The Players Are Writing The Rules, & Nothing Is Preventing Another Banking Crisis

This is the second in a series of interviews with Political Economist Tom Ferguson. Yesterday we saw him saying that the stimulus program was far too small, a much larger one is still needed, and predicted that the Democrats must start a new jobs program to bring economic growth to the bulk of the population or face losing badly in the 2010 mid-terms.

Today he continues his talk with Paul Jay and says that the Obama Administration asked for too little in the banking bill, nothing is preventing another banking crisis, the big players in the banking industry are writing their own regulations and colluding against the public to profit from every boom and bust cycle at your expense. The Federal Reserve must be reined in.