2984 - BRITTNEY GRINER FREED; Big Finance Bankrupting Black America w/ Emily Flitter
The Majority Report with Sam Seder
Sam Seder
4.6 • 3.7K Ratings
🗓️ 8 December 2022
⏱️ 55 minutes
🧾️ Download transcript
Summary
Emma hosts Emily Flitter, finance reporter for the New York Times, to discuss her recent book The White Wall: How Big Finance Bankrupts Black America. First, Emma discusses this morning's news of President Biden announcing that WNBA star Brittney Griner has been released from Russian custody. Then, Emily joins and speaks about the current NYTimes Guild walk outs and what this means for the Times workers fight for better pay and better benefits. Afterwards Emily and Emma dive into her book, starting off with a general primer on the enormous racial wealth gap in the U.S., and how that wealth gap has persisted and even widened over the past 50+ years. She then touches on how banks have attempted to use a narrative of "racial progress" to buttress their social justice bona fides, without acknowledging the massive financial inequities that exist for Black Americans, and especially without acknowledging some significant banks like Citi's direct roots in slavery. Emily then speaks to the large amount of emails between bank tellers of numerous bank branches and how they showed a disproportionate emphasis on scrutinizing black patrons attempting to cash checks. They then turn to algorithms, how banks use them, and how they are utilized to continue to perpetuate the myth that algorithms are race blind and race conscious because they lack the same human error that produces racism, a claim that is blatantly false (algorithms aren't omniscient and don't appear in the world fully formed.) Emily ends the conversation by touching on her reporting on cryptocurrency, specifically FTX and Sam Bankman-Fried's attempts to assist with cities' guaranteed income programs in order to curry favor with Washington politicians, attempting to give impoverished people crypto, being told that poor people shouldn't be given an enormously speculative and unstable asset, agreeing to give them cash, then shuttering before handing over a single cent. Afterwards, Emma discusses further the passage of the Respect For Marriage Act, and Republicans insane reaction to its enshrinement into law.
And, in the fun half, Emma is joined by Matt Binder and Brandon Sutton, where they break down the "next entries" in the so-called "Twitter Files", Jack Dorsey's skepticism of Elon Musk, and Candace Owens claiming she doesn't believe in conspiracy theories, that the term "conspiracy theory" were created by the CIA, then begins to spout the conspiracy theories she believes in. Dave Rubin excitedly announces he tested positive for COVID, Dennis Prager's latest therapy session (his show) involves him thinking good male relationships involve being mean to each other, leading him to believe trans people can't truly become men, + your calls & IM's!
Check out Emily's book here: https://www.simonandschuster.com/books/The-White-Wall/Emily-Flitter/9781982183240
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Transcript
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| 0:00.0 | You are listening to a free version of Majority Report with Sam Steeder. |
| 0:05.0 | To support this show and get another 15 minutes daily program, go to Majority.fm. Please... |
| 0:13.0 | The Majority Report with Sam Steeder. |
| 0:19.0 | It is Thursday December 8th, 2022. |
| 0:24.0 | My name is Emma Vigeland, in for Sam Steeder, and this is the five-time award-winning Majority Report. |
| 0:31.0 | We are broadcasting live steps from the industrially ravaged Gawannis Canal in the heartland of America, downtown Brooklyn, USA. |
| 0:42.0 | On the program today, Emily Flitter, reporter covering banking and Wall Street for the New York Times, an author of the White Wall. |
| 0:52.0 | A big finance bankrupt black America. |
| 0:56.0 | Meanwhile, after 10 months of imprisonment, WMBA star Brittany Griner is finally free. |
| 1:05.0 | The White House made a deal for a prisoner swap for convicted Russian arms dealer Victor Boot. |
| 1:16.0 | The White House just passed the bill, protecting same-sex marriage that had passed the Senate already, but also protects interracial marriage. |
| 1:24.0 | It passed 258 to 169. |
| 1:29.0 | It heads to Biden's desk for a signature now. |
| 1:32.0 | The huge help to protect against Supreme Court malfeasance in that area. |
| 1:39.0 | Speaking of the extremist Supreme Court, they heard oral arguments yesterday. |
| 1:44.0 | In a case that would give state legislatures control over federal elections, it is as crazy as it sounds. |
| 1:52.0 | Kavanaugh, Coney Barrett, and Roberts appear to be trying to find a compromise, position for this insanity. |
| 2:01.0 | The Biden administration is appealing a ruling that limited its authority to use Title 42. |
| 2:09.0 | Although the order is still on track to end in a few weeks, they just want, you know, this draconian program in their back pocket. |
| 2:20.0 | Pentagon officials are reportedly furious over Congress likely striking a deal that would end the military's COVID vaccine mandate, citing logistical and health nightmares. |
| 2:34.0 | Makes sense. Gas prices have precipitously fallen. They're now lower than they were a year ago today, on average. |
| 2:42.0 | That's good news on the inflation front, but the Fed's disciplining of labor in order to tamp down inflation is beginning to make its effects felt. |
... |
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