Episode

9/19 Mike Konczal: What we get wrong when we talk about ‘the financial crisis’

September 19, 2013

Economist Mike Konczal explains, why we focus to much on the Lehman Brothers collapse when we talk about the financial crisis, the broader roots of the economic implosion, how Wall Street manipulates “stress tests”, why Wall Street fails and never pays a price, how the financial sector holds back American growth and innovation and why Larry Summers getting pressured out of the race for Fed chair is great for America.

On The Better Half: everyone celebrated the new MR app, Iran’s new President Hassan Rouhani says his country does not want nuclear weapons, gun nuts protest Starbucks gun ban in Newton Connecticut and your calls and IMs.

And keep the conversation going on our morning thread

Members make the Majority Report possible. Please join us by becoming a MEMBER. You can also show your support by clicking thru to the DONATEbutton for a one-time donation. Thanks!


 

 

Past Episodes

Sam chats with the Daily Poster’s David Sirota about Joe Manchin’s filibuster turn around, the Democrats’ blame game with the Senate Parliamentarian, and progressive intra-party dealmaking troubles. Sam also touches on the progressive shift in New York State politics as Cuomo continues to be ...
Sam and Emma host Quincy Institute Middle East Research Fellow Dr. Annelle Sheline to discuss the Biden Administration’s Yemen policy and relationship with Saudi Arabia. Next, Jonathan Guyer, managing editor at the American Prospect, joins us to discuss the domestic incentives of Big ...
Sam and Emma host three progressive candidates for the 2022 election cycle including Tom Nelson challenging Ron Johnson in the Wisconsin Senate, Nina Turner vying for Marcia Fudge's special election seat in Ohio's 11th, and Isiah James progressive primary challenge of Yvette Clark in New York's ...