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Post by jeffolie on Jun 23, 2012 11:49:06 GMT -6
Both 'get it'...banks that are too big to fail get taxpayer subsidities such as JPMorgan get $14b per year from Obama who has 2 personal investment accounts with JPMorganChase. Crimes such as bid rigging bonds, stealing, evils, willing blind to consequences of being long term greedy, pyschopathy in banking ===================================== One of Rolling Stone's creative, talented financial mudrakers Matt Taibbi & Ives Smith(nakedcapitalism.com is a great site, see below) together on Bill Moyers discussing JPMorganChase, bank crimes, Jame Dimon, more in video embedded at Jesse's Cafe Americain www.jessescrossroadscafe.blogspot.com/2012/06/bill-moyers-with-matt-taibbi-and-yves.html[ this link is the Bill Moyers discussion] ========================= Saturday, June 23, 2012 Matt Taibbi and Your Humble Blogger on Bill Moyers Hope you enjoy this segment. I think I can speak for Taibbi in saying we had a good time with Moyers. For those who prefer viewing the program on a bigger screen, it runs in NYC and DC on Sunday at 6:00 PM. The staff is trying to organize a Twitter Q&A at that time (6:00 to ~6:40 EDT). I haven’t gotten confirmation that this is a go, but I’ll let you know in tomorrow’s Links (and they’ll be providing a hashtag). [this link is the Bill Moyers discussion] www.nakedcapitalism.com/2012/06/matt-taibbi-and-your-humble-blogger-on-bill-moyers.html
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Post by unlawflcombatnt on Jun 23, 2012 15:03:27 GMT -6
Excellent piece by Taibbi & Smith.
I really liked how Eves (Ives) Spelled out how banks are so dependent on the Government for their existence.
With that degree of dependence, there is no excuse for not heavily regulating them.
Eves suggestion that they be regulated like Utilities is right on the money.
Though I completely I agree with Taibbi & Smith on the point, I was amazed out how direct & up-front they were about big banks being outright criminal enterprises.
The fact that the general public doesn't really want to believe this is the only thing that has saved banks.
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