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
emptywheel @froomkin Rarely is the question asked, is our spooks intelligenceing? https://t.co/vhJWngCP1f
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emptywheel @froomkin Rarely is the question asked: Is our spooks learning?
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bmaz @ScottGreenfield @radleybalko Ray Krone will not be impressed.
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bmaz @AriMelber Very Nice!
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bmaz @ScottGreenfield Scott Was Like A Scratchy Bearded Rainbow
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bmaz THIS----> Presidential “pixie dust”: How a quiet new rule can wipe away your basic rights http://t.co/bqkvPZOks7 via A @emptywheel at @Salon
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bmaz @emptywheel @ashk4n Well, okay then. If I was an SAO, you know what I would be saying!
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bmaz @NateWessler @onekade @emptywheel I think this incredibly needed. That said note Jeralyn's comment that this not new http://t.co/nFPEqadXtb
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emptywheel @bmaz I don't think Jello Jay will do it bc Lame Duck, retirement, etc etc. @ashk4n
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bmaz @emptywheel @ashk4n Crikey, not even your usual quarter???
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bmaz @kdrum Naw, I agree with @paulwaldman1 it's number 3, both. Christie has long history from back when was USAtty for NJ.
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emptywheel @bmaz No wager. @ashk4n
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