Previously published on BillMoyers.com
It's the largest corporate fine in American history -- $13 billion. That's the amount JPMorgan Chase will reportedly pay to settle civil charges around its alleged manipulation of mortgage securities -- a series of shady business deals that five years ago crippled homeowners and helped trigger the meltdown that threatened the world's economy. And that's just the tip of a REALLY big iceberg. What does the settlement tell us about the corruption of American capitalism?
This week on Moyers & Company we pose that question to Pulitzer Prize-winning journalist Gretchen Morgenson, a columnist for The New York Times. We also speak to historian and author Peter Dreier who sees the current political crisis as fraught with possibility for progressives in America -- and shares the reasons he continues to be optimistic, including dynamic grass-roots initiatives around the country and, believe it or not, the radical politics of Dr. Seuss.
Moyers & Company airs weekly on public television. Explore more at BillMoyers.com.