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Showing videos filed under: Ponzi scheme
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, 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.Wall Street's Many Madoffs
February 3, 2009What separates Bernie Madoff from the titans of Wall Street? For one, he doesn’t have the backing of Uncle Sam. According to some, Madoff’s Ponzi scheme pales in comparison to the scams on Wall Street. Tonight on GRITtv Danny Schechter the author of Plunder: Investigating Our Economic Calamity and the Subprime Scandal, Lindsay Beyerstein a writer for the Washington Independent, actor and activist Janeane Garofalo, and Stephen Lerner the Director of SEIU’sThe Real Ponzi Scheme, Republic Windows and Doors, and Yip Harburg at the Superbowl
February 2, 2009What separates Bernie Madoff from the titans of Wall Street? For one, he doesn’t have the backing of Uncle Sam. Workers and organizers from Republic Windows and Doors on the Chicago sit down strike. And a second look at GE's superbowl ad.On Wall Street, Who Madoff and Who Made More?
February 2, 2009What separates Bernie Madoff from the titans of Wall Street? For one, he doesn’t have the backing of Uncle Sam. Today on GRITtv Danny Schechter, Lindsay Beyerstein, Janeane Garofalo, and Stephen Lerner discuss the other Ponzi scheme, the one we should all be worried about.
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