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The American Empire in a Changing World



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Sunday, January 29, 2012

Bill Moyers: ''John Reed on Big Banks’ Power and Influence''

35 minute video.........from bill moyers.com....

"There’s no clearer example of the collusion between government and corporate finance than the Citicorp-Travelers merger, which — thanks to the removal of Glass-Steagall — enabled the formation of the financial behemoth known as Citigroup. But even behemoths are vulnerable; when the meltdown hit, the bank cut more than 50,000 jobs, and the taxpayers shelled out more than $45 billion to save it."

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