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William Greider and Bill Moyers on Washington's Unholy Alliance with Wall Street

"What do we do now?"
 
 
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The Rip Off Must Be Stopped!

Big bankers ruined our economy and now they are gaming the political system so they can profit even more off the crisis they caused. They must be stopped.

On April 11th, 2009, the public will come out in cities across the country to express their frustration and disapproval with how our elected officials have handled the economic crisis. No one has been left unscathed; this protest is yours.

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William Greider and Bill Moyers on Washington's Unholy Alliance with Wall Street

Below is a video of Moyers and Greider discussing A New Way Forward's upcoming protests. Below is the full transcript of the interview, or you can click here to watch the whole video.

TRANSCRIPT:

BILL MOYERS:
As you know, earlier this week Treasury Secretary Timothy Geithner proposed a vast expansion of government authority that would crack down hard on Wall Street's reckless behavior.

Just in time, it seems. You could almost hear the mob in the streets of Washington as he spoke. Popular anger was beginning to evoke unhappy images among Washington elites of the French Revolution, guillotine and all.

On the Op-Ed page of Sunday's "Washington Post," William Greider, the veteran political reporter of four decades, suggested a glass half full. He wrote that the public's rage "has great potential for restoring a functioning democracy. Timely intervention by the people could save the country from some truly bad ideas now circulating in Washington and on Wall Street."

Perhaps no journalist better understands the intertwining twists and turns of government and money, the collision of capitalism and democracy, than William Greider. He wrote the definitive account of the Federal Reserve system, SECRETS OF THE TEMPLE. In the spirit of Thomas Paine he produced, WHO WILL TELL THE PEOPLE? Followed it with, THE SOUL OF CAPITALISM. And now, COME HOME, AMERICA: THE RISE AND FALL (AND REDEEMING PROMISE) OF OUR COUNTRY.

Bill Greider, welcome back to the Journal.

WILLIAM GREIDER:
Thank you, Bill.

 
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