Must-see Bill Moyers program on the corrupt finance-government nexus

[marmar]

http://vimeo.com/44511302


Rolling Stone editor Matt Taibbi and Yves Smith, creator of the finance and economics blog Naked Capitalism, join Bill to discuss the folly and corruption of both banks and government, and how that tag-team leaves deep wounds in our democracy. Taibbi’s latest piece is “The Scam Wall Street Learned from the Mafia.” Smith is the author of ECONned: How Unenlightened Self Interest Undermined Democracy and Corrupted Capitalism.


http://billmoyers.com/segment/matt-taibbi-and-yves-smith-on-the-follies-of-big-banks-and-government/

[malaise]

1. Thanks

[cantbeserious]

2. Basically, The Message Is That The System Is So Broken It Cannot Be Fixed

eom

[noise]

4. There is a fix

According to our leaders the fix is to cut the safety net. AKA shared sacrifice.

The "good news" is that the Obama administration won't call for as many cuts as a Romney administration would.

[marmar]

5. Yep. The guests seemed resigned to it.

nt

[marmar]

3. Sometimes you kick, sometimes you get kicked.....