Michael Hudson on the highly respected Democracy Now, telling the inside story on the bankers bailouts. Hudson was recently interviewed on the Renegade Economists, giving insights on the banking system like few others can. Skip to the 10 minute mark if time is your issue, that’s when host Amy Goodman introduces the Hudson segment.
However, it may be worth watching the first 10 minutes as the latest Republican move to reduce the voting roll is revealed. Democracy does not count if your home has been foreclosed, according to those influencing laws in Michigan.
Then hear what Professor Hudson says on the prevalence of speculative banks. Finally some sense on this madness!