Tag Archives: too big to fail

The Dark Ages of Wall Street. Viewpoint Interview of Bethany McLean by Eliot Spitzer on Current TV, April 20, 2012. Video transcript.

[flashvideo file=http://cpa-connecticut.com/blog/wp-content/uploads/2012/04/Eliot-Spitzer-Bethany-McLean-Viewpoint.flv /]

Eliot Spitzer, host of Viewpoint on Current TV, interviews contributing editor to Vanity Fair and co-author of the book on the Enron scandal, “The Smartest Guys in the Room”, Bethany McLean, on the circumvention and subversion of the Dodd-Frank bill, the Volcker Rule, by Wall Street banksters. Continue reading

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What caused the economic collapse, recession, depression, in 2008? How did Wall Street bring on America’s economic collapse?

Do you understand what caused the deep recession of 2008? Do you understand how big banks and investment houses created this economic mess that we now find ourselves in? Do you want a clear and concise answer in everyday language? Here it is: read and listen and watch. Understand the terms derivatives, credit defaults swaps, and collaterized debt obligations. Continue reading

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