Financial Meltdown Topics

Democracy Now! stories, posts and pages that relate to Financial Meltdown

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  • Wallst-web
    One of the key terms to come out of the nation’s economic meltdown has been "too big to fail." The government has funneled billions of dollars to large financial firms by arguing that their collapse would deal an irreparable blow to economic recovery. A new study has calculated the tab of the "too big to fail" approach, and it amounts to a far larger taxpayer-funded subsidy than previously thought. The Center for...
    Oct 06, 2009 | Story
  • Clark2-web
    A new study by the Brennan Center for Justice concludes the national foreclosure crisis is also "a legal crisis. Many homeowners are losing their homes because they lack the ability to navigate the landscape of our lending laws...and too few people are ever able to obtain qualified legal guidance." We speak to report co-author and attorney Melanca Clark. [includes rush transcript]
    Oct 09, 2009 | Story
  • Zizekweb
    Dubbed by the National Review as "the most dangerous political philosopher in the West" and the New York Times as "the Elvis of cultural theory," Slovenian philosopher and public intellectual Slavoj Žižek has written over fifty books on philosophy, psychoanalysis, theology, history and political theory. In his latest book, First as Tragedy, Then as Farce, Žižek analyzes how the United States has moved from the tragedy of...
    Oct 15, 2009 | Story
  • Johnson-web
    Last month, when the a subcommittee of the House Financial Services Committee held a hearing on the derivatives market, Robert Johnson was the only non-industry expert invited to speak. The former economist at the Senate Banking Committee and the Senate Budget Committee was invited just sixteen hours before the hearing. His testimony was cut short after five minutes by Congresswoman Melissa Bean, and the committee has since refused to post...
    Nov 02, 2009 | Story
  • Spitzer-democracynow
    In an extended interview, we speak with former New York governor Eliot Spitzer about the financial crisis and how it was handled by Federal Reserve Chairman Ben Bernanke and Treasury Secretary Timothy Geithner. Bernanke and Geithner "actually built and participated in creating the structure that now has collapsed," Spitzer says and calls on them to be replaced. Spitzer also talks about the scandal that erupted last year that forced...
    Dec 04, 2009 | Story
  • Moveyourmoney-dn
    Economist Robert Johnson, columnist Arianna Huffington and filmmaker Eugene Jarecki, among others, have come up with a new proposal that would allow ordinary people in this country to channel their anger over the Wall Street bailout while also helping invigorate community banking. We speak with Rob Johnson about Move Your Money. [includes rush transcript]
    Jan 04, 2010 | Story
  • Amy-stiglitz
    As President Obama defends the success of his one-year-old $787 billion stimulus package, we speak to Nobel Prize-winning economist Joseph Stiglitz, who says the stimulus was both not big enough and too focused on tax cuts. Stiglitz is the author of the new book Freefall: America, Free Markets, and the Sinking of the World Economy, which analyzes the causes of the Great Recession of 2008 and calls for overcoming what he calls an "ersatz...
    Feb 18, 2010 | Story
  • Moore-democracynow
    President Barack Obama is signing the main healthcare overhaul bill this morning at a White House ceremony. We speak with Academy Award-winning filmmaker Michael Moore. "The healthcare bill that was passed ultimately will be seen as a victory for capitalism," Moore says. "It protected the capitalist model of providing healthcare for people — in other words, we are not to help unless there is money to be made from it."...
    Mar 23, 2010 | Story
  • Wallstbull
    With the main healthcare reform bill signed into law, Democrats say congressional efforts to reform Wall Street and the nation’s financial regulatory system will soon top the Obama administration’s agenda. A measure put forward by Sen. Christopher Dodd is being described as the biggest overhaul of financial rules since the 1930s, but critics have faulted the proposal for giving additional power to the Federal Reserve while gutting...
    Mar 25, 2010 | Story
  • Poker
    In a new article in Rolling Stone magazine, journalist Matt Taibbi takes an in-depth look at the experience of one small Alabama town and its disastrous dealings with Wall Street. Taibbi writes, "The destruction of Jefferson County reveals the basic battle plan of these modern barbarians, the way that banks like JP Morgan and Goldman Sachs have systematically set out to pillage towns and cities from Pittsburgh to Athens." [includes...
    Apr 12, 2010 | Story