Eurozone leaders are meeting, again...After talking about the eurozone crisis in Davos, they've moved to Brussels for an EU summit to...talk about it some more...blah blah blah. A lot of talk. When are we going to get something legitimate? Meanwhile, governments and banks are still in bed together - tangled up in their illicit love affair three years after the financial crisis began. We know the drill and we're sick of it. We are sick of socializing losses.
We are sick of fraudulent accounting. We are sick of hostage crises that force us to give ever more of our future earnings and ever more of our current purchasing power to a group of elitist bankers who don't have to play by the same rules as the rest of us. Economist Michael Hudson joins us to talk about just this. He wrote an article recently that gave some context to banking, reminding us that, once upon a time, kings and governments used to kill bankers that they didn't want to pay. So how did we get to where we are today, where bankers and banks are killing governments, moving their toxic assets onto the national balance sheets in return for fresh cash?And later in the show, Lauren will give the audience her take on the week she spent in Davos, what she learned, and what she thinks is worth sharing with the rest of us.