Episode

7/22 Bob Ivry: The Seven Sins of Wall Street: Big Banks, their Washington Lackeys, and the Next Financial Crisis

July 22, 2014

Bob Ivry the author of The Seven Sins of Wall Street: Big Banks, their Washington Lackeys, and the Next Financial Crisis Bob Ivry explains why the sin of pride is the defining sin of Wall Street, why the 2008 financial crisis fully demonstrated the power of the big banks, the lost feeling of shame, the Citigroup settlement, the political constraints on Wall Street accountability, moral hazard, why Wall Street knows they can count on taxpayer protection, what Dodd Frank misses, why we need smaller banks, where the next financial crisis might come from and how Tim Geithner was able to distort the Obama Administration’s financial crisis response.

Two Republicans on the DC Circuit Court gut Obamacare but you probably don’t need to worry.

On The Fun Half: President Obama’s failure to address the refugee crisis at the border, Rick Perry’s border theatrics, a horrifying advertisement for the British National Party youth wing, Benjamin Netanyahu says a “‘A Man’s Gotta Do What a Man’s Gotta Do’, when Israel liked Hamas and your calls and IMs.

Also take a look here for all of the links for today’s show here

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 DONATE button for a one-time donation. Thanks


 

Past Episodes

It's Casual Friday on The Majority Report On today's program: Carlyle's Chief Strategy Officer of Energy Pathways, Jeff Currie says U.S. oil reserves will run empty somewhere in the July 4th period. The CFO at household appliance manufacturer Whirlpool says that they haven't seen ...
It's an Emmajority Report Thursday on The Majority Report On today's program: It’s election day in the United Kingdom, and the British media is using the stabbing of two Jewish men by a mentally ill man from Somalia — who also stabbed a Muslim man, though that detail rarely seems to get ...
Welcome back to the Majority Report On today's program: As Donald Trump’s war in Iran sinks deeper into a quagmire, Jesse Watters struggles to frame it in a way that reassures his audience before their 7 o'clock bedtime. Marco Rubio says the goal of the war on Iran is to get back to ...