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This week on CounterSpin: Looking back and looking forward on the financial crisis.
(cc photo: Steve Rhodes)
Hundreds of thousands of people lost homes or jobs or savings in the financial meltdown of 2008, but those casualties were not a big part of media’s “10 years later” stories. Those foreground the personal reminiscences of policymakers like former Federal Reserve chair Ben Bernanke, who suggest that they did what had to be done, but maybe didn’t sell it properly to the public. We’ll discuss how things could’ve gone differently with Dean Baker, senior economist at the Center for Economic and Policy Research. His column “The Bank Bailout of 2008 Was Unnecessary” appeared recently in the Los Angeles Times.
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(cc photo: Magic Trax)
And we’ll discuss how things can still go differently with journalist Nathan Schneider. He’s assistant professor of media studies at the University of Colorado, Boulder, and author of a new book called Everything for Everyone: The Radical Tradition That Is Shaping the Next Economy.
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This piece was reprinted by RINF Alternative News with permission from FAIR.