January 10, 2012
Greek negotiations do not look like business as usual anymore. Greek police unions have called for the arrest of IMF and EU officials. One of the Greek coalition leaders said on television he was given an incomplete translation of the Troika agreement to look over before signing away his country. He has refused to sign onto it. Are we seeing in real time what happens under a modern financial occupation? And what lessons should the US and every indebted nation be learning? We speak to Lew Rockwell, chairman of the Ludwig von Mises Institute. Capital Account's producer Demetri Kofinas also gives us his insight into what's behind the headlines, as he watches this unfold in the Greek press and with contacts in Greece. Meanwhile, In the US we examine the deficit of trust. The House passes legislation to ban insider trading by Congress - it's called the STOCK Act. This just as the Spencer Bachus, chairman of the House financial services committee, whose worked on efforts to tighten these rules on Capitol Hill in the past, is under investigation for...insider trading. Bloomberg reports the Federal Reserve secretly selected a handful of banks to bid for debt securities bought by taxpayers in the AIG bailout. And federal regulators approved the first new nuclear plants in the US in 30 years, since the partial meltdown at Three Mile Island. This is also of course less than a year after the meltdowns at Tokyo Electric's Fukushima plant. Is nuclear energy a solution for US energy outlook? Or is the deficit of trust towards government, business, and regulators what could make the risks too high? We speak to Lew Rockwell of the Ludwig von Mises Institute about all of this.
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