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The Rob Kall Bottom Up Radio Show Podcast

Robert Scheer; Interview on new book: Great American Stickup; How Reagan Republicans and Clinton Democrats Enriched Wall Street While Mugging Main Street

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Permalink Headlined to H1 9/8/10

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Interview Notes
commodity futures modernization act of 2000 prevented regulations to new collateralized debt,  credit default swaps.

broke the old pattern where bankers cared about homeowners.

Brooksley born head of commodities trading commision sounded the alarm 17 times.
Passed legislation that made it hard for anyone to take a look at this stuff.

Reagan couldn't pull off de-regulation. It remained for clinton to do this.
Asked Rubin what it would take to make wall street happy-- Rubin and Summers made it happen.

Clinton teamed up with Phil Gramm, most dems went along, NY Times applauded it. There were no critical media to examine it.

14 million homeowners underwater, lost their home... about 50 million people

Russ Feingold is a hero on this whole thing. Thinks most recent legislation is a fraud.

This was not covered by the media-- media was owned by same people who wanted this radical deregulation. GE, Media companies wanting mergers.

This is the clinton bubble--

Democrats leaders delivered on Reagan's revolution...
Obama gets a B- on health care.

Part of the problem is this meritocracy that we believed in.
I'm a professor at USC.
But we have the best and the brightest leading us astray.

What is Lawrence Summers, who failed with Clinton, then failed with Harvard, then appointed by Obama?
You appoint this guy, the fox, to guard the henhouse?

Legislation Lawrence Summers pushed through congress-- Commodity Futures.... act. Clinton signed it
The legislation exempted all these new kinds of packages from regulation. This was aimed at Brooksley Born, who was in charge of applying regulations.
Contained the enron

book should appeal to conservatives, certainly to libertarians.
This is a betrayal of Adam Smith-- allowing the market to use the government. ....

Tries to explain why capitalism was betrayed by top wall street banks and top government.

Not a conservative or liberal issue.

The TARP-- the bailout was one of the great swindles of modern life. that's why so many homes are under water.

$50 billion infrastructure vs $350 billion to citigroup.
Calls for a moratorium on foreclosures.

If obama was a socialist, then bush was a socialist.

Fannie MAE and FREDDIE MAC were traded on the stock market, and heads got huge payments...
Poor people were the ones screwed by them

YOu don't have adults managing the store. Mostly smart liars, spinners got us into the IRaq war. All of the arguments that got us into Iraq were fraudulent... lies. Smart people who supported the IRaq war, probbly high SAT.
Careerism trumps integrity
Money trums decency.

Nixon and Eisenhower would not survive as Republicans today.

John Dean says that Goldwater wouldn't survive now.

Who's getting screwed and who's doing the screwing?

George McGOvern was one of the great heroe's of modern life-- one of the saints of American life.

toxic mixture of career, ambition and money.

IF Stone-- didn't want to have access and influence to most powerful in Washington because he didn't expect them to tell the truth.  won webbie for best political blog three times.
 Scheer was pushed out of the LA times.


moratorium on mortgage foreclosures

Fannie Mae and Freddie Mac role

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Rob Kall is editor-in-chief, publisher and site architect of, President of Futurehealth, Inc, and an inventor. He hosts the Rob Kall Bottom Up Radio Show, aired in the Metro Philly area on AM 1360, WNJC. Over 200 podcasts are archived for downloading here, or can be accessed from iTunes. Rob is also published regularly on the

Rob Kall Wikipedia Page

Rob is, with the first media winner of the Pillar Award for supporting Whistleblowers and the first amendment.

See more Rob Kall articles here and, older ones, here. To learn more about Rob and, check out A Voice For Truth - ROB KALL | OM Times Magazine and this article. For Rob's work in non-political realms mostly before 2000, see his C.V..  and here's an article on the Storycon Summit Meeting he founded and organized for eight years. Press coverage in the Wall Street Journal: Party's Left Pushes for a Seat at the Table

Here is a one hour radio interview where Rob was a guest- on Envision This, and here is the transcript. 

To watch Rob having a lively conversation with John Conyers, then Chair of the House Judiciary committee, click hereWatch Rob speaking on Bottom up economics at the Occupy G8 Economic Summit, here.

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My articles express my personal opinion, not the opinion of this website.

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Everyone in the U.S. should read this book! I'm go... by Elizabeth Hanson on Thursday, Sep 9, 2010 at 12:28:36 PM
Just bought six books and passed two out already, ... by Elizabeth Hanson on Thursday, Sep 9, 2010 at 2:36:41 PM
I bought the books and had a date to go with a fri... by Elizabeth Hanson on Friday, Sep 10, 2010 at 12:37:24 PM
What a really great inspiring interview. I share h... by Marika on Thursday, Sep 9, 2010 at 4:46:50 PM