Bill Moyers: Was the Financial Bailout Just a Quiet Takeover of the Federal Government?
Excerpt from last Friday’s episode of Bill Moyer’s Journal:
“Bill Moyers: Let’s look at this story that I just read from the Associated Press this week about how Treasury Secretary Geithner is on the phone several times a day with a select group of very powerful Wall Street bankers, especially Citigroup, J.P. Morgan, Goldman Sachs. He will talk to them when Members of Congress have to leave a message on the answering machine. And these are the bankers who helped bring on this calamity and who are now benefiting from it. What does that say to you?
Rep. Marcy Kaptur: That says to me that Wall Street and Washington is a circuit. And because Mr. Geithner headed the New York Fed that that historic relationship, unfortunately, continues. And it gives them special access and special power to influence policy…”