Finance

Bill Black pt 4/9 – The Best Way to Rob a Bank is To Own One
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Bill Black pt 4/9 – The Best Way to Rob a Bank is To Own One

The weakness of regulations and resources to enforce accountability on the finance sector is by design. Regulators’ budgets have been gutted, and even weak laws made unenforceable. Unless individual bankers go to jail when they commit fraud, nothing will change. Bill Black on theAnalysis.news with Paul Jay.

Can You Destroy $20 Billion in Wealth Without Committing a Crime? – Bill Black
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Can You Destroy $20 Billion in Wealth Without Committing a Crime? – Bill Black

The U.S. SEC has opened an investigation into Archegos Capital’s Bill Hwang and trades that led to $20 billion in losses for his firm and perhaps billions more for various banks. What kind of perverted system allows such chaos? Bill Black on theAnalysis.news with Paul Jay.

Finance is Building the Architecture of their Own Rules – Robert Johnson on RAI (pt 3/8)
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Finance is Building the Architecture of their Own Rules – Robert Johnson on RAI (pt 3/8)

This is an episode of Reality Asserts Itself, produced on June 10, 2014. On Reality Asserts Itself, Mr. Johnson says the scale of the political investment of finance – six, seven hundred million dollars – is overwhelming. With the political power of finance, do we still have a democracy?

Polarization, Then a Crash: Michael Hudson on the Rentier Economy
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Polarization, Then a Crash: Michael Hudson on the Rentier Economy

Allied with landlords and monopolists, the finance sector is extracting economic rents from the economy that’s impoverishing US government, industry and labor says Michael Hudson discussing the chokehold of pro-finance, pro-rentier capitalism reaching into the present COVID-19 crisis.

Peoples’ Lives vs. Profits of Pharmaceutical Monopolies – GPE Newsdocs
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Peoples’ Lives vs. Profits of Pharmaceutical Monopolies – GPE Newsdocs

The governments of India and South-Africa backed by about 100 countries and counting are calling for a waiver on patents over COVID-19 related medicines and equipment. Headquarter countries of Big Pharma are opposing it. The debate is going on at the WTO and will be decided soon.

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