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! Sam and Emma host David Dayen, executive editor at the American Prospect to round up the week in news. Then, they're joined by David Feldman of The David Feldman Show! First, Sam and Emma run through updates on the debt ceiling debacle, Trump’s masterful classified ...
It's an EmMajority Report Thursday! She hosts Brendan Ballou, federal prosecutor and former Special Counsel for Private Equity in the Justice Department's Antitrust Division, to discuss his recent book Plunder: Private Equity's Plan To Pillage America. Then, she talks to freelance ...
 It's Hump Day! Sam and Emma host economist Nathan Tankus, proprietor of the Notes on the Crises newsletter, to discuss the debt ceiling negotiations. Then, they're joined by Jessica Valenti, author of the Abortion, Every Day newsletter on SubStack, to discuss the recent anti-aborton laws being ...