Moyers & Company

Season 1 Episode 19

How Big Banks Victimize Our Democracy

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Aired Unknown Jun 22, 2012 on
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How Big Banks Victimize Our Democracy
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JPMorgan Chase CEO Jamie Dimon's recent appearances before Congressional committees -- many members of which received campaign contributions from the megabank -- beg the question: For how long and in how many ways are average Americans going to pay the price for big bank hubris, with our own government acting as accomplice? Rolling Stone editor Matt Taibbi and Yves Smith, creator of the finance and economics blog Naked Capitalism, discuss the folly and corruption of both banks and government, and how that tag-team leaves deep wounds in our democracy. Also, for anyone who wants to understand why, in one of the richest nations in the world, so many poor people are teetering on the edge, author and advocate Peter Edelman joins Bill to talk about continuing efforts to fight poverty, and what it will take to keep the needs of poor people on the American political agenda. A former aide to Robert Kennedy and faculty director of Georgetown University's Center on Poverty, Inequality, and Public Policy, Edelman's new book is So Rich, So Poor: Why It's So Hard to End Poverty in America.moreless
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