Can Wall Street Reform? - William D. Cohan

Complete video at: http://fora.tv/2009/04/06/William_Cohan_House_of_Cards

"Wall Street is the ultimate Darwinian Petri dish," says House of Cards author William D. Cohan. "It's capitalism at its most ruthless, most fundamental." Cohan is not optimistic that Wall Street will ever truly reform, even if executive compensations are reduced and corporate accountability is increased.

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FORA.tv Studios and Whole Earth Films present William D. Cohan, author and former Wall Street veteran, speaking to Blaise Zerega, President and CEO of FORA.tv, about his book House of Cards: A Tale of Hubris and Wretched Excess on Wall Street.

Cohan demonstrates why the seemingly invincible Wall Street money machine came crashing down. He chronicles the swashbuckling corporate culture of Bear Stearns, the strangely crucial role competitive bridge played in the company's fortunes, the brutal internecine battles for power, and the deadly combination of greed and inattention that helps to explain why the company's leaders ignored the danger lurking in Bear's huge positions in mortgage-backed securities.

William D. Cohan, a former award winning investigative newspaper reporter in Raleigh, North Carolina, worked on Wall Street for seventeen years. He spent six years at Lazard Freres in New York and later became a managing director at JP Morgan Chase. He lives in New York City and Columbia County, New York.

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[geezzerboy]

More like a Darwinian cesspool.

[dddiegopan]

this man is right, Obama opened the Pandora box of financial markets in the continent of America

you don't buy up share's in the stock market with taxes, that's just loco . Now no country in LatinAmerica will not accept any imposition from IMF crap money or credit ratings agencies, the new rules are: either you make them along the way, or you go back to the most basic form of government as original designed by the people who wrote our constitutions.

[llshamelessll]

as always... no mention of the outright fraud and lack of prosecution. no mention of the glass-steagall act being abolished by corrupt polititions.

no mention of george bush pulling 500 regulators off wallstreet leaving it practicly unchecked. no mention of our corrupt news media not reporting what whistle blowers were saying for years.

motherfockers dont want anything changed so they can do it again....raise hell people.... i contact my government ...do you? you just got robbed of 40 grand.

[n8iveidiot13]

the question that is never asked...

do we still need a government of 100 people to choose for the millions?

[humanist7117]

Wall Streeters are incurably bi-polar.

[locfinest2009]

first!!

[mikezephyr]

the current crisis is the consolidation of state and corporate power- if anything an incestuous thinning of 'biodiversity'. very un-evolutionary.

and in any case, wolves don't wage all out wars on deer, they predate.