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Fri Jan 11, 2013, 06:53 PM

Matt Taibbi & William Black on Bailout Secrets & How New Foreclosure Deal Spares Banks From Justice



(1/11/13) DemocracyNow.org -Four years after the massive bailout that rescued Wall Street, we look at the state of the financial sector with Rolling Stone's Matt Taibbi and former financial regulator William Black. In a new article for Rolling Stone, Taibbi argues the government did not just bail out Wall Street, but also lied on the financial sector's behalf, calling unhealthy banks healthy and helping banks cover up how much aid they were getting. The government's approach to the banks came under new scrutiny this week after it reached an $8.5 billion settlement for improprieties in the wrongful foreclosures on millions of American homeowners, including flawed paperwork, robo-signing and wrongly modified loans. The settlement will end an independent review of all foreclosures, meaning the banks could be avoiding billions of dollars in further penalties, in addition to criminal prosecution.

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Reply Matt Taibbi & William Black on Bailout Secrets & How New Foreclosure Deal Spares Banks From Justice (Original post)
alp227 Jan 2013 OP
pam4water Jan 2013 #1
ReRe Jan 2013 #2
truth2power Jan 2013 #3
ReRe Jan 2013 #6
NoMoreWarNow Jan 2013 #4
Iwillnevergiveup Jan 2013 #5

Response to alp227 (Original post)

Fri Jan 11, 2013, 09:32 PM

1. Big K&R! Really good show today!

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Response to alp227 (Original post)

Fri Jan 11, 2013, 10:46 PM

2. Matt Taibbi & William Black

Well, well, well...... surprised to see not much discussion about this DeomcracyNow discussion that took place this morning...

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Response to ReRe (Reply #2)

Sat Jan 12, 2013, 06:06 AM

3. I guess then there would have to be discussion of the Obama admin's role in all this...

why he thinks Geithner is so laudable etc - see from 12:00 forward in the video.

Can't go there.

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Response to truth2power (Reply #3)

Sat Jan 12, 2013, 03:25 PM

6. See my Sig line...

.... Read up on Matt Taibbi, William Black, David Cay Johnston... heck there was a great article over on HP a couple days ago that was worth reading... I'll see if I can find it and link to it here. And then stand back and wonder at why Paul Krugman supports Jack Lew. There cannot be two ways of looking at this whole banking issue. They're too far apart. Which is telling the truth? Are there any books out that favor the banks in this economic dilemma we find ourselves in? If so, point them to me. I read. As for the election, we had to support PO, as Romney was totally out of the question.

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Response to alp227 (Original post)

Sat Jan 12, 2013, 08:47 AM

4. great segment but it's the same old story

 

the banksters rule the roost and we seem almost powerless to do anything about it and the Obama admin has no interest in going after them.

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Response to alp227 (Original post)

Sat Jan 12, 2013, 02:31 PM

5. Required viewing!!!

Huge K&R

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