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Showing videos filed under: financial crisis
Diana Henriques: Bernie Madoff's Deadly Sins
May 6, 2011Bernie Madoff, the infamous Wall Street Ponzi schemer who became one of the villains of the economic crisis, played on his clients' fear, not their greed. So says Diana Henriques, author of the new book Wizard of Lies. Having twice interviewed Madoff in prison, Diana notes that his personal charisma combined with Wall Street's lax regulations to create a perfect storm that wiped out his clients' wealth.Heather McGhee: Deficit Obsession is Depression-Maker
May 6, 2011"Saying when the economy is at its weakest we're going to put into law that we can't spend more to pick ourselves up...that's a depression-maker," says Heather McGhee of Demos. But despite warnings from economists from all over, the government in Washington, Democrats and Republicans both, remain obsessed with the deficit.Heather McGhee, Diana Henriques, and Tom Morello
May 5, 2011"Saying when the economy is at its weakest we're going to put into law that we can't spend more to pick ourselves up...that's a depression-maker," says Heather McGhee of Demos. But despite warnings from economists from all over, the government in Washington, Democrats and Republicans both, remain obsessed with the deficit.Kai Wright: Payday Lending and the Battered Borrower
April 13, 2011"Everyone from the FDIC to the Pentagon have said that people are doing this as a way of life ... they are trapped in a series of loans," says Kai Wright individuals and families who've become entangled in the system of payday lending. High-interest loans are being made to the people who need the extra cash most--and who are most unable to repay.Kai Wright; Richard Wolff & Karen Finney; and the Military Budget
April 12, 2011"Everyone from the FDIC to the Pentagon have said that people are doing this as a way of life ... they are trapped in a series of loans," says Kai Wright of individuals and families who've become entangled in the system of payday lending. High-interest loans are being made to the people who need the extra cash most--and who are most unable to repay.Danny Schechter: Economic Organized Crime
June 29, 2010The economic crisis needs to be investigated using RICO laws used against organized crime, says Danny Schechter, author and director of Plunder: The Crime of Our Time. Wall Street made billions off mortgage fraud, and all the busts of mortgage lenders in the world won't get the real culprits.Danny Schechter, Obama and LGBT Rights, and Gun Control
June 29, 2010The economic crisis needs to be investigated using RICO laws used against organized crime, says Danny Schechter, author and director of Plunder: The Crime of Our Time. Wall Street made billions off mortgage fraud, and all the busts of mortgage lenders in the world won't get the real culprits.Economic Recovery For All or a Few?
April 27, 2010Daniel Gross in Newsweek recently declared that all the doom and gloom about the economy was just exaggeration. But is that really the case? Or is the economy still failing far too many people? David DeGraw, author of The Economic Elite vs. The People of the United States of America, says that the story of recovery is just a bit premature. Both men join Laura in studio to debate the state of the economy.Rinku Sen, Economic Recovery, and New York's Doormen
April 26, 2010Last Friday, Arizona Governor Jan Brewer signed into law the country's most repressive immigration bill, SB 1070, which criminalizes undocumented immigrants and gives police the authority to demand papers from anyone they suspect of being undocumented. Though Brewer, a Republican who took over from Janet Napolitano when she left to become Obama's Homeland Security secretary, claims that there are protections in the bill to prevent racial profiling, it's hard to imagine a way that officers will decide from whom to demand papers that won't involve the color of their skin or the language that they speak.Risk Analysts Risk Little Themselves
November 18, 2009Though the Bush administration and many other insiders claimed that no one could've seen the collapse coming, construction workers, whose own pension funds were invested in these companies, knew that there was a housing bubble and feared for their own retirement money. This video from the Huffington Post Investigative Fund takes a look at the rating agencies and their future.
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