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 Continue reading

Emptywheel Twitterverse
bmaz RT @DanCBarr: @bmaz They will probably rule quickly. Reinhardt wrote Perry and Smith-Kline. Berzon joined in Smith-Kline. Gould wrote Witt.…
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JimWhiteGNV “@TBTimes_Rays: Good play by #Rays Longoria on bad throw by Hanigan to catch Bogaerts stealing 3B” Cartwheel tag.
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bmaz @etb714 @wellsbennett Okay, that is an awesomely cute picture.
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JimWhiteGNV RT @JohnHorneUK: This award winning pic was taken in #Bahrain in Feb 2011. In July 2014 the photographer was arrestd & tortured for it http…
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bmaz @DanCBarr Agree. I'm just still disappointed in Reinhardt's Romer based watered down Perry decision. Hope they get this decision out quickly
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JimWhiteGNV Things are getting a bit stir-crazy in the @SunSportsRays booth. I think Brian just asked a pitch out on a date with him. "That's gorgeous!"
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bmaz @adamsteinbaugh @APribetic Feel free to give her my best. Take a stun gun.
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bmaz @DanCBarr I was musing to someone few minutes ago that it might be advantageous if Reinhardt let Berzon write the opinion, but doubt he will
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bmaz @APribetic @adamsteinbaugh Don't use that term on Twitter. Ever. It is always best unheard of and from.
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bmaz @chrisgeidner After that pulled punch bastardization in Perry, would almost like to see Berzon write it. She is very good.
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bmaz @chrisgeidner @EQCF Can't beat that panel. Excellent!
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September 2014
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