Will Obama Regulate Wall Street, and The Fate Of GM Workers
40 years after Stonewall, a defining moment in the struggle for gay rights and social justice, discrimination against LGBT people is still common throughout the world. The Obama administration’s Justice Department has upheld the Defense of Marriage Act passed in 1996 that defines marriage as a legal union between one man and one woman. Sangeeta Budhiraja, Program Officer of Building Movements at the Ms. Foundation for Women, Writer and activist Kenyon Farrow, and Mab Segrest, Professor of Gender and Women’s Studies at Connecticut College on the historical roots of discrimination against the LGBT community and the struggle for equal rights.
Then, Obama’s regulation policy is being carefully scrutinized. Will he subject banks, rating agencies, and financial institutions to the kind of regulation that many think necessary to prevent another financial train wreck? William Black, Professor of Economics and Law at the University of Missouri-Kansas City and a former senior bank regulator, Nomi Prins, Senior Fellow at Demos and author of It Takes a Pillage: Behind the Bailouts, Bonuses, and Backroom Deals from Washington to Wall Street, and Les Leopold, Huffington Post Contributor and the author of The Looting of America: How Wall Street's Game of Fantasy Finance Destroyed Our Jobs, Pensions, and Prosperity—and What We Can Do About It on the President’s regulatory policies. Also, Elizabeth Warren, a pofessor of Law at Harvard, on comments on Obama’s new regulatory plan.
Finally, the American News Project reports on fallout from the GM bankruptcy. 20,000 of the 123,000 GM workers left in North America are set to lose their jobs as the auto task force, led by Wall Street financiers, aims to restore profits and boost stock prices.
Thanks to After Stonewall for video in tonight’s show.
