Monday, April 05, 2010

Looting Main Street : Rolling Stone

Matt Taibbi does what he does best in Looting Main Street "How the nation's biggest banks are ripping off American cities with the same predatory deals that brought down Greece"

1 comment:

Anonymous said...

So JP Morgan has to pay a 25 million dollar fine and 50 million dollars in "restitution" for a scheme that the mafia would have been proud to call their own.

That's chump change for those theives and they are happy to pay it.

Like I said before, nothing changes until people are indicted, prosected and sentenced appropriate to the magnitude of the theft, and thier ill-gotten gains clawed back under the RICO statute.

We better hope that the Tea Party doesn't somehow discover the giant vampire squid (i.e., Wall Street) in the room that nobody is talking about.

If average Americans come to understand what Wall Street Banksters have done to the economy of the US (and the World), simply to line their own pockets, then you may see a real populist uprising, and deservedly so.

But as it stands, Wall Street appears to still be running the show, even 2 years after the greatest financial collapse got started with the implosion of Bear Stearns.

Can I get three cheers for the creative financial genuises.....

So it goes.

TT