The Next Financial Crisis Is Coming, And There's Only One Way To Stop It
The world of high finance is an astonishingly complicated one, but the rules that govern it (or fail to, as is currently the case) are critically important to the future of the United States. In this video, Bill Moyers and former TARP special inspector Neil Barofsky give us a rare inside look at the hidden war for America's financial future.
The whole video is worth a watch, but here's the highlight reel for those in a hurry: At 2:39, we learn that the Bush and Obama administrations have more in common than many Americans would care to admit. At 5:11, we learn how the banks became "too big to jail," and at 9:11, we find out why this attitude makes the next financial crisis "inevitable." The toll the pressure to "play ball" with Wall Street is taking on our democracy is highlighted at 12:49, and the surprisingly simple solution to everything is revealed at 19:13.