Shows featuring Michael Hudson

  • Jon Corzine’s MF Global Firm Collapses in Biggest Wall Street Failure Since Lehman Brothers Splash_image20111103-11498-1pg11rs-0
    In a major banking scandal, the commodities and derivatives brokerage house MF Global filed one of the largest bankruptcies in American corporate history, with almost $40 billion in liabilities. It was the largest failure on Wall Street since the collapse of Lehman Brothers in 2008. The chairman and chief executive officer of...
    November 03, 2011 | Story
  • Wall Street vs. Greece: G20 Opens as Greek PM Pushes for Referendum on Bailout and Austerity Measures Splash_image20111103-5805-7gjn1j-0
    World leaders are gathering in Cannes for the opening of the Group of 20 summit today. On the top of the agenda is the Greece bailout and the European debt crisis. On Monday, Greek Prime Minister George Papandreou angered many European leaders by announcing his support for a popular referendum—allowing the Greek people to decide...
    November 03, 2011 | Story
  • After Months of Partisan Wrangling, Wall Street & Pentagon Emerge Victorious on Debt Deal Us_debt_vote_button
    After months of a bitterly partisan stalemate, the U.S. House of Representatives has voted 269 to 161 in favor of raising the federal borrowing limit and avoiding a default on the national debt. The final count showed 174 Republican ayes, with Democrats split evenly—95 on each side. The vote came just hours before a Department...
    August 02, 2011 | Story
  • Pushing Crisis: GOP Cries Wolf on Debt Ceiling in Order to Impose Radical Pro-Rich Agenda Us_debt
    President Obama and Republican House Speaker John Boehner are allegedly close to a $3 trillion deficit-reduction package as part of a deal to raise the federal debt ceiling before an Aug. 2 deadline. But the deal is coming under fire from both congressional Democrats and Republicans. Part of it calls for lowering personal and...
    July 22, 2011 | Story
  • New $600B Fed Stimulus Fuels Fears of US Currency War Michael-hudson
    The Federal Reserve will pump $600 billion more into the US economy and keep interest rates at historical low levels. The short-term impact of the Fed’s move, known as quantitative easing, has been a jump in stock prices across the globe. Many nations, however, have accused the United States of waging a currency war by...
    November 05, 2010 | Story
  • "Silencing the Whistleblowers": How Will Financial Reform Prevent Another Crash If Banks Subvert Their Warning Systems? Whistleblower
    A two-part investigative series called "Silencing the Whistleblowers" reports that when fraud investigators working within big banks tried to warn their superiors of shady practices, they were not only ignored, but frequently harassed, demoted or even fired. We speak to the article’s author, journalist Michael...
    May 20, 2010 | Story
  • Robert Kuttner and Michael Hudson on the Obama Administration’s $789 Billion Economic Stimulus Package and $2.5 Trillion Bank Recovery Plans Obamastimulusweb
    Both the House and Senate are set to vote today on the $789 billion economic stimulus package. The vote follows weeks of political wrangling that culminated in compromise legislation struck on Wednesday. The final size of the package is less than what both the House and Senate originally passed and far smaller than what many economists say is needed. But it still marks the nation’s largest...
    February 13, 2009 | Story
  • Naomi Klein, Robert Kuttner and Michael Hudson Dissect Obama’s New Economic Team & Stimulus Plan Obamaeconweb
    On Monday, Obama named New York Federal Reserve Bank President Timothy Geithner to the post of the Treasury Secretary. Former Treasury Secretary under Clinton, Lawrence Summers, was named the Director of the National Economic Council in the White House. Obama also called for a stimulus plan that will "give a jolt to the economy." We host a roundtable discussion about Obama’s latest...
    November 25, 2008 | Story
  • As Stocks Plummet Across the Globe, Bush to Host Emergency Finance Meeting at White House Stocksdropweb
    In the largest loss since the crash of 1987, the Dow Jones Industrial Average fell over seven percent on Thursday, closing below 9,000 for the first time in five years. Over the past six trading days, the Dow has plummeted over 2,200 points, or about 21 percent. Earlier today, global stock values fell in trading as fears grow of a worldwide recession. [includes rush transcript]
    October 10, 2008 | Story
  • US Seizes Control of AIG with $85 Billion Bailout Aigsparkleweb
    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...
    September 17, 2008 | Story