Paul Craig Roberts on the revolving door in Washington and Martenson on the collapse in oil prices
Over the weekend, US Senator Elizabeth Warren admonished President Obama for "catering to Wall Street and dismissing Main Street" following the 2008 recession. In an interview with Salon, Senator Warren argued the Obama Administration “…protected Wall Street. Not families who were losing their homes.” She’s certainly right on the housing front, considering 32% of working-age adults are living in doubled-up households. Erin weighs in.
Then, Erin sits down with Paul Craig Roberts – chairman of the Institute for Political Economy and former assistant secretary to the Treasury in the Reagan Administration – to talk about bank fraud and the revolving door between Washington and Wall Street.
After the break, Erin talks to Chris Martenson – co-founder of PeakProsperity.com – to discuss the recent drop in oil prices. Martenson believes oil is only temporarily headed lower because he says cheap oil is in short supply.
And in The Big Deal, Erin is joined by Edward Harrison to further the discussion on oil, specifically regarding what is causing prices to drop and what countries are most at risk.
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