!!! ECONOMIC MELTDOWN Bill Moyers !!!! (2 of 2 NY TIMES FULL)

Bill Moyers speaks to two well-versed voices — NEW YORK TIMES business and financial columnists Gretchen Morgenson and Floyd Norris — to discuss who wins and who loses in the financial turmoil. Their conversation ranges from the mortgages to derivative, the SEC to the Glass-Steagall Act

Category:

News & Politics

Tags:

• bill
• moyers
• pbs
• financial
• melt
• down
• crisis
• wall
• street
• economic
• Gretchen
• Morgenson
• Floyd
• Norris

[CityzenJane]

So the corporate whores are bailed out, but your average working person is in danger of losing what little equity they have scratched and saved all their lives?

When are we going to wake up and realize we've been mugged?

[TansuTansu2]

If you owe the bank $10,000 and you cannot pay - that is your problem. If you owe the bank 10 million and cannot pay - its the bank's problem.

[Chromatype]

Hey guys...PEAK OIL is causing a cap on oil production that is built into the ROCKS...we CAN'T change it. AND, The demand on energy is INCREASING. AND, the markets only work if the economy is working. BECAISE, banks GENERATE money though loans. BECAUSE, they expect GROWTH. BUT, oil supply depletion means LESS ENERGY, meaning LESS PRODUCTIVITY...meaning, LESS ECONOMIC growth and actually CONTRACTION of the free market. GOT THAT? Grow your own food NOW!

[CityzenJane]

Do the people that Gretchen would like to see put in charge...exist any more? Who has that resume if for the last 30 years everyone in that game has been playing that game for all its worth.