall Street Deregulation Garners Bipartisan Support Despite Devastating JPMorgan Report
http://www.democraticunderground.com/10022539673

Uh Oh... 'Wall Street Deregulation Advances As Top Democrat Warns That Vote Could 'Haunt' Congress'
http://www.democraticunderground.com/10022542610

Thank goodness for Bill Moyers, but who wrote this line about Congress?

K&R