The public knows the award-winning Bill Moyers Journal for delving into issues affecting American lives. In this episode, Moyers interviews two prominent government regulators on the state of their industries. These discussions are timely in a climate of widespread irregularities and domination of whole economic sectors by large corporations.
Many average citizens lost their livelihoods to complex number crunching done by banks and investment houses in the latter years 20th century. These people want the government to provide protection, the interviews imply. There is also a fear of losing freedom of access to the World Wide Web, as the government must juggle the fine line between protecting users from big businesses and allowing open access to information.
William K. Black spent years working as a senior federal banking regulatory. He is now a respected professor at the University of Missouri, Kansas City (UMKC). Viewers hear Black explain what led to the banking crisis. The guest compares the situation with that of the prior Saving and Loan Crisis of the 1980s. He finds the main difference between the two is that the scope of fraudulent behavior was larger this last time. Throughout the interview, Black puts forth an argument for increased government regulation of the financial sector.
FCC Commissioner Michael Copps is the second guest on this show. His interview is about freedom on the web. The government finds itself trying to find a way to give people the fastest internet access possible, without allowing large companies to dominate the market, Copps explains. Will large telecoms be able to bring internet access to a wider number of Americans? Will large telecom dominance in the industry lead to costs that some consumers will not be able to bear? Viewers have the chance to hear an expert provide some answers.
Bill Moyers Journal: Bank Fraud / Net Neutrality
- Enhanced DVD
- ISBN: 978-1-61616-886-5
- Run Time: 57 Minutes
- Copyright Date: 2010