The Libor scandal underlines the pervasive deceit and corruption at the heart of global finance over the past several years. Eliot Spitzer leads a good discussion on the topic in this clip. Here is a direct link.
Danielle Park joined us today for the Park Perspective. The tales of corruption and exploitation in the financial sector keep getting worse and worse. From fixing the LIBOR interest rates to laundering money for drug cartels, is there anything the financial sector won’t do to make a buck? But Danielle believes that there’s an end coming to the bailouts, and it will be soon. The immorality of the system and it’s destructive influences are becoming plain to everyone’s sight. The question is, how will change come from outside the system, to rebuild it and make it honest and beneficial to society? Perhaps, events will soon unfold that make it impossible for the financial system to continue its business as usual ways, and it will become a matter of reform or die.
Lakshman Achuthan, chief operations officer of the Economic Cycle Research Institute, talks about the performance of the U.S. economy. Achuthan speaks with Tom Keene on Bloomberg Television’s “Surveillance.” Here is the direct link.
