Season 2 of The Heist explores the racial wealth gap in America, how banks have contributed to this disparity, and one woman’s quest to narrow it in her hometown. From the Center for Public Integrity and Transmitter Media, the second season of The Heist kicks off Feb. 22, 2022. Text GAP with each episode to get photos video, stories and more right your phone. Our award-winning first season of The Heist explored the story of a huge political swindle, how it happened, and how power worked in a Donald Trump presidency. Reporters spent months behind the scenes: we get to know a big Republican donor, a senator who caves to political pressure, and the enigmatic Secretary of the Treasury, Steven Mnuchin, who led the charge for these laws.
When the initial debt relief program for Black farmers was passed in 2021 it was a false start. It was challenged in court and stalled. But, in 2022, a new debt relief program, not based on race, was passed to replace it. How will the new program work? How would it affect Black farmers and ranchers, including Nate? And what kind of future do Nate and his family imagine? An expert gives context to why Black farmers need debt relief; and Nate's sons talk about what it means to carry on the Bradford legacy. We'll likely circle back to Nate at the end.
Pigford v. Glickman (1999) was a class action lawsuit accusing the USDA of long-running racial discrimination against Black farmers in regard to the types of loans and assistance they received (if they received anything at all). This episode will cover that crucial case—a case that led April to pursue this story overall—showing its complications and the ways it drags on today.
So far, we've been following Nate's journey to becoming a full-time rancher…but Nate isn't just concerned about his achievements, he also wants Boley to thrive. That mindset is essential because Boley and the ranches that surround it are interdependent. With that in mind, we'll look at the history of Boley' (and what it was like when it was flourishing) and how some of the same forces that have made it hard for Nate to do well as a rancher have affected the town itself.
Nate says his relationship with the USDA was rocky from the start and he went in knowing he was “dancing with the devil” because of his father's experiences with the agency. In this episode, we'll go through Nate's experiences with the agency and why he thinks ultimately he was just being pushed out of the system. We'll also explore the systemic nature of the USDA's discrimination against Black farmers, and Public Integrity's efforts to get the agency's loan data.
Surviving as a rancher is hard for lots of reasons: land has gotten more expensive, corporate farms have gotten more powerful and put pressure on small ranches to expand their operations to stay in business, inflation has driven up the prices of feed and supplies… But for Nate, and for Black ranchers and farmers across the country, ranching is also hard because the USDA, the government agency that they're supposed to be able to turn to for support, instead makes it hard for them to get that support.
Nate Bradford, Jr. and other Black farmers and ranchers are fighting to preserve a type of rural, Black agricultural life. But the past keeps blocking their future. From The Center for Public Integrity and Pushkin Industries, follow Bradford's fight to survive against the long, documented history of government discrimination against Black farmers.
ReShonda finds a potential home for her bank and a kindred spirit. And she faces new challenges.
How did the wealth gap become so huge? And what will it take to really fix it? As ReShonda digs into an aspect of the country's discriminatory history that intersects with her life in a deeply personal way, a key wealth-gap researcher tackles those questions.
It's a lot harder to find investors for a new bank than people willing to open accounts there. ReShonda discovers a group that might be interested in helping fund her Bank of Jabez.
ReShonda builds a popcorn business with a too-small loan, learning something that leaves her reeling. She joins a lawsuit that will have national ripple effects.
ReShonda Young got an up-close look at the wealth gap while working at a small investment firm, just outside her hometown of Waterloo, where she was the first point of contact for clients. She helped clients get ready to talk to an advisor about their investment portfolio and retirement planning. Within the first month, she noticed something about the clients she was meeting: almost all of them were white. These clients had generational wealth that made ReShonda realize that Black families had deeply unequal access to capital. It left ReShonda thinking, “how do Black families catch up?” She started teaching her community how to manage finances but she wanted to do more. ReShonda landed on starting her own bank. Text GAP to 737-727-4321 and dig into this episode with photos, video, graphics and more right to your phone.
Season 2 of our award-winning podcast The Heist is the story of an enduring American injustice and one woman's effort to address it in her hometown.
Our final episode of the season. The coronavirus has hit, and America is experiencing its worst economic crisis since the Great Depression. Congress and the Trump administration rush to roll out the Paycheck Protection Program. The PPP was supposed to help small businesses and their workers. But with the system rigged to favor the rich, things quickly go wrong.
What did companies do with their huge tax break? The Trump administration made grand promises about the 2017 tax law — that corporations would invest the windfall in their workers, boosting the entire economy. So, are we better off? We look at the case of American Airlines, which is now furloughing thousands of workers in the middle of the pandemic.
Republicans say they hate debt. So why did they push for a tax bill that would add almost two trillion dollars to the country's tab? Only one Republican senator broke ranks - until he didn't. This episode tells the story of the flip-flops, backroom deals and magical thinking that led to the 2017 Tax Cuts and Jobs Act.
Who is Steven Mnuchin? He somehow manages to fly under the radar, but as Treasury Secretary he has tremendous power. How did a man with no record of public service and the nickname “the “Foreclosure King” become the guy in charge of America's money? The answer? This is how power works in Trump's America.
In 2017, rich Republican donors demanded a legislative victory, and this is how they got it. We meet one big donor from Dallas who goes on the record to explain how money and power work in Trump's America. This is the behind-the-scenes story of how political pressure led to the 2017 tax bill, a huge giveaway to the wealthy.
Welcome to the Heist: How did massive amounts of government money end up in the pockets of corporations and rich Americans during Trump's presidency? We go inside the system to find out. Episodes drop weekly starting September 17, 2020.