The Facts Now Fit The Theory

Secrets and Lies of the Bailout by Matt Taibbi

“The federal rescue of Wall Street didn’t fix the economy – it created a permanent bailout state based on a Ponzi-like confidence scheme. And the worst may be yet to come.”

Comments

  1. Just as planned…

    Matt Taibbi & Bill Black: Obama’s New Treasury Secretary a ‘Failure of Epic Proportions’

    “President Obama is facing criticism for nominating another former Wall Street executive to become treasury secretary. On Thursday, Obama tapped his own chief of staff, Jack Lew, to replace Timothy Geithner. Lew was an executive at Citigroup from 2006 to 2008 at the time of the financial crisis. He served as chief operating officer of Citigroup’s Alternative Investments unit, a group that bet on the housing market to collapse.”

  2. Ah Mysterious Matt.

    The guy whose heart is in the right place but who then ORDERS UP A PONY THAT HAS BEEN KINDA DEAD FOR A DECADE OR SO….

    “MATT TAIBBI: Well, I would certainly get rid of all those guys, you know, from Wall Street. I think there needs to be a freeze on foreclosures. I mean, there’s all kinds of things that need to be done. But the most important thing is we have to, you know, get the right people into bodies like the SEC and the Justice Department. Everybody I talked to said the same thing. The existing laws we have, you know, they’re not perfect, but they’re probably good enough to do some real good. It’s just that we don’t have the right people in the jobs, and the will isn’t there to do these prosecutions. So, I think we’ve just got to get the right people in the right jobs.”

    Sounds like a plan, Matt.

    Left-leaners fully agree, then hail Obama. Apparently it’s also the Tea Baggers’ fault. And Ron Paul’s, because he’s racist, you know and there would be chaos in his world.

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