Wednesday, March 25, 2009

  • AIG and the Big Takeover: Matt Taibbi on "How Wall Street Insiders Are Using the Bailout to Stage a Revolution"


    In a new article in Rolling Stone Magazine, journalist Matt Tabbi takes an in-depth look at the story behind AIG. "The reality is that the worldwide economic meltdown and the bailout that followed were together a kind of revolution, a coup d’état," writes Taibbi. "They cemented and formalized a political trend that has been snowballing for decades: the gradual takeover of the government by a small class of connected insiders, who used money to control elections, buy influence and systematically weaken financial regulations." [includes rush transcript]

  • Obama Sending More Federal Agents, Money to Mexico Border for Drug War


    Secretary of State Hillary Clinton heads to Mexico today, a day after the Obama administration announced it would send more money, technology and manpower to secure the United States-Mexico border and bolster the Mexican government’s anti-narcotics operation. We go to the US-Mexico border to speak with independent journalist John Gibler. [includes rush transcript]

  • Jailed Without Justice: New Report on US Immigration Detention Blasts System as Broken and Costly


    We take a look at a new report from Amnesty International USA lambasting the state of the immigrant detention system in this country. 400,000 people are arrested by immigration officials each year, some of them US citizens. The report, "Jailed Without Justice," says that tens of thousands languish in immigration prisons in deplorable conditions without receiving a hearing to determine whether their detention is warranted. [includes rush transcript]

  • Sen. Sanders Blocking Vote to Confirm Obama Nominee Who Worked to Deregulate Credit Default Swaps


    We speak with Independent Senator Bernie Sanders of Vermont, who is attempting to block President Obama’s nominee to head the Commodity Futures Trading Commission, Gary Gensler, a former Goldman Sachs employee. "Gensler worked with Sen. Phil Gramm and Alan Greenspan to exempt credit default swaps from regulation, which led to the collapse of A.I.G. and has resulted in the largest taxpayer bailout in U.S. history," Sanders said. [includes rush transcript]

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Full News Hour


    Juan González on How Puerto Rico’s Economic "Death Spiral" is Tied to Legacy of Colonialism
    Could Puerto Rico become America’s Greece? That’s a question many are asking as the island faces a devastating financial crisis and a rapidly crumbling healthcare system. Puerto Rico owes $72 billion in debt. $355 million in debt payments are due December 1, but it increasingly looks like the U.S. territory may default on at least some of the debt. Congress has so far failed to act on an Obama administration proposal that includes extending bankruptcy protection to Puerto Rico and allocating more equitable Medicaid and Medicare...


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