Taibbi: 'Nothing stops big banks from ripping off people again'

[kpete]

Run time: 12:48 https://www.youtube.com/watch?v=WqyCjR9JEMA   Posted on YouTube: May 29, 2011 By YouTube Member: RussiaToday Views on YouTube: 1639   Posted on DU: May 30, 2011 By DU Member: kpete Views on DU: 1831

 

[Taft_Bathtub]

1. People should be rioting over this

but instead they're distracted by Sarah Palin.

[whatchamacallit]

2. He's right that the differences between the parties are mainly superficial at this point

DU is based on that fiction. If it weren't for the batshit wing of the republican party acting out, the illusion would crumble to dust.

[xchrom]

8. +1

[Kaleko]

11. + 2

[girl gone mad]

3. k & r

[DeSwiss]

4. K&R n/t

[barefootaccountant]

5. Fed is in bed with the Banksters

$3.2 trillion were "loaned" to these big banks all over the world by the Fed at interest rates as low as 0.01%, allowing them to buy Treasury Bills and loan our taxpayers money back to us at 3.5%. What a scam. The audit allowed under the Dodd-Frank bill uncovered this ripoff; the Fed tried to block this audit in court.

I thank Ron Paul, Alan Grayson, and Bernie Sanders as well as the Bloomberg News for uncovering this heist.

Why does the American public continue to put up with this thievery? We sentence the guy to 20 years for stealing $50 at a convenience store and these crooks get away with billions. Go figure.

The Barefoot Accountant

[Kaleko]

12. In one word: Neo-feudalism.

[Marblehead]

6. disheartening...

the next bailout will be the end of civil society..

[civilisation]

7. Taibbi is correct,. Obama has done NOTHING to hold banksters to account!

One pyramid scammer, unrelated to the systemic fraud of the banking/monetary system,. is nothing. The crimes are blatant, right out in the open, documented, and yet ignored and continued.

Rob a liquor store and you go to jail! Rob from millions of people, systematically using banking, investing, retirement plans, and a broken monetary/tax system,. and you get to make policy for the Obama white house. Pathetic.

The system will eat itself.

[Taft_Bathtub]

10. He took so much money from Goldmans

What a disgrace.

[sulphurdunn]

9. I don't think anything

will change until the CEO of Goldman Sacs is drug kicking and screaming from his office to the street and gets some wood laid to him on national TV for the whole world to see. I'm not holding my breath. :hippie: