The Biden Administration is intertwined with Wall Street but must deliver some election promises to workers. Michael Hudson joins Paul Jay on theAnalysis.news.
The final segment of our series with Bill Black on modern American financial fraud.
The Dodd-Frank legislation and stress test, do nothing to stop systemic-risky financial institutions from blowing up the economy again. Bill Black joins theAnalysis.news with Paul Jay.
Bill picks up the history of financial fraud with the Obama administration. Finance has targeted Black and Latinx families with sub-prime and liars loans and the crash wipes out 60-70% of their accumulated household wealth. What does Obama do? Bill joins Paul Jay on theAnalysis.news
Bill continues his history of modern financial fraud in America. He says the dark side of “financial discipline”, is the Merrill Lynch’s and Goldman Sachs of the world don’t provide discipline. They provide cash. They fund the expansion knowing it’s crap because they know as long as it’s going up, they personally, not Goldman, they personally will make a ton of money. Bill Black on theAnalysis.news with Paul Jay.
Why is the Fed buying corporate junk bonds and debt but won’t buy out student debt? Michael Hudson on theAnalysis.news with Paul Jay.
Henry Giroux and Paul Jay discuss the events of Jan 6th, the destruction of public education and degeneration of mass culture, on theAnalysis.news
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.
Banking and finance are essential to a modern economy, but they don’t have to be privately owned to do it. The Federal Reserve must be transformed to create a system of publicly-owned banks. Gerald Epstein joins Paul Jay on theAnalysis.news podcast.
If current trends continue, in 10 years’ time wages will be back to the brink of the abyss level of 1930. If governments opt for premature fiscal tightening, the recovery will fizzle out by 2022, says Richard Kozul-Wright, the Director Division of Globalization and Development Strategies at UNCTAD.
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