This week on NOW:
Did your stockbroker lie to you? NOW investigates the insider story of how investors got duped and defrauded and why it may happen again. Wall Street got a slap on the wrist this week, when the Securities and Exchange Commission and the New York Attorney General Eliot Spitzer announced a $1.4 billion dollar settlement with ten major Wall Street investment banks. The Attorney General billed it as fodder for future lawsuits by investors, and investment banks heralded it as a sign that corporate misbehavior could be put behind them. NOW examines the settlement, revealing the emails and documents never meant to be seen by your eyes, and investigates how investors got duped and defrauded by those at the top.
Bill Moyers interviews David Grossman, whose ground-breaking books THE YELLOW WIND and SLEEPING ON A WIRE chronicled the Israeli-Palestinian conflict with a poignant understanding of both sides, entering the Palestinian and Israeli hearts like no other writer of his time. His latest work, DEATH AS A WAY OF LIFE: ISRAEL TEN YEARS AFTER OSLO, is a compilation of ten years of passionate essays in which Grossman addresses the question of whether there will ever be peace in the Middle East as a journalist, a father, and a peace activist discouraged and disheartened by the present-day spiral of violence and death.
Bill Moyers interviews FCC Commissioner Michael Copps, a vocal opponent of further efforts at media de-regulation. Copps has made a name for himself traveling around the country holding unofficial hearings prior to the Federal Communications Commissionís scheduled June 2 vote, which could eliminate the ban on media cross-ownership and ease other ownership regulations.
This week, eighteen years after 329 people on board an Air India died in the worst bomb attack ever on a commercial airliner, the trial of two men accused in the bombing finally began. Bill Moyers talks to acclaimed author Bharati Mukherjee about her investigation into the 1985 Air India tragedy as well as her fiction, terrorism, and fundamentalism.
A Bill Moyers Journal.