Wednesday, May 30, 2012
Wall Street has turned US into "predatory nation"
DemocracyNow.org - Two years after directing the Academy Award-winning documentary, "Inside Job," filmmaker Charles Ferguson returns with a new book, "Predator Nation: Corporate Criminals, Political Corruption, and the Hijacking of America." Ferguson explores why no top financial executives have been jailed for their role in the nation's worst economic crisis since the Great Depression. We also discuss Larry Summers and the revolving door between academia and Wall Street as well as the key role Democrats have played in deregulating the financial industry. According to Ferguson a "predatory elite" has "taken over significant portions of economic policy and the political system and also, unfortunately, major portions of the economics discipline."
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