Simon Johnson: "13 Bankers" (Rebroadcast)
http://thedianerehmshow.org/shows/2010-04-04/simon-johnson-13-bankers-rebroadcast
How a handful of American banks gained unprecedented wealth and threatened the well-being of the nation. A leading economist on what led to the meltdown and why big financial institutions should be allowed to fail.
Guests
Simon Johnson
professor of entrepreneurship at MIT's Sloan School of Management, a senior fellow of the Peterson Institute for International Economic, and coauthor with James Kwak of the "Baseline Scenario" blog.
Comments
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Why has the Bloomberg article on the RICO activities of AIG and Goldman Sacks received so little press comment:"Secret AIG Document Shows Goldman Sachs Minted Most Toxic CDOs":
http://www.bloomberg.com/apps/news?pid=20601087&sid=ax3yON_uNe7I
The banks that bought the swaps(fire insurance) from AIG are mostly the same firms that underwrote(lit the fire) the CDOs in the first place.
When does GS and the French Banks return the money they received from AIG's bailout, and the associated CEO's sent to jail for fraud and RICO activities like Milken? http://en.wikipedia.org/wiki/Michael_Milken
Hello Diane
We listen often and love your show.
Please ask Simon Johnson to talk about the movement to “audit the Federal reserve”, since I believe this is crucial to stop future financial meltdown by the Very BIG too to fail banking monopolies that are also Too Big to regulate, and Too Big bring to trial for their crimes, and so on, etc.
I know it's a little late in the show but . . . .
One little piece of, not so much wisdom as a truth, banks, as all corporations, don't care about the little people but about pleasing the board of directors and stockholders.
I would love to know where Simon Johnson is investing his retirement funds.
Thanks,
Kathryn S.
Hunt Valley, MD
Love the show. First time respondent. Diane said, in referring to the next financial meltdown, "I sure hope it doesn't happen in my lifetime." Of course, I don't believe that she hopes it will happen in anyone's lifetime; however, it is that kind of thinking that diminishes the need for our own critical participation. Let us live life now, being stewards of the next generation.
For our children's children.
Dhyana Raynor
This was one of the best shows and one that explained the banking situation. He was such a great speaker!! The questions were great!! TY
Thank you for this great show.
Please have him back occasionally so we get the real scoop
on Congress and Wall Street.
Would also like to hear Elizabeth Warren's take on the current
situation.