Live-blogging OWS daily since October 1. Email: email@example.com. All times ET. See my e-book on Occupy "40 Days That Shook the World." My OWS-relevant "Journeys With Beethoven" just published in print and as e-book, my other books here….
11:55 Cool video for Occupy action in Boston on Wednesday re: public transportation.
5:35 Arrests underway in police raid on the OWS building takeover (as "SF Commune"). Two buses there to take folks away. Police with assault rifle on roof. @JoshuaHolland tweeting it all. Live stream:
2:00 Just got email from PBS Frontline along with this video, and opens: The nation’s largest banks are "a perversion of capitalism" and "a clear and present danger to the U.S. economy." The Dodd-Frank financial reform legislation passed in the wake of the crisis "may actually perpetuate an already dangerous trend of increasing banking industry concentration."
These arguments come not from an Occupy Wall Street activist, not from a Tea Party member, but from a scathing report released last week by one of the nation’s top banking regulators, the Federal Reserve Board of Dallas. In a column for ProPublica and The New York Times, reporter Jesse Eisenger described the report as "a radical indictment of the nation’s financial system."
FRONTLINE sat down on Saturday with the Dallas Fed CEO and president, former banker Richard W. Fisher, to talk about the report and its core argument about "too big to fail" institutions. According to their calculation, five banks hold 52 percent of all U.S. deposits, which means the "too big to fail" problem is with us now more than ever. FRONTLINE producer Michael Kirk ("Inside the Meltdown," "The Warning") interviewed Fisher for our upcoming series "Money, Power and Wall Street," airing April 24 and May 1 on PBS (check local listings).