Jaisal Noor — Greg Palast: Potential Fed Chair Summers at Heart of Global Economic Crisis

Investigative journalist Greg Palast has obtained a secret memo authored by then deputy Treasury secretary Larry Summers and his protégé Timothy Geithner detailing their plans to roll back financial regulation. In the piece, titled "The Confidential Memo at the Heart of the Global Financial Crisis" for Vice, Palast writes:

"The Memo confirmed every conspiracy freak's fantasy: that in the late 1990s, the top U.S. Treasury officials secretly conspired with a small cabal of banker big-shots to rip apart financial regulation across the planet. When you see 26.3 percent unemployment in Spain, desperation and hunger in Greece, riots in Indonesia and Detroit in bankruptcy, go back to this End Game memo, the genesis of the blood and tears."

Now joining us to discuss this article is Greg Palast. He's a BBC investigative reporter and author ofVultures' Picnic. Palast turned his skills to journalism after two decades as a top investigator of corporate fraud. Palast directed the U.S. government's largest racketeering case in history, winning a $4.3 billion jury award. He also conducted the investigation of fraud charges in the Exxon Valdez grounding.

Thank you so much for joining us, Greg.

Truthout
Greg Palast: Potential Fed Chair Summers at Heart of Global Economic Crisis
Interview with Jaisal Noor, The Real News Network