Watch: This week's show: Crony Capitalism
Web Extra: How Fannie Mae, Wall Street banks, and government agencies allowed the mortgage giant to avoid regulation and enrich its executives.
Quiz: Test your knowledge of Wall Street's financial jargon.
Bill Moyers and former White House budget director David Stockman discuss how politics and high finance have turned our economy into a members-only private club. (check local listings).
For years, high-ranking administration officials have spun through the revolving door between the White House and American big business. But how have they influenced the regulation of industries from which they came — and American democracy as a result? This weekend, continuing our sharp multi-episode focus on the intersection of money and politics, Moyers & Company explores the tight connection between Wall Street and the Washington with David Stockman, former budget director for President Reagan.
Also on the show, Moyers talks with Pulitzer Prize-winning New York Times reporter and columnist Gretchen Morgenson on how money and political clout enable industries to escape regulation and enrich executives at the top. In a web-exclusive video, Morgenson talks about the web of influence among government, big business and high finance.
MORE
For years, high-ranking administration officials have spun through the revolving door between the White House and American big business. But how have they influenced the regulation of industries from which they came — and American democracy as a result? This weekend, continuing our sharp multi-episode focus on the intersection of money and politics, Moyers & Company explores the tight connection between Wall Street and the Washington with David Stockman, former budget director for President Reagan.
Also on the show, Moyers talks with Pulitzer Prize-winning New York Times reporter and columnist Gretchen Morgenson on how money and political clout enable industries to escape regulation and enrich executives at the top. In a web-exclusive video, Morgenson talks about the web of influence among government, big business and high finance.
MORE
From the beginning I've been disgusted with Obama having employed all of these crooked bankers in his administration and after seeing this show, I learn he is more into this despicable practice than ever. It is more of a joke now than ever calling Obama a far-left liberal socialist when he has no such trappings. Who would think Stockman of trickle-down fame would be on the right side of the problem. Thanks Moyers for having him on.
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