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 @arj: A fine long-form article about Randy Barnett and the libertarian jurisprudence movement. Worth your time to read. http://t.co/Y6VP
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bmaz The Rehabilitationists http://t.co/ApSLfpKKEg Good piece by @brianbeutler
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bmaz RT @JimmySky: General Motors should push back against Obama's presidential overreach and christen their high-end, full-size SUV the GMC McK…
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bmaz RT @dmataconis: The busboy who cradled a dying RFK has finally stepped out of the past http://t.co/OJTSt7uIHT
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bmaz @dmataconis Pretty touching story
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bmaz Petraeus prosecutor: Clinton has committed no crime http://t.co/sXTsrPP2y7 And why those who keep demagoguing E-Ghazi are dishonest.
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JimWhiteGNV RT @wessmith123: Dear #DickCheney, We NEVER Want To Hear From You Again! Especially On The #IranDeal! #ISIS http://t.co/tQ1gu9FhfJ http:/…
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bmaz What, @ESPN making more false reports on the @NFL?? Oh, wait, @mortreport is involved, that explains it. https://t.co/NTCkUAPp6b
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emptywheel @shenebraskan Well, I root against him. I have the utmost respect for him. But you gotta root against someone and he's perfect! @024601
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emptywheel @shenebraskan Nah. But he knows how to make money & I wish more football players went on to maximize what they get for crushing their heads
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emptywheel @shenebraskan Buffet would come out to Detroit (and presume will continue in Miami) wearing an oversized Suh jersey. They're still close
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emptywheel @shenebraskan Suh's gonna be another interesting one post-sports career.
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August 2015
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