Tuesday, February 19, 2013

This System Is Corrupt - Roemer on Bank Reform


Independent candidate Charles “Buddy” Roemer explains that it is the corruption in Washington that caused the failure of banking reform – immediately after a banking crisis revealed how badly banking reform is needed. “Too-big-to-fail” is still the law. Glass-Steagall is still dead. And no one paid for the crimes committed except people whose mortgages were underwater and the American taxpayer that helps prop up the corrupt system in Washington DC
Video Rating: 5 / 5


Too big to fail? We all know that term was a misnomer when applied to big banks. Robert Reich explains why it’s so important to break up the biggest banks, which have grown exponentially over the past few years. This idea of breaking up the banks isn’t new, and is supported by Federal Reserve Governor Dan Tarullo, Former Citigroup CEO Sanford Weil, Rep. Jeb Hensarling, Senator Sherrod Brown, and Sen. Elizabeth Warren. It’s clear we can’t afford another TARP bailout. twitter.com robertreich.org
Video Rating: 4 / 5


This System Is Corrupt - Roemer on Bank Reform

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