General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsMatt Taibbi Reported Extensively on Wall Street Meltdown and He is Angry Over "Cromnibus Bill"
He has an article out about why he's upset with Dem Party over this Bill which is a big step in the start of DISMANTLING of the Modest "Dodd-Frank' reforms that were hard fought over for years. He has a right to be angry.
This is the link to Matt's new article where he expresses his Anger & Angst that our President lobbied to support a bill that trashes all of the Investigative Reporting by Matt and others about the causes of the 2008 Banking Crash that cost so many of us years of Pain with wipe out of much of our 401-K's, People thrown Out of Their Homes with Criminality of Banks lending to those Who Could Not Afford It and those with Home Equity Loans for Medical Bills or even to Send their Kids to College were left with nothing.
Here is Matt's Article expressing his anger with Dem Party and President Obama.
http://www.rollingstone.com/politics/news/dodd-frank-budget-fight-proves-democrats-are-a-bunch-of-stuffed-suits-20141213#ixzz3LoNo3bfV
And...Here is Bill Moyers Interview with Matt about Wall Street Corruption and How Far it Went in Hurting Average Americans and the Implications of What Wall Street Bankers ....Got AWAY WITH.
If you Search you will find many links to Matt's Articles from "Rolling Stone" exposing Wall Street Criminality that only benefitted the 1% and many You Tube links to those who interviewed him about his reporting.
BUT....Here is a Video from "Moyers & Company" that I thought was worth posting for those who weren't here in the "Crash Years"...and there are many more videos about his articles at "You Tube":
Published on Feb 1, 2013
Rolling Stone's Matt Taibbi joins Bill to discuss the continuing lack of accountability for "too big to fail" banks which continue to break laws and act unethically because they know they can get away with it. Taibbi refers specifically to the government's recent settlement with HSBC -- "a serial offender on the money laundering score" -- who merely had to pay a big fine for shocking offenses, including, Taibbi says, laundering money for both drug cartels and terrorist-connected banks in the Middle East.
Taibbi also expresses his concern over Obama appointees -- including Lanny Breuer and Mary Jo White -- who go from working on behalf of major banks in the private sector to policing them in the public sector.
"The role of law isn't really the role of law if it doesn't apply equally to everybody. If you're going to put somebody in jail here in New York City for six months or a year for having a joint in his pocket, you can't let higher ranking HSBC officials off for laundering $800 million for the worst drug dealers in the entire world," Taibbi tells Bill. "Eventually it eats away at the very fabric of society."
NoJusticeNoPeace
(5,018 posts)rhett o rick
(55,981 posts)KoKo
(84,711 posts)Incredible the Cluelessness.
Thank for pointing that out.
SamKnause
(13,101 posts)I am disappointed.
I feel betrayed.
America as we know it will not survive a two tier justice system.
The masses are being criminalized.
The rich are being idolized.
People admire the rich and they don't seem to care how they acquired their riches, legally or illegally.
KoKo
(84,711 posts)Last edited Sat Dec 13, 2014, 10:15 PM - Edit history (1)
And we do this by FIGHTING BACK!
There's Much Work to Do! And We Should not Get Discouraged.......No Matter..How Long it Takes.
BACK IN HISTORY of READING and POSTING....WHAT has Gone on Before...and Post ...About It!
daleanime
(17,796 posts)Ilsa
(61,695 posts)appearing to tick down (who knows how far, how quickly), and I suspect junk bonds are getting trashed, makes it even more suspicious and downright scary.
Is it illegal to place your cash in a safe deposit box instead of depositing it? Will it be worth anything anyway?
polichick
(37,152 posts)sabrina 1
(62,325 posts)I remember his reporting on this, it was he who made it understandable, the sheer extent of the fraud and corruption and CRIMES that caused the collapse of the World's Economies.
But he has to remember that Obama never believed that crimes were committed, he stated that what happened was NOT illegal, IMMORAL maybe, but not illegal.
