How WS banksters are sabotaging Financial reform - Bill Moyer's Journal.

[JohnWxy]

another vote for a Bill MOyers Emmy for actually informing the public(exraordinary service on the part of anyone in the news media). A must watch/read:

http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=103x509218

[theoldman]

1. Big banks, big insurance, big pharmacy, it's all the same.

You cannot beat big money unless most of the people unite and that will not happen. There are too many idiots fooled by what they hear from the politicians that are bought and paid for by these companies. Just how many people do you think watch Bill Moyers? Maybe 5% of the population?

[JohnWxy]

4. I know. It's a downer, but print the transcript... or excerpts. Give copies to people at work.

We have to try to fight disinformation. But, I know it can be discouraging.

Just tell people to email their Congressman and Senators about the "Carried Interest Rule" ..if people get specific in their emails it has more impact.

Tell your ma, tell your Pa, tell your idiot Brother-in-law (we all have one). Well, maybe forget your brother-in-law, he's beyong hope - like the Tea-Baggers - so fucking ignorant you might as well be trying to explain economics to a dog.

[proud patriot]

2. K and R

bookmarked for later thank you

[azul]

3. They will continue to get away with it until the media story changes:

BILL MOYERS: Yeah, I was struck by the — by that paragraph in your story, where it said the financial industry has persuaded us, convinced us over the last 30 years that the purpose of the financial industry is not to serve companies needing capital or consumers needing credit, but to make money for themselves. And you go on to say that in a very fundamental way, this financial lobby has changed America. What do you mean by that? That goes deeper than campaign contributions and money and even influence in Washington. You say they've changed our framework.

KEVIN DRUM: Yeah, yeah. It goes a lot deeper. It's what Simon Johnson the chief- former chief economist for the I.M.F., it's what he calls Intellectual Capture. And-

BILL MOYERS: Intellectual Capture.

KEVIN DRUM: Right. It goes beyond regulatory capture, where, say the banks control the S.E.C. That's one thing. Intellectual Capture means that essentially the financial industry has convinced us, you know, in the '50s what was good for General Motors was good for America. Now it's what's good for Wall Street is good for America. And they've somehow convinced us that we shouldn't ask about what's right or what works or what's good for America. We should ask what's productive, what's efficient, what helps grow the economy.

http://www.pbs.org/moyers/journal/01082010/transcript3.html

[Vinnie From Indy]

5. The same groups of people own the media

They also own the vast majority of the broadcast spectrum, cable systems, satellite systems and the regulatory agencies that oversee all of it.