Bill Moyers Interviews Simon Johnson and James Kwak on Wall Street Abuses

How did Big Finance grow so powerful that its hijinks nearly brought down the global economy – and what hope is there for real reform with Washington politicians on Wall Street's payroll? Bill Moyers talks with authors Simon Johnson and James Kwak, two of the nation's most respected economic experts and authors of the new book 13 Bankers: The Wall Street Takeover and the Next Financial Meltdown.

To hear the segment, that ran Friday, April 16, click this link:

http://www.pbs.org/moyers/journal/04162010/watch.html

Comments

Post a Comment

Popular posts from this blog

Gerald Celente: Ben Bernanke Destroying Dollar, U.S. Economy and Should Not Be Re-Appointed

Gerald Celente on Ben Bernanke By Robert Stowe England December 8, 2009 Moscow-based RT, a 24/7 English language news broadcasting service, interviewed Gerald Celente, Director the Trends Research Institute, Kingston, New York, on whether or not Ben Bernanke should be confirmed for a new term as Chairman of the Federal Reserve. RT's Washington bureau reporter Cedric Moon conducted the interview via Skype broadband. In the interview Celente charges that Bernanke should not be re-appointed to the Fed because he has been a failure as its Chairman and cited several instances where he got in wrong -- most importantly by igniting a bailout bubble that will be worse than the real estate and mortgage-finance bubble that occurred because of the mistakes made when Alan Greenspan was Chairman of the Fed. Celente declines to offer another name for Fed Chairman, noting the choice is made by Wall Street insiders to protect their own interests. Citing Timothy Geithner's position as Treasury S
Read more

John B. Stetson in the Gilded Age: Sitting on Top of the World

Image
Portrait of John B. Stetson by Irwin Benoni, 1895. Credit: John B. Stetson Company. Chapter Eight Sitting on Top of the World  Note: This sample chapter is from the forthcoming book Stetson: An American Icon             After conquering the West, the rapid growth of John B. Stetson &   Company after 1880 propelled the company toward another accomplishment – becoming the largest hatter in the world. While there are no historic data on the number of hats sold for most of the 1880s and 1890s, available information on earnings growth sheds light on the company’s rapid ascent up the ranks of hat makers. Starting from a net annual profit of $70,136 in 1879, Stetson’s earnings more than doubled to $185,457 eight years later in 1887.         By 1890, profits were sharply higher at $332,624 on an estimated $1,330,000 in revenues.   Based partly on those revenues and its ever-expanding factory complex, Stetson would claim in 1891 that it was the largest fur felt h
Read more

Crypto Index Funds Scramble to Win Over Hesitant Investors

Image
Hunter Horsley, chief executive officer of Bitwise Entrepreneurs believe that crypto index funds will greatly expand the crypto investor base just as the S&P 500 and the Russell 2000 indexes have done for stocks.   By Robert Stowe England As entrepreneurs look to take cryptocurrency mainstream, they’re copying a tried-and-trusted approach from traditional investing: indexing. Index investing is designed to generate returns that are similar to a broad market index. This approach can reduce the risk of picking individual assets which might underperform the broad market. So, in the case of an equity index,  instead of picking say Exxon, Apple, Johnson & Johnson, and Ford, for example, you invest in the broad market.  Several new crypto index products have launched recently, offering investors new avenues into the market without some of the risks associated with putting money into single blockchain projects.  Crypto indexers take their cues from broad stock
Read more