Beneath the Surface Monday July 21 08
Suzi Weissman Beneath the Surface, Mondays 5-6

Fannie Mae and Freddie Mac are too big to fail while ordinary people are too small to bail, says a Wall St. Exec. He’s right, but there is more to it. The Fed has rushed to the rescue of Fannie and Freddy, and Congress continues to debate helping homeowners in trouble. Nomi Prins says the rescue operations aren't getting to the root of the problem.

Meanwhile workers are fighting the attacks on their living standards and working conditions -- and protesting worldwide to take back the economy, and fight the war on greed. The SEIU organized a global day of protest with 23 unions in 25 countries to take back the economy from buyout firms who exploit tax loopholes to amass great wealth at others' expense, while here in Southern California United Health Workers have organized a "Workers Justice week at St. Joseph's Health System, and striking Puerto Rican teachers come to LA to talk about what it will take to win quality education for all students as well as build a truly progressive labor movement. We'll talk to SEIU, UHW healthcare organizers and the Puerto Rican teachers.

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