Too Big to Fail and Getting Bigger
Bill Moyers in Conversation
Public Square Media, Inc.
4.8 • 599 Ratings
🗓️ 13 June 2014
⏱️ 23 minutes
🧾️ Download transcript
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| 0:00.0 | I'm Bill Moyers. It's good to have your ear. |
| 0:05.0 | Too big to fail and getting bigger. |
| 0:09.0 | I'm talking with a knot of money about the banker's new clothes. |
| 0:14.0 | Banks are always somehow tied to governments and politicians. |
| 0:20.0 | I let you take the risk. I love to governments and politicians. |
| 0:22.6 | I'll let you take the risk. |
| 0:24.3 | I love to take the risk. |
| 0:25.7 | Let's hope for the best. |
| 0:27.4 | You know, I'll be gone, you'll be gone. |
| 0:28.6 | By the time it comes back, |
| 0:29.8 | and then it's nobody's fault. |
| 0:33.2 | The financial system continues to be fragile, |
| 0:35.2 | and the banks continue to live dangerously. you leave this system to its own devices and good |
| 0:39.1 | luck to all of us. It cannot work without regulation because it's got us. It's like a hostage |
| 0:44.2 | situation. Thanks for joining us. It's been six years this summer, believe it or not, but I'll |
| 0:52.5 | bet you remember how disastrous the financial |
| 0:55.1 | meltdown was in 2008, how scared we were and angry at the banking industry's blatant |
| 1:02.0 | negligence, arrogance, and greed. And remember all the guilty CEOs who went to jail for their |
| 1:07.6 | wrongdoing? Yeah, neither do I. But maybe you do remember our broadcast |
| 1:13.0 | last week on which the Nobel Prize winning economist Joseph Digglitz compared how the government |
| 1:18.8 | responded during the financial crash to the police, mollycodling a drunk driver. |
| 1:24.3 | What we did was analogous to we take the perpetrator, the guy who was the drunk |
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