I’ve been violating the Gore Vidal rule of media (“never turn down the opportunity to have sex or be on TV”) but in Vidal’s day, TV was broadcast, with mass audiences and major impact. Trust me, if you blink, you’ll miss the bit where I make a couple of observations in this new RT show.
I’m not sure how I feel about this program. The striving-for-sensationalism posture undercuts the credibility they should garner via featuring high caliber guests. Things are so bad, I’m not sure tarting it up helps, at least with an American audience. And when they interviewed me, they were pushing for me to say US deposits are at risk, and they appear not to have been happy with my stressing that uninsured deposits were and are at risk, and are even more so by virtue of the 2005 bankruptcy law changes, which make derivatives counterparties senior to depositors by making them secured creditors. Plus the lighting sucked. But some of the other interviewees, such as Bill Black and Dean Baker) did make interesting observations, so I anticipate most reader will enjoy this segment