US Corruption: The Stink has been Rising to the Clouds

US Corruption: The Stink has been Rising to the Clouds

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Matt Taibbi and Bill Moyers on Why the Government Lets the Big Banks Get Away With All Sorts of Crime

Matt Taibbi is his usual brilliant self in the video below, but his conclusions are wrong, not in fact, but as a matter of degree. Corporations and the rich control the US government, as well as most state governments. And this is especially true for Wall Street executives and banks. That’s why and how the game is rigged against the middle class.

By the way, when a rich person, such as Grover Norquist, says he wants to shrink government so small you can drown it in your bathtub, he means government for the 99 percent. He doesn’t have a problem with government growing so long as it’s profitable for a select few.

Check out the video below.

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How Obama and Bush Lied in Order to Redistribute Billions of Dollars Into the Pockets of the Already Rich

Matt Taibbi of Rolling Stone has once again exposed the banksters, Obama, Bush, the liars and the thieves in a marvelous piece of investigative journalism that we will never get from the corporate mainstream press. This time his story is about the distribution of the TARP bailout, which would have done this nation a ton of good if it had never happened. Taibbi tells us below what occurred with the bailout.

“So what exactly did the ($700 billion Tarp) bailout accomplish? It built a banking system that discriminates against community banks, makes Too Big to Fail banks even Too Bigger to Failier, increases risk, discourages sound business lending and punishes savings by making it even easier and more profitable to chase high-yield investments than to compete for small depositors. The bailout has also made lying on behalf of our biggest and most corrupt banks the official policy of the United States government. And if any one of those banks fails, it will cause another financial crisis, meaning we’re essentially wedded to that policy for the rest of eternity – or at least until the markets call our bluff, which could happen any minute now.”

Click the link below for the complete story.

Secrets and Lies of the Bailout

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Judge Tells Corrupt Securities and Exchange Commission (SEC) NO Deal with Corrupt Citigroup

NEW YORK — A US judge Monday rejected a $285 million settlement Citigroup made with US regulators over its marketing of mortgage securities that quickly went sour, saying the bank was getting off lightly.

New York federal court judge Jed Rakoff scolded the Securities and Exchange Commission for agreeing to a deal that he called inadequate and not in the public interest.

He also labelled the huge bank a “recidivist” that viewed such fines as “pocket change” and simply “a cost of doing business.”

Matt Taibbi of Rolling Stone discussed Monday on Countdown with Keith Olbermann the “unusual” decision of a judge to reject settlement Citigroup made with U.S. regulators over its marketing of mortgage securities.

New York federal court judge Jed Rakoff scolded the Securities and Exchange Commission (SEC) for agreeing to a deal that he called inadequate and not in the public interest.

“He came out basically and said that the SEC and Wall Street have been in a wink-wink, nudge-nudge arrangement for years,” Taibbi explained.

Click this link for greater coverage of this story

Click the link below for Keith Olbermann’s interview on this issue with Matt Taibbi.

http://current.com/bc/1299852505001?linkBaseURL=http%3A%2F%2Fcurrent.com%2Fshows%2Fcountdown%2Fvideos%2Fmatt-taibbi-on-judge-rakoff%25e2%2580%2599s-decision-to-reject-the-sec%25e2%2580%2599s-latest-settlement-with-citigroup

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matt taibbi says wall street isn’t winning. It’s cheating

http://i.cdn.turner.com/cnn/.element/apps/cvp/3.0/swf/cnn_416x234_embed.swf?context=embed&videoId=business/2011/10/22/ym-cain-taibbi-occupy-wall-street.cnn

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