AIG and the Big Takeover: Matt Taibbi on "How Wall Street Insiders Are Using the Bailout to Stage a Revolution"
In a new article in Rolling Stone Magazine, journalist Matt Tabbi takes an in-depth look at the story behind AIG. “The reality is that the worldwide economic meltdown and the bailout that followed were together a kind of revolution, a coup d’état,” writes Taibbi. “They cemented and formalized a political trend that has been snowballing for decades: the gradual takeover of the government by a small class of connected insiders, who used money to control elections, buy influence and systematically weaken financial regulations.” [includes rush transcript–partial]
Obama Sending More Federal Agents, Money to Mexico Border for Drug War
Secretary of State Hillary Clinton heads to Mexico today, a day after the Obama administration announced it would send more money, technology and manpower to secure the United States-Mexico border and bolster the Mexican government’s anti-narcotics operation. We go to the US-Mexico border to speak with independent journalist John Gibler.
Jailed Without Justice: New Report on US Immigration Detention Blasts System as Broken and Costly
We take a look at a new report from Amnesty International USA lambasting the state of the immigrant detention system in this country. 400,000 people are arrested by immigration officials each year, some of them US citizens. The report, “Jailed Without Justice,” says that tens of thousands languish in immigration prisons in deplorable conditions without receiving a hearing to determine whether their detention is warranted.
Sen. Sanders Blocking Vote to Confirm Obama Nominee Who Worked to Deregulate Credit Default Swaps
We speak with Independent Senator Bernie Sanders of Vermont, who is attempting to block President Obama’s nominee to head the Commodity Futures Trading Commission, Gary Gensler, a former Goldman Sachs employee. “Gensler worked with Sen. Phil Gramm and Alan Greenspan to exempt credit default swaps from regulation, which led to the collapse of A.I.G. and has resulted in the largest taxpayer bailout in U.S. history,” Sanders said.
Admin Proposes New Authority to Seize Non-Bank Firms
Obama Defends AIG Response, Pushes Budget
EPA Halts Mountaintop Removal Projects
Probe: Labor Dept. Fails to Safeguard Worker Rights
Health Insurers Offer to Drop Overcharging for Illness
Obama Admin Backs Ban on Foreign Scholar
Pentagon Memo: Drop “War on Terror”
Clashes Follow Far-Right Israeli March in Arab Town
South Africa Cancels Peace Conference Following Dalai Lama Ban
UN Warns on Darfur Aid
10 Die in Afghan Bombing