Moyers & Company — Season 1, Episode 10: Gambling With Your Money

Episode synopsis

You’d think after such a calamitous economic fall, there’d be a strong consensus on reinforcing the protections that keep us out of harm’s way. But in some powerful corners, the opposite is happening. Business and political forces, including hordes of lobbyists, are working hard to diminish or destroy these protections. One of the biggest bull’s-eyes is on the Volcker Rule, a section of the Dodd-Frank Act that aims to keep the banks in which you deposit your money from gambling it on their own — sometimes risky — investments. On this week’s Moyers & Company, Bill talks with the namesake of the Volcker Rule — Paul Volcker, who served two terms as Chairman of the Board of Governors of the Federal Reserve System from 1979-1987 and formerly headed President Obama’s Economic Recovery Advisory Board. Volcker contends the rule aims to curb conflicts of interest between bankers and their customers.

More episodes from Season 1

• E1On Winner-Take-All Politics
• E2Crony Capitalism
• E3How Big Banks are Rewriting the Rules of Our Economy
• E4How Do Conservatives and Liberals See the World?
• E5Economic Malpractice and the Millennials
• E6Decoding the Campaigns
• E7Where Movies End and Politics Begins
• E8Moving Beyond War
• E9Standing Up For Democracy
• E11An Optimist for Our Times
• E12The Case for Old-School Faith & Politics
• E13Big Money, Big Media, Big Trouble