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 →']);" class="more-link">Continue reading

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JimWhiteGNV RT @AP_Sports: Why does A's pitcher Pat Venditte need this odd-looking glove? http://t.co/gNUb3AkVPZ (@JanieMcCAP) http://t.co/YWYy5Zcu9q
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emptywheel @remesdh That's why this should be general rule. Both parties do it. No reason we should be surveilled if they're not.
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emptywheel @remesdh It was never proven but I'm fairly sure they went back and doctored emails on Plame outing, destroyed several days.
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emptywheel I blame @joshgerstein for Hillary's email failures. If he weren't so damned insistent on reading Bill's emails, she might have followed law
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emptywheel Good thing Hillary didn't preside over agency that had 250,000 poorly secured emails stole--oh wait. She did?!?!
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emptywheel Oh wait?!?! That's too extreme? Well, consider it fire insurance for transparency. My house has never burned, but I have insurance anyway.
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emptywheel All govt agencies, all pols, will have email retained by NSA in a "lock box" with a "golden key" for 30 years (FBI retention term).
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emptywheel My new approach to surveillance activism is gonna be to require retention fr pols they demand of mere proles.
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emptywheel RT @johnjcook: we've known for two years that hillary conducted state business on an off-the-books email acct http://t.co/Xph2vpvePK
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emptywheel When multiple people simultaneously use the same dorky word in online twips about propaganda.
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emptywheel Guess there's no way to arrange for both Menendez and Rice to lose in a battle bt two of them AND to have GOP net loss? #AskingForAFriend
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March 2015
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