Bill Moyers talks with former Citigroup Chairman John Reed and former Senator Byron Dorgan to explore a momentous instance: how the mid-90’s merger of Citicorp and Travelers Group — with help from Alan Greenspan, Robert Rubin and Bill Clinton — brought down the Glass-Steagall Act and sowed the seeds of the GFC.
4 Replies to “Bill Moyers: How power and influence helped big banks rewrite the rules of our economy”
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Amazing, disturbing and how the snouts snort in the trough
Democrat aligned Bill Moyers also has an excellent interview with Republican David Stockman, former OMB Director under Reagan. He talks about Crony Capitalism (as distinguished from Free Market Capitalism) and how Obama has even greater ties to Wall Street than other Presidents despite his lofty rhetoric.