Friday 23 March '12 show notes

Friday 23 March '12 show notes

   
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“Too big to fail” is bigger than ever!
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The Federal Reserve Bank of Dallas is out with its annual report on America’s banking industry – and the numbers are shocking. Currently – only 5 banks control more than half of all the industry’s assets. That’s right – the top 5 banks in America own 52% of all the wealth in the finance sector. To put that in perspective – in 1970 – the top 5 banks controlled only 17% of the industry’s assets. Not only that – the total wealth owned by the top 10 banks in the nation now equals half of America’s total GDP.
 
These startling numbers have prompted the President of the Dallas Fed – Richard Fisher – to call for the breaking up of the big banks – warning that they’ve become so large they not only threaten the Federal Reserve’s ability to conduct monetary policy – but also “erode faith in American capitalism.” Fisher also called for tough new financial reforms to strengthen the Dodd-Frank Wall Street reform law. Thanks to three decades of Reaganomic deregulation of Wall Street – we’ve all become slaves to the banksters.
 
As President Grover Cleveland said in his 1888 State of the Union address to a nation then under the control of the Robber Barons, "Corporations, which should be the carefully restrained creatures of the law and the servants of the people, are fast becoming the people's masters." Here we are again. It’s time to break up Wall Street before they crash our economy for a second time in just a few years.
 
-Thom
 
(What do you think will be done? Tell us here.)
 
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The Big Picture (small)
Tonight on The Big Picture on RT TV at 9pm and 11pm... Why do 5 banks hold 52% of all banking assets? (check your local listings for stations or stream at RT, and catch past shows on Youtube)
 
Need to Know: Why do 5 banks hold 52% of all banking assets?
- Wallace Turbeville, Demos, Attorney, Former investment banker who spent 12 years at Goldman Sachs Twitter
 
Screwed: Paul Ryan's Budget-most extreme corporate welfare
- Rebekah Rast, Americans for Limited Government Twitter Twitter Twitter
 
Keystone Pipeline...Big Oil Pandering
- Karl Frisch, Bullfight Strategies Twitter
 
The Best of the Rest of the News...
 
Why is TN teaching creationism?
- Dinesh D'Souza, Columnist / Author Twitter
 
Daily Take: Geeky Science Rocks Does being bilingual makes you smarter?
 
Daily Take: Trayvon Martin-tensions are building in Sanford
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Today on The Thom Hartmann Program, 3-6pm ET
 
Hour One: Live from Florida...latest on Trayvon Martin
- Joe Madison, The Joe Madison Show Twitter
 
Hour Two: Fired for being a creationist...is that ok?
- John G. West, Ph.D. Twitter
 
Geeky Science Rocks- Does being bilingual makes you smarter?
 
Hour Three: Wisconsin has a Trayvon Martin too
- John Nichols, The Nation Magazine Twitter
 
And, the best of the rest of the news and your calls right here on...
 
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Wednesday's Daily Stack Daily Stack
Quote: "Health is a state of complete physical, mental and social well-being, and not merely the absence of disease or infirmity." -- World Health Organization, 1948.
 
Hour One: What is the nature of community?
 
The Big Picture
- Sam Sacks, The Big Picture producer, progressive commentator Twitter
 

Hour Two: Bomb Iran...Romney wins
Article: "IMF sees $160 oil risk despite Libyan boost" by Ambrose Evans-Pritchard.
Article: "U.S. Agencies See No Move by Iran to Build a Bomb" by James Risen and Mark Mazzetti.
 
Article: "Bush rejects Taliban offer to surrender bin Laden" by Andrew Buncombe, 15 October 2001.
Article: "My Testimony for the Downing Street Memo Hearings" by Cindy Sheehan, June 16 2005.
Book: "A Charge to Keep: My Journey to the White House" by George W. Bush, Mickey Herskowitz.
 
Talk Radio News Segment:
- Ellen Ratner, Bureau Chief Twitter

Hour Three: Obamacare vs. "The Pipes Plan"
- Sally Pipes, Pacific Research Institute Twitter Twitter
Article: "Unplugged McCain sings 'bomb bomb bomb, bomb bomb Iran'" by David Edwards and Ron Brynaert.
 
How Obamacare is helping
- Ron Pollock, Families USA Twitter
 
The good: Elaine Johnson: "California Teacher Rescues Toddler From Burning Car" by Katie Kindelan.
The bad: "MN House passes voter ID; Senate next" by Don Davis.
 
Article: "Romney Rolls to Illinois Win" by Janet Hook and Patrick O'Connor.
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