American Banking Oligarchs: Bill Moyers Journal

PBS Transcript:
February 13, 2009

BILL MOYERS: Welcome to the Journal.

The battle is joined as they say — and here’s the headline that framed it: “High Noon: Geithner v. The American Oligarchs.” The headline is in one of the most informative new sites in the blogosphere called: baselinescenario.com. Here’s the quote that grabbed me:

“There comes a time in every economic crisis, or more specifically, in every struggle to recover from a crisis, when someone steps up to the podium to promise the policies that — they say — will deliver you back to growth. The person has political support, a strong track record, and every incentive to enter the history books. But one nagging question remains. Can this person, your new economic strategist, really break with the vested elites that got you into this much trouble?”

Full story and podcast

Related Media from PBS website:

James Galbraith
Bill Moyers sits down to talk about the economic future with James K. Galbraith, Lloyd M. Bentsen, Jr. Chair in Government/Business Relations at the LBJ School of Public Affairs at the University of Texas at Austin. Galbraith is the author of six books, the most recent, THE PREDATOR STATE: HOW CONSERVATIVES ABANDONED THE FREE MARKET AND WHY LIBERALS SHOULD TOO. (October 24, 2008)

George Soros, photo by Robin HollandGeorge Soros
Bill Moyers talks with one of the world’s most successful investors George Soros about the global capital meltdown, how he saw it coming, and what can be done now. (October 10, 2008)

Kevin PhillipsKevin Phillips on BAD MONEY
Bill Moyers sits down with former Nixon White House strategist and political and economic critic Kevin Phillips, whose latest book BAD MONEY: RECKLESS FINANCE, FAILED POLITICS, AND THE GLOBAL CRISIS OF AMERICAN CAPITALISM explores the role that the crumbling financial sector played in the now-fragile American economy. (September 19, 2008)

Joe Nocera, photo by Robin HollandJoe Nocera
JOURNAL guest-host Deborah Amos speaks with NEW YORK TIMES business columnist Joe Nocera about the bailout mania in Washington and who’s next in line to get federal assistance. (November 21, 2008)

HeadlinesWinners and Losers
NEW YORK TIMES business and financial columnists Gretchen Morgenson and Floyd Norris discuss who wins and who loses in the financial turmoil. (September 19, 2008)

FBI Domestic Spy PosterFacing up to the Economy
Bill Moyers talks with economist Dean Baker and journalist Bob Herbert about the economic challenges facing the government and the populace. (August 8, 2008)

FBI Domestic Spy PosterMortgage Mess
THE JOURNAL travels to ground zero of the mortgage meltdown — Cleveland, Ohio. Correspondent Rick Karr takes viewers to Slavic Village, one of the hardest hit neighborhoods in the nation when it comes to the spate of foreclosures caused by the subprime mortgage crisis. (July 18, 2008)

References and Reading from PBS website:

“Geithner Said to Have Prevailed on the Bailout”
By Stephen Labaton and Edmund L. Andrews, NEW YORK TIMES, February 9, 2009.

“Bank Test May Expand U.S. Regulators’ Role “
By Eric Dash, NEW YORK TIMES, February 11, 2009

“Bailout Plan: $2.5 Trillion and a Strong U.S. Hand”
By Edmund L. Andrews and Stephen Labaton, NEW YORK TIMES, February 10, 2009.

“Congressmen Hear from TARP Recipients Who Funded Their Campaigns”
by Lindsay Renick Mayer, CAPITAL EYE, February 10, 2009.

“So what is the plan?”
By Mark Thoma, THE ECONOMISTS VIEW, February 10, 2009.

“Special Report: A World of Trouble”
Get up-to-date international news and perspective from GlobalPost.

Simon Johnson

“Axelrod And Emanuel Were Right (On The American Bank Oligarchs)”
By Simon Johnson, THE BASELINE SCENARIO, February 10, 2009.

“High Noon: Geithner versus the American Oligarchs”
By Simon Johnson, THE BASELINE SCENARIO, February 8, 2009.

“Baseline Scenario for 2/9/2009 (11pm edition, February 8)”
By Peter Boone, Simon Johnson, and James Kwak, THE BASELINE SCENARIO, February 9, 2009.

“Global Economic Outlook (Senate Testimony)”
By Simon Johnson, THE BASELINE SCENARIO, January 29, 2009.

Published February 6, 2009.

Related Links:

Financial Crisis for Beginners

Naked Capitalism

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