July 02, 1997


Malik Rahim

New Orleans community activist and cofounder of the Common Ground Collective.

Alice Craft-Kerney

executive director of the Lower Ninth Ward Health Clinic. Her home was devastated by the flooding of the Lower Ninth Ward. She is a former nurse with Charity Hospital in New Orleans but lost her job when Charity Hospital closed as a result of Hurricane Katrina.

The financial markets continue to soar and share prices are hitting undreamed-of heights. And in the process, more and more Americans are exposing their pensions and life savings in the stock market.

But is what’s happening on Wall Street sustainable? Or is it, as Federal Reserve Chairman Alan Greenspan said recently, irrational exuberance?

• Doug Henwood, the editor of Left Business Observer, a monthly financial newsletter, and the author of the new book Wall Street: How It Works and For Whom.

The original content of this program is licensed under a Creative Commons Attribution-Noncommercial-No Derivative Works 3.0 United States License. Please attribute legal copies of this work to Some of the work(s) that this program incorporates, however, may be separately licensed. For further information or additional permissions, contact us.