US Politics Obama Years Public date: 25.02.2019 20:17:58

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10 Jan 2010

Bill Moyers Urges Citizens to Stand Up for Reform of Our Financial Systems

 America's big banks are back on top. Just a year after their financial gambles brought the American economy to the brink of collapse, requiring a massive federal bailout, they're back in the black and paying themselves healthy bonuses. With so many Americans facing economic hardship, the banks' good fortunes have led to resentment and even some rage among those outside the financial industry. Yet, according to Washington watchers and sheer dollars spent the banking industry lobby remains among the most powerful in the nation's capital.The latest issue of MOTHER JONES magazine looks into this discrepancy, calling it the "accountability deficit." The magazine commissioned a series of articles investigating why no one has been brought to account for crashing the economy. Two contributors to the issue, David Corn and Kevin Drum, join Bill Moyers on the JOURNAL to explain how the banking lobby continues to hold so much power in the nation's capital.
 America's big banks are back on top. Just a year after their financial gambles brought the American economy to the...
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