454 - The Wealth Vacuum (Who Benefits from Financial Crises?)

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Episode #454 - The Wealth Vacuum (Who Benefits from Financial Crises?)

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⌚ Sun 15 March 2009  ☻Michael Hudson, Michel Chossudovsky, Max Keiser, Stacy Herbert

Download Hour1 Download Hour2This week we examine the 'financial crisis' with Michael Hudson, Michel Chossudovsky, Max Keiser and Stacy Herbert.

The following is a encapsulation of a prevailing view of the present economic crisis: that, greedy bankers and CEOs and arrogant wall street whiz kids, in the absence of effective regulation, took rash actions that resulted in economic catastrophe that has harmed many innocent people, and that in order to prevent further economic harms, these bad actors must be bailed out, albeit resentfully, to prevent systemic collapse. As bad as this picture is, the program this week will present testimony that it is far worse than that.
Thanks to the Center for Research on Globalisation
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