http://www.pbs.org/moyers/journal/10242008/watch.html
Link has a video and transcript on the page. There was more than this on the 1 hour show. This was just the opening. He then interviewed economist, James K. Galbraith about some very big changes he feels we need to make to our entire system.
Some quotes I liked:
Paulson accumulated $700 million. And now he says he's afraid that if he clamps down too harshly on compensation for his old friends, they might not be enthusiastic about participating in his plan to save our economy.
REPRESENTATIVE PETER DEFAZIO: The golden parachutes, yeah, they were exchanged for camouflaged parachutes. The execs on Wall Street are still going to get millions. Look at the loopholes there.
The cost of all these bailouts to the taxpayer is more than two and half times what we forked over twenty years ago to pay for the Savings & Loan crisis - a whopping $8,750 per household. So while you may have seen your retirement savings or college tuition account destroyed or have been on of the 800,000 who have lost their jobs so far this year, the masters of the universe are doing just fine, thank you. Treasury Secretary Henry Paulson is looking out for them.
the 30-nation Organisation for Economic Co-operation and Development - or OECD - is out this week with a new report on global gaps between rich and poor. Guess which great industrial nation had the fourth highest inequality in incomes - behind Mexico, Turkey and Portugal? Right. Us
"Rich households in America have been leaving both middle and poorer income groups behind. This has happened in many countries but nowhere has this trend been so stark as in the United States."
Link has a video and transcript on the page. There was more than this on the 1 hour show. This was just the opening. He then interviewed economist, James K. Galbraith about some very big changes he feels we need to make to our entire system.
Some quotes I liked:
Paulson accumulated $700 million. And now he says he's afraid that if he clamps down too harshly on compensation for his old friends, they might not be enthusiastic about participating in his plan to save our economy.
REPRESENTATIVE PETER DEFAZIO: The golden parachutes, yeah, they were exchanged for camouflaged parachutes. The execs on Wall Street are still going to get millions. Look at the loopholes there.
The cost of all these bailouts to the taxpayer is more than two and half times what we forked over twenty years ago to pay for the Savings & Loan crisis - a whopping $8,750 per household. So while you may have seen your retirement savings or college tuition account destroyed or have been on of the 800,000 who have lost their jobs so far this year, the masters of the universe are doing just fine, thank you. Treasury Secretary Henry Paulson is looking out for them.
the 30-nation Organisation for Economic Co-operation and Development - or OECD - is out this week with a new report on global gaps between rich and poor. Guess which great industrial nation had the fourth highest inequality in incomes - behind Mexico, Turkey and Portugal? Right. Us
"Rich households in America have been leaving both middle and poorer income groups behind. This has happened in many countries but nowhere has this trend been so stark as in the United States."