Can the financial crisis of 2008 happen again? In this edition of Moyers & Company, David Stockman (The Triumph of Crony Capitalism) and Gretchen Morgenson (Reckless Endangerment) tell Moyers why they believe the U.S. economy is at risk, largely due to the cozy relationship between big business and the government. As one example of crony capitalism, Stockman points to Obama’s choice of General Electric CEO Jeffrey Immelt to head up the new Council on Jobs and Competitiveness. In a separate segment, Pulitzer Prize–winning New York Times columnist Morgenson explains how money and political clout enable industries to escape regulation and enrich executives at the top. Broadcast dates: January 20, 2012, and March 9, 2012. (57 minutes)
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