It is difficult to imagine anyone, let alone a lawyer, failing to see the crimes that were so blatantly committed.
rurallib
(62,411 posts)if we didn't take it the nasty republicans would pass a real nasty bill and we'd have to find a president to veto it
(for the humor impaired)
DemandsRedPill
(65 posts)There is one thing that becomes very clear in all of this.
Matt spells it out quite clearly
It's that we have a two tiered system
It's the us and the them
Too big to jail for one
And those who don't measure up somehow and get no justice at all is the other.
"Eventually eats away at the very fabric of our society"
Hopeless?
Far from it
The answer is quite clear
If there is one group 'too big to jail' simply by virtue of the amount of money they have then we all must be the other group since we aren't rich.
But wait
Are the rich not statistically a very small number?
Those 'rich fat cats' are a tiny minority
So who is this other group?
It's that group that Richard Nixon labeled 'the silent majority'
That group is numerically quite large.
Perhaps as much as %60-%70 of the electorate?
So what is really lacking in this group that renders them so helpless in spite of their numbers?
It boils down to their inability or lack of desire to get off their dead asses and at least make a bit of a show at being willing to challenge the other 'too big to fail' group.
In other words 'quit being silent' in all of this
It is really just that simple
Now the real question to ask is 'how do we motivate them or us'
What will it take?
Shall we wait until those who 'hold the gold' have eaten away entirely the fabric that holds all of us together as a working society.
Or do we just get severely pissed and say "I'm as mad as hell and I'm not going to take it anymore"?
I'm already mad and have been for some time
I'm just waiting patiently for others to finally join me to take back charge of this 'asylum without bars' from those who by their very actions prove they truly deserve to be the patients and not the doctors of this once promising institution we call America.
Dustlawyer
(10,495 posts)We have to join all of the groups that are fighting for issues close to their hearts such as police brutality, environment, public education, women's rights... We must all demand publicly Funded Elections and an end to the revolving door
If we continue to do nothing they will commit more and bigger financial crimes and we will keep footing the bill!
Eleanors38
(18,318 posts)woo me with science
(32,139 posts)Dustlawyer
(10,495 posts)Eleanors38
(18,318 posts)BBQ: You pig out, maybe have some pangs of regret. But a day or two later, the need is rising, like the rut. And you don't want anything to slow you down when you next elbow your way to the trough.
They gotta get a little more, courtesy of us.
INdemo
(6,994 posts)Still a friend to Wall Street whose name is still on their guest list.
Just another Republican with D in front of her name.
hedda_foil
(16,373 posts)This says it all.
Conservatives for welfare, and liberals for big business. It doesn't make sense unless we're not really dealing with any divided collection of conservatives or liberals, and are instead talking about one nebulous mass of influence, money and interests. I think of it as a single furiously-money-collecting/favor-churning oligarchical Beltway party, a thing that former Senate staffer and author Jeff Connaughton calls "The Blob."
Babel_17
(5,400 posts)Some technocrats argued, and still argue, that the 99% would pay a heavy price if we tried to force the guilty higher ups of the financial institutions to sit still and accept prosecution. I won't argue the point but what the number crunchers tend to miss is that there are real costs to giving a pass to those crimes.
Even if a case couldn't be made, or a conviction achieved, against these masters of the universe, at least a lesson would be learned as to what laws needed to be changed.
IDemo
(16,926 posts)This was the infamous document created by Eric Holder as deputy U.S. attorney general under Clinton. It essentially created the blueprint for 'Too Big to Jail', which is still evident in Lanny Breuer's Frontline interview.
I'm in the middle of Taibbi's "The Divide: American Injustice in the Age of the Wealth Gap", which goes into great detail (sometimes exhausting) about the incredible free ride the banking and finance industry was able to enjoy with virtually no criminal prosecutions. It is contrasted with the onerous criminal justice system faced by anyone at the other end of the wealth spectrum. Not recommended reading for those like me with a tendency for tooth grinding.
Just a note: the correct quote from the interview should read - "The rule of law isn't really the rule of law if it doesn't apply equally to everybody".