Michael Moore: America’s Teacher

On September 17, in the midst of the publicity blitz for his cinematic takedown of the capitalist order, Moore talked with Nation columnist Naomi Klein by phone about the film, the roots of our economic crisis and the promise and peril of the present political moment.

Naomi Klein: So, the film is wonderful. Congratulations. It is, as many people have already heard, an unapologetic call for a revolt against capitalist madness. But the week it premiered, a very different kind of revolt was in the news: the so-called tea parties, seemingly a passionate defense of capitalism and against social programs.

Meanwhile, we are not seeing too many signs of the hordes storming Wall Street. Personally, I’m hoping that your film is going to be the wake-up call and the catalyst for all of that changing. But I’m just wondering how you’re coping with this odd turn of events, these revolts for capitalism led by Glenn Beck. Read the Michael Moore interview

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License to Steal

Some will rob you with a six-gun, and some with a fountain pen.” That image from “The Ballad of Pretty Boy Floyd” is out of date these days, since bankers and other thieves who foreclosed on the bereaved widow’s home in Woody Guthrie’s old folk song don’t use fountain pens anymore. Instead, they rely on computerized transactions, online solicitations, international money swaps and all sorts of other secret shenanigans that leave the robbed consumers blindly unaware of who actually assaulted them.

First, a bank hustles them into deceptively low-cost introductory loans, which are then sold in a Ponzi scheme of speculation. When the homeowner’s interest rate inevitably balloons, it’s some other bank the consumer never heard of that lowers the foreclosure ax. Read more about Ponzi schemes

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‘Capitalism’ as Comedy and Tragedy Now Playing in NY and L.A

The time has arrived for, as Time magazine called it, my “magnum opus.” I only had a year of Latin when I was in high school, so I’m not quite sure what that means, but I think it’s good.

I’ve spent nearly two years on this new movie, “Capitalism: A Love Story,” and have poured my heart and soul into this project. Many early critics and viewers have called it my “best film yet.” That’s a hard call for me to make as I’m proud of all of my films — but I will tell you this: What you are about to see in “Capitalism” is going to stun you. It’s going to make some of you angry and I believe it’s going to give most of you a new sense of hope that we are going to turn the sick and twisted mess made by the last president around. Oh, and you’re going to have a good laugh at the expense of all the banking and corporate criminals who’ve made out like bandits in the past year. Read more about Capitalism: A Love Story

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The Real Reasons Behind Fed Secrecy

Last week I was very pleased that the Financial Services Committee held a hearing on the Federal Reserve Transparency Act, HR 1207.  The bill has 295 cosponsors and there is also strong support for the companion bill in the Senate.  This hearing was a major step forward in getting the bill passed.

I was pleased that the hearing was well-attended, especially considering that it was held on a Friday at nine o’clock in the morning!  I have been talking about the immense, unchecked power of the Federal Reserve for many years, while the attention of Congress was always on other things.  It was gratifying to see my colleagues asking probing questions and demonstrating genuine concern about this important issue as well. Read more about the Federal Reserve Transparency Act

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