Amidst a series of recent scandals that have rocked the global banking system, journalist Chris Hayes joins us to discuss his new book, "Twilight of the Elites: America After Meritocracy." The book examines how Wall Street and other major institutions, from Congress to the Catholic Church to Major League Baseball, have been crippled by corruption and incompetence. Hayes is host of the MSNBC weekend show, "Up with Chris Hayes," and is editor-at-large of The Nation magazine.Read more »
JPMorgan Chase CEO Gets Warm Hill Welcome from Senators Flooded with Millions in Wall St. Donations - Protesters confronted JPMorgan Chase CEO Jamie Dimon on Wednesday as he testified on Capitol Hill about how his bank lost up to $3 billion in risky bets. Lawmakers, however, gave a warmer greeting to the man described as Washington’s favorite banker. JPMorgan spent $7.6 million on lobbying last year, and Dimon has a long record of contributing campaign donations to lawmakers on the Senate Banking Committee.Read more »
The Labor Department has just announced the United States economy gained only 69,000 jobs in May and the unemployment rate rose to 8.2 percent. We air part two of our interview with Academy Award-winning director Charles Ferguson, who first examined the network of academic, financial and political players who contributed to the nation’s financial crisis in his documentary, "Inside Job." In his new book, "Predator Nation: Corporate Criminals, Political Corruption, and the Hijacking of America," Ferguson draws on newly released court filings to continue his investigation.Read more »
Fresh video from the Occupy movement. 10/15/11
The following events happened just prior to this footage being captured:Read more »
A new right-wing movement billing itself the 53% is arising in response to the "I Am The 99%" Occupy Wall Street protesters and accuses the OWS protesters of being "whiners."Read more »
America’s largest banks can engage in flagrantly criminal activity on a massive scale and emerge almost completely unscathed. The latest sickening example comes from Wachovia Bank: Accused of laundering $380 billion in Mexican drug cartel money, the financial behemoth is expected to emerge with nothing more than a slap on the wrist thanks to an official government policy which protects megabanks from criminal charges.Read more »
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