First Republic Bank Rescue & Secret Collusion Between the Government and Wall Street's Biggest Banks

On today's episode Brian and Prof. Richard Wolff discuss the third bank failure in two months. First Republic collapsed Monday, a sure sign that the financial system is still in huge turmoil. Then JPMorgan Chase bought the bank's assets for a bargain. What does this say about the economic system and what does it mean for the rest of us? Professor Richard Wolff is an author & co-founder of the organization Democracy at Work. You can find his work at rdwolff.com. Please make an urgently-needed contribution to The Socialist Program by joining our Patreon community at patreon.com/thesocialistprogram. We rely on the generous support of our listeners to keep bringing you consistent, high-quality shows. All Patreon donors of $5 a month or more are invited to join the monthly Q&A seminar with Brian.