Wednesday, November 10, 2010

Banks to Cash-In Again on New Fed Plan [2 videos]

This is a two part interview with Yves Smith (of Naked Capitalism website) from Real News Network. Paul Jay does an excellent interview to draw out Smith's understanding of this latest creation of money by the Fed (QE2). Smith has had an extensive career in the financial services industry and knows a lot about the system. She has not yet reached the point of rejecting the system itself, rather she still believes that Wall Street or some group of people are ruining the system. She is an honest, knowledgeable person who wants to save it.

Part 1 (12:28m) 

Part 2 (11:41m)