The Quiet Coup

ZOOM’D host John Schmidt flies solo again with a candid look at the Quiet Coup—a story of the financial sector of the US and how it has amassed strength in America enabling it to exercise ultimate veto power over public policy. John offers a compelling narrative about realities of the last 30 years and the build-up of power orchestrated through a combination of deregulation and a revolving door of executives between Wall Street and Washington. The new documentary film “Inside Job,” and the work of Simon Johnson, MIT professor and author of “13 Bankers: The Wall Street Takeover and the Next Financial Meltdown,” are included in the many perspectives explored. This episode also addresses a core question: why would Wall Street be willing to make high risk bets that could bring themselves and the entire financial system down? The show concludes with a look at this years’ financial reform legislation and the escape clause for big banks— they will now likely become “too global to fail.”

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The Quiet Coup

December 20, 2010
Hosted by John D. Schmidt


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