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 @michaelbkiefer: DOJ asks to copy alleged CIA data from bogus MCSO investigation into the federal judge considering contempt charges aga…
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bmaz So, looked up a few minutes ago at office TV, and there was a very dapper looking @imraansiddiqi on @CNN. Now he is on local news feed too!
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bmaz Amazing that conservative 2nd Amendment types not up in arms over this....so to speak https://t.co/4zAGEVoLnm
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emptywheel Richard Burr's surveillance bill would also redefine "terrorist" in a really dangerous way: dissidents w/guns. https://t.co/YVdKHbk917
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emptywheel @IronCurtaiNYC Nuh uh. In Ireland it's "Fuddie," and besides they have college gridiron once a year now.
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emptywheel My plan for a reality show called "The Fiefdoms of Football," where Blatter and Goodell try to stay alive on desert island, is ALIVE!
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bmaz RT @KayBurley: From this graphic you can see how #Blatter would have no clue about alleged corruption at #FIFA - via @McKenzieCNN http://t…
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emptywheel @fuzed No. But it might include those trying to defend themselves from police.
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bmaz This is a pretty engrossing story https://t.co/tNmAztExMW
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bmaz @walterwkatz @emptywheel @ScottGreenfield WAS in NY, been in SDFL (Miami) for a while. But, even when was in NY, it was in SDNY, not EDNY
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bmaz Well, whadda ya know.... https://t.co/1ev2MxFBL6
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May 2015
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