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Community Currency - 07/01/10
June 28, 2010 Plunder with Danny Schechter, author of the book- Plunder- The Crime of Our Time and the documentary Plunder. The film and book looks at the largest financial heist in history. Danny Schechter, director of In Debt We Trust, the film that warned of the collapse. Schecter has probed deeply into the complex web of fraud and crime that he shows played a major, if largely unreported, role in bringing the economy down. He is calling for "jail-outs" not "bail-outs." His four-year investigation focuses on three interconnected cesspools of corruption: what the FBI calls an “epidemic of mortgage fraud,” predatory and deceptive securitization by Wall Street, and insurance, involving credit default swaps and irresponsible leveraging and market manipulations. Enabling this crime wave were regulators who didn’t regulate, ratings agencies and accounting firms that did not do their jobs, and a media that largely looked the other way. In this conversation we look at the larger global situation, the power of multinational corporations over government officials throughout the world, as well as the media and at organizing people to stand up to the forces that are threatening them and all of us.
Danny Schechter, hosts The News Dissector on Progressive Radio Network.He also founded MediaChannel and has been a broadcast and print journalist, and is an internationally recognized speaker and writer on media issues. His work has been honored with Emmy awards, the IRIS award, the George Polk Award, the Major Armstrong Award, and honors from the National Association of Black Journalists. Mr. Schechter was the news director and principal newscaster for WBCN-FM, an on-air reporter for WGBH, and a news program producer and investigative reporter at CNN and ABC. He is the author of several books, including " Embedded: Weapons of Mass Deception" (Prometheus) which was the inspiration for the documentary: WMD- Weapons of Mass Deception.
Danny has a B.A. in Labor History, Cornell University, 1964; MA in Political Sociology London School of Economics, l968, Harvard University Nieman Fellowship in Journalism, 1978; Honorary Ph.D. Fitchberg College, l991
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