Sunday, Jun 24, 2012 - 4:00 PM
"How Big Banks Victimize Our Democracy"
JPMorgan Chase CEO Jamie Dimon's appearances in the last two weeks before Congressional committees -- many members of which received campaign contributions from the megabank -- beg the question: For how long and in how many ways are average Americans going to pay the price for big bank hubris, with our own government acting as accomplice? On this week's Moyers & Company, Rolling Stone editor Matt Taibbi and Yves Smith, creator of the finance and economics blog Naked Capitalism, discuss the folly and corruption of both banks and government, and how that tag-team leaves deep wounds in our democracy. Taibbi's latest piece is "The Scam Wall Street Learned from the Mafia." Smith is the author of ECONned: How Unenlightened Self Interest Undermined Democracy and Corrupted Capitalism. D
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