Wells Fargo Profits from Private Prisons

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MEDIA ROOTS — As big banks inject record amounts of cash into lobbying this year, largely aimed at access to financial regulators, Wells Fargo, in particular, stands out because of its added rapacious dimension of investments in for-profit prisons and immigrant detention centres.  Certainly, legal wrangling over deportation policies is politicised.  Yet, whereas pre-9/11, undocumented immigrants were summarily deported to … Read More

Media Roots TV – Greg Palast & Vultures’ Picnic

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MEDIA ROOTS — On November 14, 2011, Abby Martin of Media Roots interviewed award-winning journalist and best-selling author Greg Palast after his talk at the First Congregational Church of Berkeley. Greg Palast, a freelance journalist for the BBC as well as British newspaper The Observer, discusses his newly published book Vultures’ Picnic, corporate collusion, the bought-and-paid-for-media establishment, the role of … Read More

MR Transcript – Unpacking Mr. Global, Part 1

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MEDIA ROOTS — When Naomi Klein’s seminal book The Shock Doctrine hit the scene, the U.S. political Left was forced to look beyond simply complaining about conservatives or Washington corruption and was stimulated to pay closer attention to the actions of Wall Street and the world of economics. With the introduction of concepts, such as economic hitmen and disaster capitalism, … Read More

BofA Dumps $75 Trillion In Derivatives on U.S. Taxpayers

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MEDIA ROOTS— Recently, economic journalist Doug Henwood was interviewed on Pacifica Radio’s “Against the Grain” to dispel various myths he and his interviewer tied to the Occupy Wall Street Movement.  One of which was about the Federal Reserve being the source of all evil. The Federal Reserve System is the private U.S. central bank which controls our monetary policy.  And … Read More

Obama Still Flush with Cash from Financial Sector

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MEDIA ROOTS— Rhetoric aside, Obama continues to be the darling of Wall Street. In 2008, President Obama racked up $750 million dollars for his Presidential campaign, and is projected to take in roughly $1 billion dollars for 2012. Although the President appears to commiserate with the Occupy Wall Street movement and its dissatisfaction of Wall Street’s influence over politics, Obama … Read More