• Guests:
  • Topics:
    • "Brunch With Bernie," the longest running national townhall meeting (going on 6 years now!).
    • Fort Hood shootings, veteran's issues... how we're helping returning war vets, etc.
    • Standing up to the U.S. Chamber of Commerce.
    • Italian court convicts CIA operatives
  • Bumper Music:
  • Today's newsletter has details of today's guests and links to the major stories and alerts that Thom covered in the show, plus lots more. If you haven't signed up for the free newsletter yet, please do. If you missed today's newsletter, it is in the archive.
  • Quote: "And in the end, it's not the years in your life that count. It's the life in your years." -- Abraham Lincoln.
  • Article: "Too Big to Fail - Too Big to Exist" by Senator Bernie Sanders.

    Senator Bernie Sanders introduced legislation that would break up financial institutions that are too big to fail. "If an institution is too big to fail, it is too big to exist," Sanders said. "We should break them up so they are no longer in a position to bring down the entire economy. We should end the concentration of ownership that has resulted in just four huge financial institutions holding half the mortgages in America, controlling two-thirds of the credit cards, and amassing 40 percent of all deposits." Sanders' legislation would give Treasury Secretary Timothy F. Geithner 90 days to compile a list of commercial banks, investment banks, hedge funds and insurance companies that he deems too big to fail. The affected financial institutions would include "any entity that has grown so large that its failure would have a catastrophic effect on the stability of either the financial system or the United States economy without substantial Government assistance." Within one year after the legislation became law, the Treasury Department would be required to break up those banks, insurance companies and other financial institutions.

  • Quote:
    "Let me assert my firm belief that the only thing we have to fear is fear itself — nameless, unreasoning, unjustified terror which paralyzes needed efforts to convert retreat into advance."
    Franklin D. Roosevelt, First Inaugural Address March 4, 1933.

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