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Greg Palast Links Spitzer Bust with Bernanke Bailout of Banks Behind Subprime Meltdown

Posted By Kristin Vorbohle (editor) On March 20, 2008 @ 10:27 am In +english,+NGOs,podcast,Sea Change. Making Connections for Sustainability | Comments Disabled

CWR co-hosts Bill Baue and Francesca Rheannon speak with investigative journalist Greg Palast, who notes the coincidental timing of revelations of Eliot Spitzer’s hiring of a prostitute on the eve of Federal Reserve Chairman Ben Bernanke’s $200 billion bailout of banks implicated in the subprime meltdown. The former New York [1] Governor was set to unveil plans to pursue prosecution of the banks for predatory lending that is illegal under New York [1] State law, where most of the banks are headquartered, according to Palast. So instead of being busted by Spitzer, the banks behind the subprime mess were rewarded with a fifth of a trillion dollars, printed by the US government.

Listen [2]

14 March 2008, GregPalast.com: “Eliot’s Mess” [3]

CWR HEADLINES

Listen to CWR Headlines [4]

17 March 2008, BusinessGreen: “Experts warn Bear Stearns crisis could curb cleantech growth” [5]

13 March 2008, The Economist: The Green Exchange, the first US-based carbon emissions market, opened on March 17 (“The greening of Wall Street: Tackling the carbon crisis amid the credit crisis.”) [6]

16 March 2008, New York Times: “Hydrogen Fuel Station Opens in White Plains” [7]

11 March 2008, New York Times: “Long Ocean Voyage Set for Vessel That Runs on Wave Power” [8]

16 March 2008, New York Times: X-Prize Foundation announces contest for affordable, consumer-friendly car getting 100 miles a gallon [9]

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    Article printed from CSR NEWS | csr-news.net: http://csr-news.net/main

    URL to article: http://csr-news.net/main/2008/03/20/greg-palast-links-spitzer-bust-with-bernanke-bailout-of-banks-behind-subprime-meltdown/

    URLs in this post:

    [1] New York: http://csr-news.net/main/tag/new-york/

    [2] Listen: http://homepage.mac.com/sanfordlewisvideo/.Music/CWR-2008-03-19.mp3

    [3] 14 March 2008, GregPalast.com: “Eliot’s Mess”: http://www.gregpalast.com/elliot-spitzer-gets-nailed/

    [4] Listen to CWR Headlines: http://homepage.mac.com/sanfordlewisvideo/.Music/CWR-Headlines-2008-03-19.mp3

    [5] 17 March 2008, BusinessGreen: “Experts warn Bear Stearns crisis could curb cleantech growth”: http://www.businessgreen.com/business-green/news/2212173/experts-warn-bear-stearns

    [6] 13 March 2008, The Economist: The Green Exchange, the first US-based carbon emissions market, opened on March 17 (“The greening of Wall Street: Tackling the carbon crisis amid the credit crisis.”): http://www.economist.com/finance/displaystory.cfm?story_id=10855003

    [7] 16 March 2008, New York Times: “Hydrogen Fuel Station Opens in White Plains”: http://www.nytimes.com/2008/03/16/nyregion/nyregionspecial2/16hydrogenwe.html?scp=1&sq=white+plains+hydrogen&st=nyt

    [8] 11 March 2008, New York Times: “Long Ocean Voyage Set for Vessel That Runs on Wave Power”: http://www.nytimes.com/2008/03/11/science/11boat.html?scp=1&sq=wave+action&st=nyt

    [9] 16 March 2008, New York Times: X-Prize Foundation announces contest for affordable, consumer-friendly car getting 100 miles a gallon: http://www.nytimes.com/2008/03/16/technology/16ping.html?scp=1&sq=x+prize+foundation&st=nyt

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