The role media played in austerity as a necessary evil?

Professor William "Bill" Black, author of The Best Way to Rob a Bank is to Own One, joins Thom Hartmann. As Greeks withdraw their money from the banks - and the Spanish enter a second recession - Republicans in Congress are still applauding austerity. What's the austerity endgame - and when will world leaders finally realize austerity is not the way to rebuild an economy?