A daily TV/radio news program, hosted by Amy Goodman and Juan Gonzalez, airing on over 800 stations, pioneering the largest community media collaboration in the U.S.
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Economist James Galbraith: Bailed-Out Banks Should Be Declared Insolvent
With estimates of the cost of addressing the financial crisis exceeding $9.7 trillion, we speak with economist and University of Texas professor James Galbraith, author of The Predator State: How Conservatives Abandoned the Free Market and Why Liberals Should Too. Galbraith says rather than pouring billions into propping up troubled giant banks, the government should declare them insolvent. [includes rush transcript]
