Democracy Now!

Season 2008 Episode 0917

Wednesday, September 17, 2008

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Aired Unknown Sep 17, 2008 on Democracy Now!
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Episode Summary

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Wednesday, September 17, 2008
AIRED:
The US government has seized control of insurance giant American International Group in an unprecedented $85 billion bailout. The Federal Reserve made the deal on Tuesday to save AIG from collapse in what the New York Times describes as “the most radical intervention in private business in the central bank’s history.” The move comes as a series of financial crises has altered the landscape of Wall Street. We speak with investment banker turned journalist, Nomi Prins, and Michael Hudson, president of the Institute for the Study of Long-Term Economic Trends. [includes rush transcript]moreless
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Thursday, December 11...
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