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Monday, November 2, 2009

capitalism a love story trailer.

AMY GOODMAN: Michael Moore, I wanted to turn to an interview that you did in Capitalism: A Love Story with the former bank regulator Bill Black about Timothy Geithner, President Obama’s Treasury Secretary and the former president of the Federal Reserve Bank of New York.

BILL BLACK: …pretty much everything he’s done in life. Most of the institutions that destroyed the economy were under his direct regulatory authority.

MICHAEL MOORE: How did he get the job as Treasury Secretary?

BILL BLACK: By completely screwing up his job as president of the Federal Reserve Bank of New York.

MICHAEL MOORE: That makes no sense.

BILL BLACK: Of course it makes perfect sense. This is not new to Washington. People who will give you the wrong answer, but the answer you want, are invaluable, and they often get promoted precisely because they’re willing to say and do absurd things. These are the people that promised us that financial deregulation would make all of us rich, and these are the people who were personally made rich.

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