Chris Hayes on How the Powerful Rig the System

Amidst a series of recent scandals that have rocked the global banking system, journalist Chris Hayes discusses his new book, "Twilight of the Elites: America After Meritocracy."   The book examines how Wall Street and other major institutions, from Congress to the Catholic Church to Major League Baseball, have been crippled by corruption and incompetence.  Hayes is host of the MSNBC weekend show, "Up with Chris Hayes," and is editor-at-large of The Nation magazine.  "One of the most insidious aspects of the current distribution of resources in this country and the current inequality we have isn’t just that it’s bad for people on the bottom of the social pyramid but that it makes people at the top worse,"  Hayes says. "It conditions them to be incompetent and corrupt."
The Obama administration has defended its failure to prosecute any senior financial executives by saying their behavior wasn’t actually illegal. 
http://www.democracynow.org/2012/7/17/twilight_of_the_elites_chris_hayes

'Inside Job' Director Excoriates Wall Street

LOS ANGELES - "Inside Job," a film blaming financial institutions for triggering the worst financial crisis since the Great Depression, won the Academy Award for best documentary on Sunday.

The winners of the Best Documentary Feature 'Inside Job,' Charles Ferguson and Audrey Marrs address the audience the 83rd Annual Academy Awards at the Kodak Theatre on February 27, 2011 in Hollywood, California. AFP PHOTO / GABRIEL BOUYSDirector Charles Ferguson started off his acceptance speech lamenting that "not a single financial executive has gone to jail and that is wrong," drawing applause from the Hollywood celebrity audience.