Oakland Clears Out the Occupiers
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In past weeks, there's been violence — and even a shooting death — but today police cleared out Oakland protesters in a peaceful action with only a few arrests for civil disobedience. The police work may cost more than $500,000. We get an update and hear what's happening to Occupy LA. Also, this year's NBA season may never happen, and we talk with Sheriff Lee Baca about running out of space at LA County jails. On today's To the Point, when their companies are accused of fraud, are Wall Street executives getting off easy?
Banner image: Police form a line between protestors and Frank H. Ogawa Plaza during the eviction of the Occupy Oakland camp on November 14, 2011, in Oakland, California. Photo by Mathew Sumner/Getty Images
Making News
NBA Players Reject League's Offer ()
A court may have to determine weather the National Basketball League will have a season. This afternoon, the players' association turned down the NBA's last and best offer and then disbanded so the players can sue the owners under anti-trust laws. Sports writer Mike Bresnahan covers the Lakers for the Los Angeles Times.
Guests:
- Mike Bresnahan: Los Angeles Times, @Mike_Bresnahan
Main Topic
'Occupy Oakland' Is Over, at Least for Now ()
Police in riot gear from Oakland and seven neighboring cities lined up to evict protesters occupying the City's Frank H. Ogawa Plaza at 5am this morning. Two hours later, there was nobody there. So what's happening at outside City Hall?
Guests:
- Scott Johnson: Oakland Tribune
- Ian Thompson: ANSWER Coalition
Links:
Reporter's Notebook
Realignment Filling LA County Jails ()
The US Supreme Court has ordered that California state prisons be relieved of over-crowding, and the state is implementing "realignment," which means turning inmates over to counties. Sheriff Lee Baca joins us to speak about the realigment, as well as this weekend's report that he has used jail duty as a way to punish deputies accused of wrongdoing.
Guests:
- Lee Baca: Sheriff of Los Angeles County
Links:
Main Topic
Are Wall Street Execs Getting Off Easy for Committing Fraud? ()
Federal Judge Jed Rakoff is still considering Citigroup's latest settlement of fraud charges brought by the Securities and Exchange Commission. It follows a familiar pattern — for Goldman Sachs, Morgan Stanley, JP Morgan Chase, Bank of America —and for Citigroup itself. But for corporate executives there's no shame and no pain. We hear how the latest case against Citigroup fits into a troubling pattern.
Guests:
- Edward Wyatt: New York Times
- Arthur Levitt: Goldman Sachs
- Robert Scheer: Co-host, 'Left, Right & Center', @Robert_Scheer
- Mark Calabria: Cato Institute
Links:
- Levitt's Newsweek interview with Michael Hirsh
- SEC Inspector General's report on Stanford's alleged Ponzi scheme
- Gillian Tett's 'Fool's Gold: How the Bold Dream of a Small Tribe at J.P. Morgan Was Corrupted by Wall Street Greed and Unleashed a Catastrophe'
- PBS on the demise of the Glass-Steagall Act
- Wyatt on promises made, remade in SEC fraud cases
- Levitt's 'Take on the Street: What Wall Street and Corporate America Don't Want You to Know and What You Can Do to Fight Back'
- Scheer on Robert Rubin, Citigroup settlement
- Scheer's 'The Great American Stickup: How Reagan Republicans and Clinton Democrats Enriched Wall Street While Mugging Main Street'
Underwriters
Which Way L.A.? is made possible in part by the Ralph M. Parsons Foundation, the Rosalinde and Arthur Gilbert Foundation, the Nathan Cummings Foundation, and the John Randolph Haynes and Dora Haynes Foundation, which supports study and research into policy issues of the Los Angeles region.
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