Posted on 09/19/2008 9:12:18 PM PDT by Lorianne
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.
(Excerpt) Read more at pbs.org ...
Bump for later.
bump for never. Can’t stand Kevin Phillips. But thanks anyway.
Bush bad.
Obama (because he read some of my books) may get a grasp on it.
McCain - No brains because he consulted with Phil Gramm
Moyers interviews another hack.
Individual criminals are the cause of the problems, just like they were at the beginning of President Bush’s term. Why is he afraid to name NAMES?
Against all enemies foreign AND DOMESTIC.
Good advice.
Bad Money...bad capitalism (Phillips words)...but NO BAD PEOPLE DIRECTLY RESPONSIBLE? This guy is an idiot.
Money is not the root of all evil. Criminals are. Identify them.
“Why is he afraid to name NAMES?”
You obviously didn’t listen to the clip. He does name names, lots of them. Dems included.
He’s making a convincing case that the Dems are neck deep in this finanacial ‘crisis’.
I can’t believe the wilful ignorance of people here NOT listening to the clip (fine, that’s your perogative) but then commenting anyway.
He does identify them. Listen to the clip. I’m not posting the Cliff notes for the lazy.
Greenspan & Rubin were not responsible for the criminality at FM & FM.
Greenspan was horribly responsible. He printed all the money that provided the liquidity that enabled Fannie and Freddie to make the zillion of bad loans in the first place.
Kevin Phillips has been writing about this problem for a long long long time. No one wanted to listen because our financial system got the mother of all carpets to sweep the mess under. The mess is all still there, right where they put it.
Let’s have a grand jury investigation into the collapse. Who were the auditors/accountants/managers? To pin it on Greenspan is wishful thinking.
Kevin Phillips is confused.
There are lots of culprits. It was Greenspan's expansionary monetary policies and pollyanish view of the "new economy" that made the whole thing possible in the first place.
Don’t take my words out of context.
I said IT’S FINE IF YOU DON’T WANT TO LISTEN TO THE CLIP, but I don’t appreciate people posting saying they won’t listen and then posting a comment about something they didn’t listen to!
You know I said that, you can read it above.
How do you figure that?
IF YOU LISTEN TO THE CLIP he pins it on more people than just Greenspan.
I’d love to see a Grand Jury investigation. How likely do you think that will be?
I thought Mr. Phillips was very evenhanded and put the blame where it belonged, on EVERYONE involved with this scam including people borrowing money like crazy and spending it like there was no tomorrow.
If I have one complaint with this clip it is that he was not angry enough about what has happend! He seemed so calm and sanquine about it. Perhaps he was in on the scam too and made a tidy sum of money?
I do respect your opinions and believe we have reached common ground on that statement. A good place to stand on, a good place to start.
Regards.
It is an excellent clip. Actually.
Everyone should listen to this. Kevin Phillips covers the whole problem in its broad sweep from 1987 to today, with crisis after crisis, and number after number.
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