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Posts Tagged ‘rolling stone’

As CEO of Bain Capital, Mitt Romney became rich by grabbing wealth, destroying jobs and sticking others with the bill. The fact, Wall Street Mitt the Twit Romney “is one of the greatest and most irresponsible debt creators of all time. In the past few decades, in fact, Romney has piled more debt onto more unsuspecting companies, written more gigantic checks that other people have to cover, than perhaps all but a handful of people on planet Earth.” Given that, why he’s critical of the federal debt is a great mystery solved by the article in the link below.

Greed and Debt; The True Story of Mitt Romney and Bain Capital–Rolling Stone

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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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