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Full Show: Banking on Greed

by Bill Moyers, Bill Moyers:

Just when you think the reputation of banks couldn’t get any worse, comes word that we’ve seen nothing yet. As many as 20 banking institutions, including Barclays Bank, Deutsche Bank, Citigroup, JPMorgan Chase, UBS and HSBC, are reportedly under investigation for illegal and unethical practices toward protecting their profits at all costs and letting others pay for their mistakes. In this episode, financial expert Sheila Bair talks with Bill about the lawlessness of our banking system and the prognosis for meaningful reform. Bair was appointed in 2006 by President George W. Bush to chair the FDIC. During the 2008 meltdown, she argued that in some cases banks were NOT too big to fail — that instead of bailouts, they should be sold off to healthier competitors. Now a senior adviser to the Pew Charitable Trusts, Bair has organized a private group of financial experts including former Fed chairman Paul Volcker, former Senators Bill Bradley and Alan Simpson, and John Reed, once the chairman of Citicorp, to explore ways to prevent the banking industry from scuttling reforms created by the Dodd-Frank Act.

4 comments to Full Show: Banking on Greed

  • CAJUN

    INTEREST RATES? COST OF DOING “BUSINESS”?
    MS. Sheila Bair see what the Bible says about “USURY”?
    All of you people should be locked up in jail. How
    can you justify the wrecking of American homes and
    families. % % % “Here is your sign!” % % %

  • GoodOleBoy

    She talks about Glass Steagal but never says the name, I wonder why?

  • Lowell

    The Chineese know how to deal with this.

  • Steady Eddie

    she doesn’t want the government setting interest rates…. ok… much better the federal reserve do that… that’s worked out well.

    i used to read a lot of books about dystopian futures… now i’m living it…

    don’t worry, as soon as nato troops land, they’ll set things right and restore freedom to U.S.S.A.

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