getting bailed out? there was almost two ces of obama. publicly he wanted to tell you that these were the fat cat bankers. privately he wanted to get them onboard. a global crisis. the bankers were fanning out across europe. investment banks such as goldman sachs were eager to lend to risky places such as greece. even convents are being sold derivatives. and a culture of greed. it s actually known as casino banking. one loophole after another. they came down here like sharks to raw meat in the water. have i got a deal for you. money, power and wall street part two, tonight on frontline. frontline is made possible by contributions to your pbs station from viewers like you. thank you. and by the corporation for public broadcasting. major funding is provided by the john d. and catherine t. macarthur foundation, committed to building a more just, verdant, and peaceful world. and by reva and david logan, committed to investigative journalism as the guardi
getting bailed out? there was almost two ces of obama. publicly he wanted to tell you that these were the fat cat bankers. privately he wanted to get them onboard. a global crisis. the bankers were fanning out across europe. investment banks such as goldman sachs were eager to lend to risky places such as greece. even convents are being sold derivatives. and a culture of greed. it s actually known as casino banking. one loophole after another. they came down here like sharks to raw meat in the water. have i got a deal for you. money, power and wall street part two, tonight on frontline. frontline is made possible by contributions to your pbs station from viewers like you. thank you. and by the corporation for public broadcasting. major funding is provided by the john d. and catherine t. macarthur foundation, committed to building a more just, verdant, and peaceful world. and by reva and david logan, committed to investigative journalism as the guardi
good evening. i m diane dwyer. the three uc berkeley graduates accused of spying in iran face their first day of trial today. they all pleaded not guilty to the charges. but getting any additional information out of iran is proving to be difficult. mare r marianne favro joins us with more. this took place in iran s revolutionary court. sarah shourd, who was released earlier on $500,000 bail, was not there. her two friends, josh fattal and shane bauer, were at the court today. no members of the media were allowed in. in fact, there was a blanket ban on any observers going into the courts, including the swiss ambassador who represents u.s. interests in iran. she told nbc news she was very frustrated she couldn t get any information or find out what was happening touring the proceedings. the lawyer for josh and shane said if they were going to be released on bail that probably would have happened today. and it didn t. so the court case is moving forward. but just to give you a
street, who stand on the side of insurance companies who don t want legislation so women get equal pay, who don t want to regulate the financial companies. there are two other words i would adds. i think president obama could speak to millions of americans. elizabeth warren should hedge this consumer protection financial agency that is at the heart at the best of comprehensive but flawed financial regulation. and this is going to be a base fight. because if geithner, who is secretary of the treasury, overtakes, says elizabeth warren, no, there s going to be a fight inside this administration, and elizabeth warren stands on the side of families. but there s talk of people like william donaldson, who is former head of the sec. if it s someone not bear or warren, i agree there s going to be a fight on capitol hill from progressives. and there will also be a fight from conservatives, but that s a
i think president obama could speak to millions of americans elizabeth warren. elizabeth warren should head the consumer financial protection agency at the heart of the best of a comprehensive but flawed financial legislation. it s not clear she s going to be be. and this is going to be a base fight because of geithner who s secretary of the treasury overtakes the says elizabeth warren, no, you re not, there s going to be a fight inside this administration. elizabeth warren enis someone who stands on the side of families, not bankers. there s talk of people like william donaldson, a former head of the s.e.c. if it s somebody who is not behr or warren, i agree there s going to be a fight on capitol hill from progressives and if they do nominate warren, there will also be a fight from conservatives. that s a fight the white house should welcome. exactly. i want to ask you this bigger picture question about president obama. katrina, do you believe the president is a progressive