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In the discussion thread: Bill Moyers & Co.: Matt Taibbi and Yves Smith (tangled web of banks and government) [View all]

Response to stockholmer (Original post)

Sat Jun 23, 2012, 08:21 AM

fasttense (14,445 posts)

1. Well worth listening to. Thanks for posting.

It just amazes me that though the politicians who made these bad loans for their towns, cities and states because they were bribed, some have even gone to jail, but the bad debt is still being paid off.

If a con man cons me and gets me to sign a bad contract through illegal means, and I prove it in court and he goes to jail, the contract is not considered a legal document and I don't have to follow through with it. Yet towns, cities and states are required to honor these bad debts made through illegal means. It makes no sense. Why don't they just wipe the debt off their books because they were defrauded?

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14 replies	Author	Time	Post
Bill Moyers & Co.: Matt Taibbi and Yves Smith (tangled web of banks and government) [View all]	stockholmer	Jun 2012	OP
Well worth listening to. Thanks for posting.	fasttense	Jun 2012	#1
good question.	barbtries	Jun 2012	#2
a painful restructuring and the system doesn't have the stomach for that.	AlbertCat	Jun 2012	#5
yeah.	barbtries	Jun 2012	#6
Yeah, I remember that part, thanks for reminding me.	fasttense	Jun 2012	#7
i agree.	barbtries	Jun 2012	#9
Dimon deserves	JEB	Jun 2012	#3
Dimon was re-appointed to another term as Class-A director of the NY Federal Reserve	stockholmer	Jun 2012	#10
Excellent Reporting And Service To Us All Via Bill Moyers	cantbeserious	Jun 2012	#4
Wall St totally backed/protected by both parties in Congress, the Fed, the White House, & the media	stockholmer	Jun 2012	#11
At about the 23:40 mark, Matt says that these guys think they have	truth2power	Jun 2012	#8
HERE'S A GREAT "TEACH-IN" MOMENT FOR OCCUPIERS AND THE REST OF US	drynberg	Jun 2012	#12
HUGE K & R !!! - Thank You !!!	WillyT	Jun 2012	#13
Thanks for posting this, stockholmer -- well worth the time to listen to it. n/t	antigop	Jun 2012	#14

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