Britannia Radio

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 The Best Way To Rob A Bank Is To Own One
 
 By Bill Moyers & William K. Black
 Video - Audio and Transcript
 
 The financial industry brought the economy to its knees, but how did they get away with it? With the nation wondering how to hold the bankers accountable, Bill Moyers sits down with William K. Black, the former senior regulator who cracked down on banks during the savings and loan crisis of the 1980s. Black offers his analysis of what went wrong and his critique of the bailout. Continue

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Crusade Against the Oligarchs of Wall Street

By Andrew Leonard

The United States is unwilling to take the same harsh medicine it would prescribe to a developing nation that exhibited the same critical problem: domination of the political process by self-interested economic elites. Continue

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The Quiet Coup

By Simon Johnson

The conventional wisdom among the elite is still that the current slump “cannot be as bad as the Great Depression.” This view is wrong. What we face now could, in fact, be worse than the Great Depression' Continue

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Another 663,000 Jobs Lost in March

Girding for a Depression

By PETER MORICI

Today, the Labor Department reported the economy lost 663,000 payroll jobs in March. The economy is shifting to permanently lower levels of production and employment, as the recession nears turns into a depression. Continue

Iran and Venezuela open joint bank: “The values of capitalism are in crisis and capitalism has to end,” the television quoted Chavez as saying at the inauguration ceremony. “We must take a transitional path to a new model that we call socialism.”

Beyond the dollar: People's Bank of China governor Zhou Xiaochuan said last week that the Special Drawing Rights (SDR) of the International Monetary Fund (IMF) should replace the dollar as the world's main currency. The political reasons for his proposal are clear, its merits rather less so.

Peter Schiff The Dollar is Gonna Drop Like a Stone: Video

US unemployment hits 26-year high: Unemployment in the US has jumped to its highest level since 1983 after employers cut 663,000 jobs and workers' hours to the lowest on record, government figures have shown.