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Thu Feb 7, 2013, 06:17 PM

Matt Taibbi: Breaking Up Banks 'Should Be The Holy Grail Of Activist Goals'


from HuffPost:



Calling all activists! Calling all activists! Matt Taibbi has a cause for you to rally around.

The progressive darling and Rolling Stone contributor said that breaking up the banks “should be the Holy Grail of activists goals” in an Ask Me Anything on Reddit Thursday.

“Again, to repeat, breaking up the banks is the big thing,” he typed to Reddit users. “That should be the Holy Grail of activist goals. Everything flows from the TBTF problem. If that can be accomplished, we're off and running.”

It’s no surprise that Taibbi is pushing for an end to TBTF -- that stands for too big to fail, by the way -- it’s been a pet peeve of his for some time. He joins a variety of other big names in finance, including famed author Michael Lewis and Britain’s Treasury Chief George Osbourne, in calling for an end to an era in which banks are so huge their collapse could bring down the economy. ..................(more)

The complete piece is at: http://www.huffingtonpost.com/2013/02/07/matt-taibbi-reddit-ama_n_2638951.html



21 replies, 1846 views

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Reply Matt Taibbi: Breaking Up Banks 'Should Be The Holy Grail Of Activist Goals' (Original post)
marmar Feb 2013 OP
rhett o rick Feb 2013 #1
Brigid Feb 2013 #3
valerief Feb 2013 #4
rhett o rick Feb 2013 #9
Brigid Feb 2013 #10
rhett o rick Feb 2013 #11
Brigid Feb 2013 #13
rhett o rick Feb 2013 #14
Brigid Feb 2013 #15
rhett o rick Feb 2013 #17
grahamhgreen Feb 2013 #19
rhett o rick Feb 2013 #20
grahamhgreen Feb 2013 #21
WillyT Feb 2013 #2
dreamnightwind Feb 2013 #5
Jeevus Feb 2013 #6
EastKYLiberal Feb 2013 #7
hay rick Feb 2013 #8
Fire Walk With Me Feb 2013 #12
upi402 Feb 2013 #16
grahamhgreen Feb 2013 #18

Response to marmar (Original post)

Thu Feb 7, 2013, 07:35 PM

1. Breaking up the banks must be high on our list, but

if we dont fix the broken election system, whatever advances we make will be soon undone.

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Response to rhett o rick (Reply #1)

Thu Feb 7, 2013, 08:28 PM

3. And we start by . . .

Public financing of elections.

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Response to Brigid (Reply #3)

Thu Feb 7, 2013, 08:29 PM

4. Eating the rich would be easier for us all. nt

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Response to Brigid (Reply #3)

Thu Feb 7, 2013, 10:59 PM

9. If you succeed in passing public financing legislation now

and we dont fix the election system. The Repukes are apt to gain more control of Congress and possibly the presidency. If that happens, kiss your public financing gains goodbye.

Nothing can be fixed if we dont have free and fair elections.

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Response to rhett o rick (Reply #9)

Thu Feb 7, 2013, 11:38 PM

10. That is why campaign finance reform is only the beginning.

But I believe that getting the money out of our elections is the best start toward getting other reforms done, like ending jerrymandering and those scandalously long lines at polling places in some states we saw in November.

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Response to Brigid (Reply #10)

Thu Feb 7, 2013, 11:45 PM

11. Let's say you are successful at getting a bill passed that controls

campaign financing. And in 2014 the republicans steal enough elections to add to their HOR majority and manage to get a majority in the Senate. You can kiss your campaign financing bill goodbye.

With out free and fair elections, whatever progress you make will be undone when the repubs get more power.

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Response to rhett o rick (Reply #11)

Thu Feb 7, 2013, 11:56 PM

13. But without campaign finance reform,

I think we decrease the likelihood of getting other things done, since rich Repugs have poured so much money into getting their candidates elected. I guess we have sort of a "chicken or the egg" situation here.

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Response to Brigid (Reply #13)

Fri Feb 8, 2013, 12:00 AM

14. So, do I get the chicken or the egg?

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Response to rhett o rick (Reply #14)

Fri Feb 8, 2013, 12:05 AM

15. Are you good with chicken?

I haven't had Eggs Benedict in years.

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Response to Brigid (Reply #15)

Fri Feb 8, 2013, 12:11 AM

17. Chicken is fine. After all it tastes like

you got it chicken.

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Response to rhett o rick (Reply #1)

Sat Feb 9, 2013, 04:18 PM

19. Elections are gerrymandered for 10 years!

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Response to grahamhgreen (Reply #19)

Sat Feb 9, 2013, 04:20 PM

20. And your point is ???????????????????

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Response to rhett o rick (Reply #20)

Sun Feb 10, 2013, 03:28 AM

21. We're doubly screwed,

to fix the banks we need to elect officials who will go after them!

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Response to marmar (Original post)

Thu Feb 7, 2013, 08:26 PM

2. HUGE K & R !!!


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Response to marmar (Original post)

Thu Feb 7, 2013, 09:00 PM

5. K & R for an excellent cause

I agree with others here that full public financing of elections and campaigns would be the most important battle, and would eventually end TBTF. That's a tough one, though, getting corporate money out of our elections will be an unbelievably difficult (but necessary) fight. Given that, maybe we should target TBTF first, I really don't know. Both things have to happen.

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Response to marmar (Original post)

Thu Feb 7, 2013, 09:02 PM

6. I agree. Where do we start?

What's the first thing we can all do? Legal thing. We can ALL feasibly do.

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Response to marmar (Original post)

Thu Feb 7, 2013, 09:04 PM

7. Way bigger priority than the non-issue that is drones...

 

Unfortunately some have one-track minds that focus on the most minuscule of issues.

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Response to marmar (Original post)

Thu Feb 7, 2013, 09:53 PM

8. K&R

Definitely near the top of the list.

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Response to marmar (Original post)

Thu Feb 7, 2013, 11:45 PM

12. We tried that. They kept sending militarized riot police to beat and arrest us.

 




We need to solve the riot police/beatings/arrests/felonies/FBI/DHS problem to get to the banks and end them.

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Response to marmar (Original post)

Fri Feb 8, 2013, 12:06 AM

16. Reporting for duty!


Matt has a pattern of being 100% right on.
But Fire Walk With Me is 100% right too.

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Response to marmar (Original post)

Sat Feb 9, 2013, 04:18 PM

18. Yup!

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