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banned from Kos

(4,017 posts)
Sat Jul 21, 2012, 10:38 PM Jul 2012

Matt Taibbi is a lying piece of shit (link)

This is exactly what Obama and Geithner are doing now. By continually lying about the extent of the country's corruption problems, they're adding fraud to fraud and raising such a great bonfire of lies that they won't ever be able to fix the underlying mess. If they looked at the world like public servants, and not like corporate executives, they'd understand that the only way out is to come clean. That they don't look at things that way should tell people quite a lot.


http://www.readersupportednews.org/opinion2/277-75/9029-obama-and-geithner-government-enron-style

Here he is AGAIN making false accusations against President Obama like he did against Corzine and Blankfein. I don't give a fuck - I tell the truth.

If this is 'Taibbi Underground' then ban me.
154 replies = new reply since forum marked as read
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Matt Taibbi is a lying piece of shit (link) (Original Post) banned from Kos Jul 2012 OP
I do miss the unrec feature. pscot Jul 2012 #1
If you pay for that rag that Taibbi writes for then you are indirectly banned from Kos Jul 2012 #4
change your name to "BannedfromDU" DontTreadOnMe Jul 2012 #76
Rolling Stone is a rag? Fawke Em Jul 2012 #86
Not to any progressive Democrat I have ever known! sabrina 1 Jul 2012 #116
Wait...what? Puregonzo1188 Jul 2012 #95
Same here n/t deutsey Jul 2012 #121
What was the lie? Bonobo Jul 2012 #2
What the fuck has Taibbi done for Democrats? banned from Kos Jul 2012 #13
I asked you what the lie was. You said he was lying. Bonobo Jul 2012 #19
I'll second Bonobo, what was the lie? polichick Jul 2012 #23
Yes, what specific lie? hatrack Jul 2012 #25
Yes, what was the lie???? pinboy3niner Jul 2012 #27
Yes, what was the lie? DJ13 Jul 2012 #28
Correction, he hates anyone who challenges Wall Street. sabrina 1 Jul 2012 #122
I'm with Bonobo. zappaman Jul 2012 #32
I'm curious too - what lie? piratefish08 Jul 2012 #63
Who's he jivin' with that cosmik debris? nt Bonobo Jul 2012 #130
I too would like to be enlightened. nt raouldukelives Jul 2012 #104
He must have found a lot of lies if it has taken him UnrepentantLiberal Jul 2012 #119
He's trying to keep them honest. mattclearing Jul 2012 #83
How is that relevant? He's a journalist not a Democratic campaign strategist. Puregonzo1188 Jul 2012 #96
It's not his job to do anything for Democrats n/t Teamster Jeff Jul 2012 #127
Oy. It's No Person's Underground. tblue Jul 2012 #3
BFK can argue the thing, so I rec'd it, but I'm not really into it. From the link: freshwest Jul 2012 #49
You really feel good about reccommending a thread calling a liberal journalist.. girl gone mad Jul 2012 #60
Taibbi is right but not for the reason he states. Warpy Jul 2012 #77
I tend to agree ... 1StrongBlackMan Jul 2012 #151
aw hell, quinnox Jul 2012 #5
ban yourself, dumbass. KG Jul 2012 #6
+1 Warren Stupidity Jul 2012 #31
+1 leftstreet Jul 2012 #107
+1 UnrepentantLiberal Jul 2012 #120
Taibbi has always been a piece of shit. GarroHorus Jul 2012 #7
He sure is full of himself, I'll give him that... WCGreen Jul 2012 #17
He's not full enough of himself GarroHorus Jul 2012 #18
Every time I see him on TV, he has a lilt to his head a smirk on his puss... WCGreen Jul 2012 #24
You can't judge a book by its cover. jonthebru Jul 2012 #92
It's his smirk, too... WCGreen Jul 2012 #149
Why do you say that? Edited to say strike that, I see you are no longer with us! sabrina 1 Jul 2012 #137
holy shit laundry_queen Jul 2012 #138
Lol, I am not into grave-dancing much, but sometimes it is tempting. sabrina 1 Jul 2012 #140
... WillyT Jul 2012 #150
You tell the truth? white_wolf Jul 2012 #8
Why does it seem like you're constantly sticking up for the banksters? Cali_Democrat Jul 2012 #9
