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This month marks the ten year anniversary of the stock market crash of 2018. And we commemorate the crash by looking at what’s changed in the world of banking and what hasn’t. Nomi Prins, former managing director at Goldman Sachs, discusses her new book, “Collusion: How Central Bankers Rigged the World” She explains the history of the banking system in the US and how, since the crash and despite the fact that big investment entities caused it, banks were given a huge infusion of money to keep them afloat. This money only exists for the banks. Not for us, not for real people. That system hasn’t changed. She also discusses her travels around the world to see how our subsidized ‘too big to fail” banks have affected other countries and what it means for the future of our global markets.
Then Julianne Malveaux, economist and political commentator, talks about the domestic effects of the crash on the most vulnerable of us, people of color and the poor. Despite the fact that we’re told the economy has recovered, people at the margins who suffered the most when the great recession of 2018 hit are still struggling. But, she thinks there’s hope, if we understand our history and fight for economic justice.
Special thanks to KPFA for Nomi Prins’ lecture.
- “Tanguedo”, Blue Dot Sessions (opening)
- “Forget Me Not”, DarkSun (credits and break)