MSNBC -- Matt Taibbi Explains How Wall Street Works

[travelingtypist]

Run time: 08:15 https://www.youtube.com/watch?v=J9etlLzuMfM   Posted on YouTube: April 15, 2011 By YouTube Member: MoxNewsDotCom Views on YouTube: 243   Posted on DU: April 16, 2011 By DU Member: travelingtypist Views on DU: 3034

 
The Real Housewives of Wall Street

[sasha031]

1. thank you so much for posting / k/r

I'll bookmark for later

[Sherman A1]

6. Agreed

[truedelphi]

2. Connecting the dot - wish it was mandatory for everyone in our nation

To watch this interview, and also the interview where Max Keiser goes ballistic. In part, he goes ballistic over this style of "government intervention" in which the government's inner players allow the Top Banking People the access to the money, all the while pretending that somehow this is going to "free up the money for people on Main Street."

This is Predatory Capitalism turned Socialism - but where the Socialism only helps you if you are already part of the upper one percent.

And inside the Rolling Stone article, Taibbi speculates that it is very likely the two women who got the 200+ millions of dollars from the Fed may never entirely pay it off.

[DeSwiss]

3. K&R

- http://www.nytimes.com/2009/08/25/business/25bernanke.html">Obama to Nominate Bernanke to 2nd Term at Fed, NYT August 24, 2009

[bbgrunt]

4. k and r. criminals.

[Citizen Worker]

5. One nation under the rich, by the rich and for the rich.

[99th_Monkey]

7. DOJ won't have the resources to "follow up" on this, due to "other priorities"

like busting medical marijuana clinics and such.

[Amonester]

8. The Royals Are Back

And They Don't Care

They Screw Everybody Who Aren't In Their Kingdom's Court Not Just Once But Twice

They Jack Up Commodities Prices And Make The Taxpayers Pay

They Don't Care About Entire Families Losing Their Houses And Having To Go Sleep Under Bridges

They KNOW NOTHING WILL BE DONE AGAINST THEM TOMORROW

They KNOW NOTHING WILL BE DONE AGAINST THEM NEXT WEEK

They KNOW NOTHING WILL BE DONE AGAINST THEM NEXT MONTH

They KNOW NOTHING WILL BE DONE AGAINST THEM NEXT YEAR

They KNOW NOTHING WILL BE DONE AGAINST THEM EVER

[Rhiannon12866]

9. Thanks so much for posting this!

I actually saw it this afternoon, but I needed to see it more than once to understand it... :dunce:

[democracy1st]

10. K & R

[90-percent]

11. A pertinent comment from Jesse Ventura

Jesse Ventura mentioned recently on one of his TV appearances that for the last 50 years, through both Democratic and Republican Administrations, the Secretary of the Treasury has always come from Goldman Sachs?

I wonder if those mysterious "Powers That Be" had anything to do with this?

-90% Jimmy

:sarcasm:

[ReggieVeggie]

12. yay!

correct spelling

[ooglymoogly]

13. The shocker here is that we are no longer shocked

knowing no one will ever be prosecuted, but let a starving person in the south steal a loaf of bread and watch what happens.

[sabrina 1]

14. They have their own club. The gall of them taking

all this money, hoping to keep it from the public, and Congress doing nothing about it?? And as Matt Taibbi says, here are the Republicans screaming over a few milliong going to the poor for heating help, eg, while these individuals, and foreign banks are getting TRILLIONS in tax dollars and in some cased, do not have to pay it back??

I just can't find the words to express the outrage I feel as we watch these budget shenanigans, while Congress apparently is ignoring the giveaway of all this money to insiders and their wives??

[Overseas]

15. K&R! Great interview.

Fighting over 40 million for NPR while two Wall Street Wives got 220 million.

[midnight]

16. Start finacial marshall law on these folks, and leave the hard working middle class alone...

[ThomCat]

17. Great point at the end. These were not Victimless Activities.

All of these loans ended up driving up commodities prices, which are increasing what every one of us has to pay for our gas, our food, and everything we buy. It's bankrupting our towns and cities. All because the Fed gave Trillions in loans to any bank, company, or wealthy person anywhere in the world who came to them and asked for a free handout. All of it at our taxpayer expense.

:grr: