Loud & Clear

On today's episode of Loud & Clear, Brian Becker and John Kiriakou are joined by Richard Wolff, a professor of Economics Emeritus, University of Massachusetts, Amherst and founder of the organization Democracy at Work, whose latest book is “Capitalism's Crisis Deepens: Essays on the Global Economic Meltdown.”Ten years ago today investment banking giant Lehman Brothers collapsed, turning a smoldering economic slowdown into the worst recession in modern American history. In 2008, Federal Reserve officials gave many reasons why they were unable to save Lehman Brothers—the bank’s collateral was inadequate, they lacked legal authority—but the result wiped out an institution with $619 billion in assets, the largest bankruptcy filing in U.S. history. Experts estimate the the collapse and its ripples cost the American taxpayer more than $1.4 trillion, a burden that was shouldered mostly by the poor and working classes. Have we learned anything in the past decade? Friday is Loud & Clear’s regular segment on th