Pursuing Petroleum Pigs, Power Pirates and High Finance Carnivores: A conversation with Greg Palast
Award-winning investigative journalist Greg Palast blew the lid off voter fraud in 2000 and 2004 that threw the presidential elections into doubt. Greg has picked up the money trail again, following it to a corrupt link between Big Oil and High Finance that has produced record corporate profits whilecreating environmental disasters like the recent Gulf oil spill. This new story, captured in his latest book, Vulture's Picnic: In Pursuit of Petroleum Pigs, Power Pirates, and High Finance Carnivores, reads like a pulp thriller as the Palast investigative team travels from Baku to the Arctic Circle in pursuit of this story.
Host Per Fagereng interviews Michael Hudson, Staff Writer at iWatch News about the legacy of corruption that still plagues Bank of America and a pattern of fraud at Countrywide Financial Corp., once the nation’s largest mortgage lender.
Theresa Mitchell with the "news you're not supposed to know." New tar balls in Gulf. BP now "the boss" there. Media under-reports severity of Fukushima--nuclear disaster is ongoing. We need to take measures to take care of ourselves. U.S. records highest poverty rate ever. Made possible by the rich paying off our politicians. Depression is permananent unless we overthrow billionaire rule. BUT democracy is breaking out, all over!
Theresa Mitchell with the news you're not supposed to know. This week Theresa is inspired by "Occupy Wall Street!" Also, new oil sheen in Gulf of Mexico -- oil leaking from giant cracks from BP disaster?
Who killed the economy? A page-turning, true-crime expose of the subprime salesmen and Wall Street alchemists who produced the biggest financial scandal in American history. It's hard to have a guilty conscience if you don't have a conscience. "Anything that benefited production - that benefited me and benefited my wallet - I'd do it." The sales force at Ameriquest Mortgage took this philosophy to heart.
They watched the Hollywood white-collar-crime flick Boiler Room as a training tape, studying how to pitch overpriced deals to unsuspecting home owners. They learned how to forge signatures on mortgage paperwork and create fake documents in cut-and-paste operations they dubbed The Lab or The Art Department.