Who holds the reins of democracy? Fortune is calling the populist backlash against unregulated capitalism a from of "class warfare that could haunt business leaders for years to come." 

But as protesters on Wall Street chanted "bailout people not banks" and deluged their representatives with calls opposing the Paulson plan, lawmakers reached a deal to move forward with the largest bailout in our nation’s history. House speaker Nancy Pelosi declared victory: "We sent a message to Wall Street," she said. "The party is over."

Pelosi also insisted: "This is not a bailout, it’s a buy in." Full congressional approval is now required. But who are the real winners in this bailout plan?

Today on GRITtv we take a look at the financial crisis, the protests, and who will benefit from the bailout. Also, what does it say about our democracy?

Then it’s Live From Main Street, Ohio. Will your vote count? We are joined by Bob Fitrakis and Donita Judge. 

Post your questions and comments at GRITtv.org.  

Laura Flanders

Laura Flanders

Laura Flanders, author, and host of RadioNation on Air America Radio, has built a reputation for courageous investigative journalism coupled with compassion and a sense of humor. In writing her last book, Blue Grit, she traveled the country reporting on grassroots success stories and broadcast live to over 150 radio stations from community centers in places including Helena, Salt Lake City, New Orleans, Miami, Las Vegas, and Milwaukee. In her television appearances (Lou Dobbs, Larry King Live,) on radio and in her many books (including Bushwomen: Tales of a Cynical Species) and articles (The Nation and others,) Flanders calls for a new politics of fairness, equality and citizen action. Articulating the human dimension of American communities in trouble, her programs have become destinations for those seeking the skills and the will to make a difference. Flanders is a regular contributor to the Nation Magazine and CNN. Before joining Air America, where she was part of the original lineup, and hosted “The Laura Flanders Show” for three years, Flanders was the founding host of the award-winning “Your Call” weekday mornings on public radio, KALW in the Bay Area and CounterSpin, the radio show of the mediawatch group, FAIR.