"Bill Moyers talks with economist Robert Johnson, who decodes this week's news on the bank bailout, with a hard look at the international ramifications of the plan and a discussion of why nationalization has become a flash point."
"Robert Johnson, former managing director of Soros Fund Management and an expert in emerging markets, believes the government's approach ... wastes taxpayer money and won't solve the financial crisis. The government's approach, Johnson argues, is too cautious. Recent developments in Central Europe only reinforce that the world faces a possible economic collapse, Johnson told Bill Moyers on the JOURNAL, in which 'the architecture of the integrated world would be shattered.'"
"Johnson calls for more drastic intervention, but thinks nationalization is the wrong word, 'People talk about nationalization. I just call it restructuring. Restructuring is a part of capitalism. That's how the airlines get restructured when they go through bankruptcy. Or you might have to deal with the auto industry, how you deal with venture capital projects. Do the same thing with the banks.'" Robert Johnson, former managing director of Soros Fund Management and Former Chief Economist of the Senate Banking Committee
"In this struggling economy, boomers are rightfully worried about the funds they were counting on to carry them through the rest of their lives. Will they be able to afford their own retirement?
"NOW turns to two experts for help and insight: Amy Domini, a pioneer in the field of socially responsible investing; and journalist Daniel Gross, who covers the economy for Slate and Newsweek." "Retirement at Risk" - Amy Domini of Domini Social Investments and Daniel Gross of Newsweek On PBS' Now
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