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 @stephenlemons @seannobledc @HuppenthalADE Heh, they both make me shudder and fear for teh childrens
23mreplyretweetfavorite
bmaz @LemieuxLGM @rickhasen You guys see the latest in crazy on the Rick Perry thing? loathe Perry, but this is nuts http://t.co/7JPcjRBbkZ
26mreplyretweetfavorite
bmaz @theurbansherpa I completely loathe the guy, but this shit is just nuts.
29mreplyretweetfavorite
emptywheel @annwimsatt Did they really quit?
32mreplyretweetfavorite
bmaz @stephenlemons @seannobledc Douglas is batshit crazy; is she preferable to Huppenthal, even as scummy as he is?
33mreplyretweetfavorite
emptywheel @onekade Truly an asshole. I've always said that and all. But ... wow.
39mreplyretweetfavorite
bmaz @OKnox Jesus, what happened?? Get that offending infection goop out of you!
40mreplyretweetfavorite
emptywheel @onekade You'd give pre-licked candy to ... anyone else?
41mreplyretweetfavorite
bmaz Judge warns against Rick Perry grand jury threats http://t.co/7dHpZymnGx Crikey, the Perry indictment farce goes from silly to full on crazy
42mreplyretweetfavorite
emptywheel @onekade What if they lick the candy first?
42mreplyretweetfavorite
emptywheel Hey. Ferguson's white PR firm! Where's our daily press release?
42mreplyretweetfavorite
emptywheel RT @mattmdiaz: "@nytimes: Where are the national Democratic politicians on #Ferguson? http://t.co/o8LPJIvlu7"
43mreplyretweetfavorite
August 2014
S M T W T F S
« Jul    
 12
3456789
10111213141516
17181920212223
24252627282930
31