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.



Real News Network – November 20, 2009

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    • Edger on November 20, 2009 at 3:54 pm
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    need to be gone, unless Obama is determined to be a one term wonder.

  1. hamsher…

    We beat the banks.

    According to the Huffington Post, the letter you signed was “key” to helping Alan Grayson whip Democratic support to pass the historic Paul-Grayson bill to audit the Federal Reserve.  Grayson even quoted from the letter during the Committee debate.

    This is an important, early victory.

    Help us prepare for the next phase of our campaign to audit the Fed.  Click here to donate now:

    http://action.firedoglake.com/

    Thanks for all you do.

    Jane Hamsher

    Firedoglake.com

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