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GRITtv: Zach Carter: Loopholes in Financial Regulation Bill

The financial reform bill made it through the first Republican filibuster last week and is being debated and amended now on the Senate floor. Regulating Wall Street isn't easy, though, and economics journalist Zach Carter has noted that the proposed reforms are "pretty flimsy"--he uncovered a loophole that allows banks to continue to make illegal trades without punishment! Zach joins us via Skype from Virginia to discuss the financial reform bill and to explain in plain language just why derivatives continue to be so scary. GRITtv with Laura Flanders brings participatory democracy onto your computer screen and into your living room, bridging the gap between audience and advocates. Watch any show, at any time: http://grittv.org Distributed by Tubemogul.

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GRITtv: Whose News Is It, Anyway?

Discussions on the future of journalism are happening so often now that they're almost trite. But Robert McChesney, John Nichols, Tracy Van Slyke and Kate Giammarise are not only interested in saving journalism; they're interested in having all of us have a say. Nichols and McChesney have a new book out, The Death and Life of American Journalism: The Media Revolution that Will Begin the World Again that documents the decline of the commercial press and makes the case for publicly-funded media, and Van Slyke has a book out as well, co-authored with Jessica Clark, Beyond the Echo Chamber: How a Networked Progressive Media Can Reshape American Politics, documenting the rise of a new media culture. Giammarise is featured in Nichols and McChesney's book and since being laid off from the Toledo Blade has founded Rustwire.com.

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