About this series:
Laura Flanders talks to creative thinkers and change-makers from the worlds of politics, arts and the new economy. The smartest conversations, with the smartest thinkers and doers of our time, distributed in multiple formats on a variety of platforms. Keep abreast of fresh content by following GRITtv, the site Flanders founded, on Twitter @GRITtv.
“They frankly own the place,” Dick Durbin said back in April referring to the power that banks hold over policy decisions in Washington. If they own...
“They frankly own the place,” Dick Durbin said back in April referring to the power that banks hold over policy decisions in Washington. If they own the place, presumably they can make the rules. But as Goldman Sachs brings in record profits and prepares to dole out handsome bonuses to employees and executives, many are lauding the company's willingness to take risks. So is Goldman Sachs, dubbed by many 'Government Sachs,' a risk taker or a coup maker? And what will it take to confront what may be the most powerful lobby in American history?Matt Taibbi, contributing editor at Rolling Stone and author of The Great Derangement: A Terrifying True Story of War, Politics, and Religion, Robert Johnson, former chief economist of the Senate Banking Committee, and Michael Lux, co-director of Progressive Strategies and author of The Progressive Revolution: How the Best in America Came to Be on why the banks are benefiting and the American worker isn't. You can read Taibbi's recent article in Rolling Stone on how Goldman Sachs blew up the economy here. Then, David Corn, Washington, D.C. Bureau Chief for Mother Jones, on the Sotomayor confirmation hearings. Corn and The Uptake have been streaming the hearings live and covering them with blogs and tweets. Finally, Aarti Shahani on a recent decision by the Office of Homeland Security and Janet Napolitano to recruit 11 additional localities into the federal program, known as ICE, that turns traffic cops and jail guards into deportation agents. Shahani says that Napolitano is in fact a law and order extremist and that the ruling wasn't a total surprise. But what does it mean for the Obama administration's immigration policy? Thanks to Brave New Films for video in tonight’s show.
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