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This week, green business guru Joel Makower encourages us to envision success in creating a clean, sustainable economy that averts climate catastrophe and improves our environment, communities, and lives. And shareholder activist John Harrington urges banks bailed out with Troubled Asset Relief Program funding to make sure they stabilize US economic security.
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Late last year, Harrington Investments President John Harrington filed shareholder resolutions at banks that received billions of taxpayer dollars under the Trouble Asset Relief Program. Congress bailed out the banks because they are essential to the stability of our economy, so the resolutions ask for board committees to oversee US Economic Security. Ironically, Citigroup and Bank of America have petitioned the SEC for permission to ignore the resolutions.Read the show transcript
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On this, the last-ever episode of Corporate Watchdog Radio, we take a stroll down memory lane to revisit the best moments in CWR’s history. The exchanges that had us on the edge of our seats, straining into our headphones to hear every syllable. We hear from a crotchety Barney Frank, a reflective Frances Moore Lappe, a tentative but ultimately optimistic Bill McKibben, a hopeful George Monbiot, and an eloquent Paul Hawken. Starting in 2009, CWR is changing its name to Sea Change Radio to cover the shift to social, environmental, and economic sustainability.
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The market meltdown is spurring an urgent response from Congress, with both houses debating and revising versions of the Troubled Asset Relief Program (TARP) bill on an hourly basis. The bill revises the President’s proposed bailout of financial institutions, which some call “Cash for Trash.” CWR co-hosts Francesca Rheannon and Bill Baue interview US Representative (D-MA) Barney Frank, chair of the House Financial Services Committee that is now ushering the Troubled Asset Relief Program bill, or TARP, through Congress. While many question whether this bailout is the best path out of the market meltdown, others are proposing a road to recovery paved in green. Bob Pollin of the Political Economy Research Institute co-authored a report on the Green Recovery that was released last week with the Center for American Progress. Francesca and Bill interviewed him here at the University of Massachusetts in Amherst the day after he testified before the House Select Committee on Energy Independence and Global Warming at a hearing entitled “The Green Road to Economic Recovery.”
Troubled Asset Relief Program (TARP) bill as of 1:09 p.m. on September 22, 2008
Listen to the full 25-minute interview with Bob Pollin
CWR ViewPoint: read
Commentary from futurist Hazel Henderson of Ethical Markets on the market meltdown called Chicago Boys’ Curse Comes Home to Wall Street.
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In this special preview edition of this week’s show, CWR co-hosts Francesca Rheannon and Bill Baue interview US Representative (D-MA) Barney Frank, chair of the House Financial Services Committee that is now ushering the Troubled Asset Relief Program bill, or TARP, through Congress. The bill revises the President’s proposed bailout of financial institutions to the tune of $1 trillion, which has been labeled “Cash for Trash.” The bill is changing practically by the hour, and we caught Rep Frank today as the bill makes its way toward debate in Congress.
Troubled Asset Relief Program (TARP) bill as of 1:09 p.m. on September 22, 2008
Check back and tune in Wednesday for the full show, which will include this interview, as well as a conversation with Bob Pollin of the Political Economy Research Institute at the University of Massachusetts in Amherst in his new Green Recovery report, and the CWR ViewPoint from futurist Hazel Henderson of Ethical Markets on the market meltdown.