Matt Taibbi
041414
Lib book
Wow this guy is really making the rounds. Hes been on Bill Maher and The Daily show.
So Matt looks at the income gap from the perspective of who goes to jail. Those who have money escape prosecution even for the most egregious of financial crimes. While for those on the other side on the other side of the divide its very easy to wind up in jail. Insanely easy. In general, crime is down everywhere yet we continue lock up more people than ever, poor people that is.
44 Taibbi details all of the blatant and arrogant crimes of the sub prime club and the only one prosecuted was a black gang member and the victims were the banks. Everyone else went scott free. This is the two tiered justice system that has come to inhabit our country. Tough prosecutions for the common folks and white gloves VIP treatment for the rich and well connected.
Read Suskind's Confidence Men
48 In the midst of a white collar crime wave the doctrine of Collateral Consequenses was ensuring that none of them were prosecuted. Everyone except a few politically unconnected slobs like Abacus.
63 HSBC money laundering on a grand scale? It's ok no problem
64 LIBOR? Alright you crazy bankers knock that off or I'll give you a nuggi.
Time and fime again the top law enforcement people kow towed to the rich offenders.
PBS Frontline documentary The Untouchables
145 A Colossal Failure of Common Sense: The Inside Story of the Collapse of Lehman Brothers. Good book.
379 The nations biggest banks have borrowed 16 trillion dollars from the fed at zero or near
zero intrest. This is why we now get .025 interest on our savings accounts. They no longer need our money. They can get all they want for free from the Fed.
407 Matt Taibbi fun fact. After the financial crime of 2008 congress authorized 9.8 million to go after the criminals. Since none went to jail, it must have been spent on hookers and booze. Anyway that same year the DEA budget was 15.278 billion. Now you tell me who we are really going after.
No comments:
Post a Comment