Matt Taibbi on How Wall Street Hedge Funds Are Looting the Pension Funds of Public Workers
Wall Street firms are now making millions in profits off of public pension funds nationwide
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The Daily Show – AIG Ingrateful Bastards
A former AIG CEO, Hank Greenberg, files suit against the people saying the company wasn’t bailed out enough
Read MoreThe Daily Show – Bank Wankers HSBC
Jon Stewart rakes the government over the coals for enacting a “too big to prosecute” position on criminal money laundering
Read MoreMore fantasy and fairyland from Romney/Ryan
Matt Taibbi points out that Romney and Ryan will not offer specifics of their tax plan because the numbers simply don’t add up. Media should be holding their feet to the fire and demanding real answers instead of...
Read MoreMitt Romney-Tax subsidized job killer
Romney has piled more debt onto more unsuspecting companies, written more gigantic checks that other people have to cover, than perhaps all but a handful of people on planet Earth.
Read MoreMatt Taibbi – Bank of America: Too Crooked to Fail
“So they asked the bank to move a chunk of that mess from Merrill Lynch onto Bank of America’s own balance sheet. Why? Because Bank of America is a federally insured depository institution. Which means that the FDIC, and by extension you and me, is now on the hook for as much as $55 trillion in potential losses.”
Read MoreWall Street, a blunder or a crime?
The government has not declared war on Wall Street even after Wall Street declared war on Main Street. The housing bubble was built on a bedrock of fraud linking shady subprime brokers and appraisers to an industry of financial products that were then resold with misrepresented values thanks to the connivance of unethical ratings agencies.
Read MoreOlbermann-Holiday road to ruin
Matt Taibbi talks with Keith about a proposed tax holiday that rewards companies for “offshoring” profits and avoiding paying their taxes, for being tax cheats.
Read MoreRolling Stone – The People vs Goldman Sachs – will DOJ prosecute?
Goldman had gone from betting $6 billion on mortgages to betting $10 billion against them — a shift of $16 billion. Even CEO Lloyd “I’m doing God’s work” Blankfein wondered aloud about the bank’s progress in “cleaning” its crap. “Could/should we have cleaned up these books before,” Blankfein wrote in one e-mail, “and are we doing enough right now to sell off cats and dogs in other books throughout the division?”
Read MoreMatt Taibbi-“Why isn’t Wall Street in jail?”
Matt Taibbi, writing for Rolling Stone magazine, pens another expose on the crimes committed by Wall Street against pension funds and millions of homeowners.
Read MoreGoldman Sachs nabs $3B in taxpayer bailout money through AIG
“The world’s most powerful investment bank is a great vampire squid wrapped around the face of humanity, relentlessly jamming its blood funnel into anything that smells like money.”
Read MoreOlbermann – Wah Wah Wall Street – Matt Taibbi
An essentially non story story published in Politico about a “…list of slights and outrages that just about every major figure on Wall Street is believed to keep on President Barack Obama…”, gets the Matt Taibbi treatment.
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