Savings & Loan Crisis

David Gregory & NBC Give John McCain Blowjob; Screw Americans

Saturday evening, the New York Times put up an important editorial, The Banks Win Again, on its website regarding the financial crisis, an editorial piece that would be key in their Sunday Morning Edition Opinion Section:

Last week was a big one for the banks. On Monday, the foreclosure settlement between the big banks and federal and state officials was filed in federal court, and it is now awaiting a judge’s all-but-certain approval. On Tuesday, the Federal Reserve announced the much-anticipated results of the latest round of bank stress tests.

How did the banks do on both? Pretty well, thank you — and better than homeowners and American taxpayers.

That is not only unfair, given banks’ huge culpability in the mortgage bubble and financial meltdown. It also means that homeowners and the economy still need more relief, and that the banks, without more meaningful punishment, will not be deterred from the next round of misbehavior.

The nation is on the cusp on having the government, both federal and states, sign off on arguably the biggest financial fraud on the American public in history, and doing so in a way that massively rewards the offending financial institutions and refuses serious investigation, much less prosecution, of any participants perpetrating the conduct. This pattern of craven conduct cratered not just the US economy, but most of the world economy.

In the face of all this, David Gregory and MTP had on the Sunday morning show one of the most senior Senators in the United States Senate, John McCain, who serves as a key member of both the Governmental Affairs and Health, Education, Labor and Pensions Committees, both of which →']);" class="more-link">Continue reading

Emptywheel Twitterverse
JimWhiteGNV RT @rcooley123: Mississippi Wouldn't Allow This Teacher to Show Kids How to Use a Condom. His Simple Solution Is Brilliant. | http://t.co/
18mreplyretweetfavorite
emptywheel @DevlinBarrett Does that mean they're just going to bury his concerns later, under the weight of others on the board?
2hreplyretweetfavorite
emptywheel RT @DevlinBarrett: JusticeDept Backs Down in Fight With Judge Over Science Evidence - WSJ http://t.co/XNuMHj0aSy
2hreplyretweetfavorite
emptywheel @jesseberney How was it? I suspect that's what I'm going to be told is only thing short of multiple spot surgery soon @Atrios @LisaMcIntire
2hreplyretweetfavorite
bmaz @nicholsong Usually means either that they are difficult to get along with or don't pay.
3hreplyretweetfavorite
emptywheel @davidcnswanson space between words are just same. one space each side. @ncweaver
3hreplyretweetfavorite
bmaz @nicholsong Says they are probably not a good client!
3hreplyretweetfavorite
emptywheel @RachelPerrone Right. She learned 10 years too late to make difference, b4 working way thru local school @ClinicEscort
3hreplyretweetfavorite
emptywheel @RachelPerrone I remember when I explained "need blind" to friend from grad school. She had no idea some schools would pay @ClinicEscort
3hreplyretweetfavorite
emptywheel @ncweaver CIA is not our evil. They are their own evil. They oustripped being our evil under Dulles and have only gotten further away.
3hreplyretweetfavorite
emptywheel @ncweaver SHUSH. Stop giving the CIA all my tricks. @davidcnswanson
3hreplyretweetfavorite
January 2015
S M T W T F S
« Dec    
 123
45678910
11121314151617
18192021222324
25262728293031