This week on CounterSpin: The story of Iran's nuclear program certainly isn't going away; glance at the newsstands this week and you might see the Newsweek cover story 'After Iran Gets the Bomb.' And a leaked report suggesting Iran is indeed pursuing nuclear weapons made its way to the front page of the New York Times. What should we make of that story, and the general media consensus on the Iranian threat? Analyst and Iranaffairs.com blogger Cyrus Safdari will join us to share his thoughts.
Also on the show: The implication from many corners of corporate media is that the government's bank bailout scheme for all its flaws has pretty much worked; we've avoided a great depression and are backing away from the abyss. It's a fair bet that most regular folks on the other hand don't really know what just happened, and the more they do know, the angrier they are. Nomi Prins calls it a 'toxic combination of rage and confusion' that makes it hard for us to know what to do to prevent it all from happening again. Nomi Prins is the author of It Takes A Pillage: Behind the Bailouts, Bonuses and Backroom Deals From Washington to Wall Street and a former managing director for Goldman Sachs. We'll get an update on the heroic efforts to subsidize the country's financial sector from her.