Crushed by the 2008 financial crisis, Patrick Lovell joined Eric Vaughan and white-collar crime expert Bill Black to expose “control fraud” and the real story behind the 2007/08 crash. Lovell and Vaughan join Paul Jay on theAnalysis.news.
On Reality Asserts Itself, Thomas Frank says the Democratic Party must acknowledge that in 2008 the crash and the discrediting of Bush, created conditions for much a more progressive policy – but Obama did not step up; with host Paul Jay. This episode was produced on December 29, 2017.
On Reality Asserts Itself, Mr. Flassbeck says the stock market bubble can burst at any moment because everybody knows there is no real growth behind it; then we are really in trouble as the whole effect of stabilization will disappear in one moment. This is an episode of Reality Asserts Itself, produced July 31, 2014, with Paul Jay.
On Reality Asserts Itself, Ms. Foroohar says many wealthy people understand that the climate crisis, deep recession, and war are real threats, but they believe “apres moi le deluge [after me comes the floods];” the Financial Times columnist and author of “Makers and Takers” said many of the rich have escape plans thinking “they can avoid the apocalypse” – with host Paul Jay. This is an episode of Reality Asserts Itself, produced May 9, 2018.
On Reality Asserts Itself, Ms. Foroohar says growing inequality and record student, household and corporate debt is creating a dangerous bubble, similar to the lead up to the ’29 crash; the Financial Times columnist and author of “Makers and Takers” says a few on Wall St. see it, but most businesses are doing too well to care – with host Paul Jay. This is an episode of Reality Asserts Itself, produced May 9, 2018.
On Reality Asserts Itself, Ms. Foroohar says President Bill Clinton’s finance team further deregulated Wall St. including eliminating Glass-Steagall legislation allowing even riskier investments; the Financial Times columnist and author of “Makers and Takers” says this helped create the world’s largest financial institution—Citigroup— headed by Clinton’s former Treasury Secretary Robert Rubin – with host Paul Jay. This is an episode of Reality Asserts Itself, produced May 9, 2018.
On Reality Asserts Itself, Ms. Foroohar says the legalization of stock buybacks in 1982 allowed companies like Apple to now spend only 15% of their investments on R&D, while the majority is spent on market manipulation; the Financial Times columnist and author of “Makers and Takers” said the move from traditional pensions to 401k’s makes everyone feel they benefit from finance when the vast majority of profits go to the elites and most people’s living standards deteriorate – with host Paul Jay. This is an episode of Reality Asserts Itself, produced May 9, 2018.
The final segment of our series with Bill Black on modern American financial fraud.
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.
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