When the big banks in America began collapsing under the weight of their own greed in 2008, then-Treasury Secretary Henry Paulson assured us that he would make sure this never happened again. But behind closed doors, he was working with the CEOs of these banks to come up with rules that would prevent the government from stepping too far into the business operations of these banks, making it less likely that meaningful reform would take place. And this was his plan all along. Mike Papantonio talks about why Hank Paulson is so beholden to these big banks with David DeGraw, founder of the Amped Status blog.
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