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 @Realharampolice Beautiful music?
2mreplyretweetfavorite
JimWhiteGNV RT @GatorsSB: T6: @AmandaLorenz18 records her first-career GRAND SLAM! UF leads TAMU, 14-3. #Wow #GoGators https://t.co/IZIEm1OZo2
12mreplyretweetfavorite
JimWhiteGNV RT @GatorsBB: That feeling when you hit two bombs in the ninth to win 5-4... #Gators 💣💣 https://t.co/oB60aC1OQj
13mreplyretweetfavorite
bmaz Urgh. That said, hard to see how Osweiller has not already shown up Nick Foles. #GoDevils! https://t.co/wFjXOJi3kl
15mreplyretweetfavorite
bmaz @dpottzzz Errr, just know which school will always dominate AZ collegiate football. It is written (as, apparently, basketball now is).
17mreplyretweetfavorite
bmaz @trabernlaw @VBalasubramani Good fucking gawd. What fun. Jealous.
20mreplyretweetfavorite
bmaz @dpottzzz He Wildcat boy, stifle yourself!
21mreplyretweetfavorite
bmaz @emptywheel @PhilPerspective I'd love to have a 2nd round pick. Instead, all I've got is this stud defensive end.
23mreplyretweetfavorite
emptywheel @bmaz Huh. I guess the Pats don't have much faith in Ted given their pick. @PhilPerspective
25mreplyretweetfavorite
emptywheel @bmaz I'm not watching. I'm on strike until Ted Olson #FreesTomBrady and bmaz finds us tix for the game. @PhilPerspective
28mreplyretweetfavorite
April 2016
S M T W T F S
« Mar    
 12
3456789
10111213141516
17181920212223
24252627282930