Ralph Nader Radio Hour

Spank the Banks

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Synopsis

Ralph welcomes economist, attorney, and investigative journalist, James Henry for his expert take on what is going on in the banking system and what we can do to keep it from blowing up. And Professor and former Nader’s Raider, Alison Dundes Renteln, takes on the commercialization of our universities in her book “The Ethical University: Transforming Higher Education.”James Henry is a leading economist, attorney, consultant, and investigative journalist, who has written and spoken widely on the problems of tax justice and development finance. He is a lecturer and Global Justice Fellow at Yale University.The first thing we learn from the history of banking crises in the United States is that banks are really the Achilles heel of capitalism. This keeps happening. And we got used to a period when banking crises— we thought— had been taken care of, that we could just assume that someone in the Fed, or in the US Treasury, or regulators at the global level would understand all this stuff and they would reform the sy