Investigating the Subprime Scandal

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Plunder (book cover)
Investigative reporter Danny Schechter has never been quiet about the slick ways of Wall Street and American finance. He won Emmys and was out front on the 1980s S&L crisis.

Now, he's on fire with the story of American and global financial market meltdown and the machinations that preceded it. The “largest robbery in American history,” he calls it. “Not a bank heist, but a heist by banks.”

Or, as the title of his new book has it, “Plunder.”

And he raises this question: “Where are the prosecutors?”

This hour, On Point: The charge is robbery, on the grandest of scales. Danny Schechter and “Plunder.”

You can join the conversation. Do you see a rip-off here? Do you see a crime? Are we all complicit? Or should key players go to jail? Share your thoughts.Guests:

Danny Schechter, author of "Plunder: Investigating Our Economic Calamity and the Subprime Scandal." A television producer, independent filmmaker, blogger, and media critic, he directed the 2007 documentary "In Debt We Trust: America Before the Bubble Bursts," and was a winner of two Emmy Awards for his work as a producer on ABC's 20/20. He is executive editor and blogger-in-chief at Media Channel.

Russ Roberts, professor of economics at George Mason University and a research fellow at Stanford University’s Hoover Institution. He's the author of "The Price of Everything: A Parable of Possibility and Prosperity" (2008) and "The Choice: A Fable of Free Trade and Protectionism" (2006). He hosts the weekly podcast series EconTalk.

This program aired on October 7, 2008.


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