| Airdate: Week
of May 23, 2010 |
| Part 1: WALL STREET VS. MAIN STREET 1 |
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In a 2 year period more than a million Americans lost their jobs and by 2008, 1.1 million of their homes were in foreclosure. Working people and their families were falling like dominos. Meanwhile 10 days after the government accused Wall Street powerhouse Goldman Sachs of fraud, the company's top executives lined-up before the U. S. Senate's Permanent Subcommittee on Investigations, right hands in the air, swearing to tell the truth. Today we'll explore the roots of the credit crisis and the Wall Street machine that jack-hammered Main Street's pavement. We talk with Bloomberg London Bureau Chief, Mark Gilbert, author of Complicit: How Greed and Collusion Made the Credit Crisis Unstoppable. |
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| Part 2: WALL STREET VS. MAIN STREET 2 | Listen |
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Currently the combined Stock Market value of Apple and Google is roughly $398 billion dollars At the same time, working families in the U.S. and around the world are struggling to dig-out of the hole the greed vendors dug for us all. On an 8 year research project focusing on how low-income wage-earners survive this economy, Lisa Dodson, Professor of Sociology, found a more compelling story in how mid-level managers are bending rules and padding paychecks to help their workers. We talk with Lisa Dodson on her revised project, which became her book, The Moral Underground: How Ordinary Americans Subvert an Unfair Economy. |
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| Host: Eileen Bott |
Produced
by: Kathy Golden |
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MUSIC
Wheels by Jaime Cullum
The Future's So Bright by Timbuk 3
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