Bill Moyers Interviews John Reed & Byron Dorgan on Big Banks & Government | Davos Misses Its Own Gender Quota

Toni Garrn | Camilla Akrans | Numero #130 February 2012 | ‘Splash’ AOC Private Studio

Daily French Roast

Anne is reading …

Male-dominated: a meeting at this week’s World Economic Forum. Photograph: Jean-Christophe BottIt’s unsettling to think that in the midst of all the world’s problems, and with women like Angela Merkel, Hillary Clinton and Christine Lagarde demonstrating women’s wisdom in a global crisis that the boys club called Davos can’t fill their own quota system of qualified females to participate in the meeting their own quota system. No wonder the FEMEN women staged a bare breasted protest.

Jane Martinson writes for The Guardian from Davos, for the purpose of seeing if anything has changed since her last visit five years ago. Just 17% of the delegates from the world’s business and political elites are women. Bravo, it’s the highest yet in 40 years, up a whopping 1% from 2011 and just 9% in 2002.

Fine — we all agree that economic issues should dominate the Davos agenda. Is there any point at men will get the notion in their brains that the global empowerment of women is key to solving the world’s economic challenges.

Moyers & Company


Watching How Big Banks are Rewriting the Rules of Our Economy, a conversation with former Citigroup Chairman John Reed and former Senator Byron Dorgan is a real eye-opener. Bill Moyers is back at PBS with a thought-provoking show on the late-90’s merger of Citicorp and Travelers Group and a friendly political and Presidential pen from Clinton that grought down the Glass-Steagall Act.

 … when the meltdown hit, the bank cut more than 50,000 jobs, and the taxpayers shelled out more than $45 billion to save it.
Senator Dorgan tells Moyers, “If you were to rank big mistakes in the history of this country, that was one of the bigger ones because it has set back this country in a very significant way.”

Now, John Reed regrets his role in the affair, and says lifting the Glass-Steagall protections was a mistake.

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