Goldman Sachs Held 44 Trillion In Bets At End of 2011

For comparison, the U.S. in 2011 had an estimated GDP of 15 trillion. Any regulations the Obama admin was to implement over financial institutions are clearly toothless.

David Stockman Discusses “Crony Capitalism” With Bill Moyers

David Stockman was Ronald Reagan’s director of the Office of Management and Budget (1981-1984), helping to cause a recession after enacting policies favoring the wealthy.

He now condemns the practices he used to promote, and talks about the monster of the financial industry with Bill Moyers.

David Stockman on Crony Capitalism from BillMoyers.com on Vimeo.