Arianna Huffington, cofounder and editor-in-chief of the Huffington Post, talks about how corporate corruption and greed have led to the economic crisis. She wrote Pigs at the Trough in 2003, and now, six years later, she’s updated it. The book is a harsh indictment of corporate corruption and Wall Street greed—from AIG to Citigroup to Lehman Brothers to Bernie Madoff—and the harm it is doing this country.
Guests:
Arianna Huffington
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Comments [2]
Very very important to always say on radio or anywhere your comments can be sound-byted and taken out of context that the SEC failed to catch Bernie Madoff because of decades of systematic de-funding by Congressmen still in office, and both Republican and Democratic White Houses, despite the rising % of our economy driven by finance! Saying "the SEC failed to catch Bernie" without any qualifications is just giving more fuel to the anti-government wingnuts directly from Ariana Huffington's lips! Any statement about the failure of "government" needs to be qualified that it is Congress who write the budget every year for whatever government we're going to have that year. Congressmen are the problem with the government, and the way their campaigns are financed, and the way our media dis-reports to us about their activities. Don't let them scapegoat life-long civil servants with their derisive use of the term "government", and don't play into their hand!
Please please please make it stop. This must be one of the least informed discussions ever!
You are conflating "too good to be true" Bernie Madoff with a "too good to be true" tulip market bubble? They have NOTHING to do with one another. Get an education please.
Leonard asked "Why don't we learn?" Well, I can't answer for all of us, but I can answer for you: you don't learn anything now because you've never learned anything in the past. Now put down the microphone.
What idiocy! I will be streaming this show from the archives for humor. hooooboy.
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