Six banks control 60% of GDP

Moyers: Six Banks Control 60% of Gross National Product — Is the U.S. at the Mercy of an Unstoppable Oligarchy?
By Bill Moyers, Bill Moyers Journal
Posted on April 23, 2010, Printed on April 23, 2010

The following is a transcript taken from Bill Moyers’ recent interview with Simon Johnson and James Kwak on Bill Moyers Journal.

So even if the Tea Party folks saw the light, what can ordinary Americans do?

That’s the question I want to put to my guests, Simon Johnson and James Kwak. They have written this new book, 13 Bankers: The Wall St. Takeover and the Next Financial Meltdown. It’s a must read – already a best seller — and it couldn’t have come at a better time. This book could change the debate over financial reform by tipping it in favor of the public.

Simon Johnson is a former chief economist at the International Monetary Fund. He now teaches at MIT’s Sloan School of Management and is a Senior Fellow at the Peterson Institute for International Economics.

Read more.

Leave a Reply

Your email address will not be published. Required fields are marked *