yup, it is a clear pattern, the OP hasn't met a corporate shill quinnox Jul 2012 #12
Apparently he's being 'forced' to... PoliticAverse Jul 2012 #16
good find obamanut2012 Jul 2012 #48
What a maroon. UnrepentantLiberal Jul 2012 #124
Ha, good one. nt laundry_queen Jul 2012 #139
No choice Ruby the Liberal Jul 2012 #35
I have issues with Taibbi, however, corzine is a crook, and I suspect so is blankfein /nt still_one Jul 2012 #10
prove it then. banned from Kos Jul 2012 #15
Say, what was the lie in Taibbi's comments? Marr Jul 2012 #82
The proof that Corzine is a crook.. sendero Jul 2012 #114
You also smeared William K. Black. Octafish Jul 2012 #11
just a fascist fascisthunter Jul 2012 #34
He's a Dude Ichingcarpenter Jul 2012 #38
BAWHAHAHAHAHA! DUDE! Rex Jul 2012 #52
good thing I erased what I just wrote. Ichingcarpenter Jul 2012 #74
... woo me with science Jul 2012 #14
Well, that's your opinion. hifiguy Jul 2012 #20
I think maybe Kos had the right idea. LeftyMom Jul 2012 #21
I think he is fabulous! Safetykitten Jul 2012 #22
Sopunds like a good assessment of how edhopper Jul 2012 #26
Its been week since Ive seen this rerererererererererereretreaded idiocy. Warren Stupidity Jul 2012 #29
Unrec...that is all...nt joeybee12 Jul 2012 #30
no, actually you are fascisthunter Jul 2012 #33
What was the lie? Ruby the Liberal Jul 2012 #36
banned from Kos ... hmmm .. going for a twofer? 11 Bravo Jul 2012 #37
What.Was.The.Lie. ? Fumesucker Jul 2012 #39
What lie? warrprayer Jul 2012 #40
I think KOS had the right idea... n/t zappaman Jul 2012 #41
Exactly how is Obama lying? Zax2me Jul 2012 #42
WTF is your deal? Everyday you seem to try to annoy people. n-t Logical Jul 2012 #43
That's why he was banned from Kos. UnrepentantLiberal Jul 2012 #126
Give us Barabbas! NoPasaran Jul 2012 #44
What was the lie? Bluenorthwest Jul 2012 #45
There aren't any lies in Taibbi's pieces, banned from kos just can't handle the truth. smokey nj Jul 2012 #50
No doubt Kos will probably ban Taibbi. Tierra_y_Libertad Jul 2012 #46
Sky blue, bear woods, Pope JoePa Catholic ... zbdent Jul 2012 #47
It is kinda sad, you keep asking to be banned and no one will. Rex Jul 2012 #51
I imagine there's a "banned_from_DU" persona all ready to go. Iggo Jul 2012 #54
You can bank on it! Rex Jul 2012 #55
Perhaps he just hasn't said the incantation right, yet. Warren DeMontague Jul 2012 #79
What's the lie? Iggo Jul 2012 #53
Those poor Banksters. And poor Taibbi who gets slammed for his SUPPORT of sabrina 1 Jul 2012 #56
The OP has a pretty transparent agenda imo. Rex Jul 2012 #61
Yes, he's entertaining though, which is why I keep asking him sabrina 1 Jul 2012 #102
But if no one defends them, there will be no one to defend them. Ruby the Liberal Jul 2012 #66
Lol, it IS a tough job, but someone has to do it! sabrina 1 Jul 2012 #69
I guess they'll just have to console themselves with their trillions of dollars EvolveOrConvolve Jul 2012 #106
in this case, I think he is more of a purist idiot hfojvt Jul 2012 #57
There's a right way and a wrong way to restore confidence in our financial system. girl gone mad Jul 2012 #59
Shocking. Ruby the Liberal Jul 2012 #67
it depends on the regulation hfojvt Jul 2012 #73
Preserve it? Ruby the Liberal Jul 2012 #78
again, I did not say that hfojvt Jul 2012 #87
Yet you side with those who want no regulation on HOW they function. Ruby the Liberal Jul 2012 #91
So no consequences for criminal activity. Why do you think that holding people accountable sabrina 1 Jul 2012 #101
well, the wife in the story was hfojvt Jul 2012 #131
I know what Taibbi is saying and I agree with him. I believe in the Rule of Law. sabrina 1 Jul 2012 #135
You should probably read a bit more about robosigning. mattclearing Jul 2012 #84
my guess is hfojvt Jul 2012 #90
Robosigning = not fraud Ruby the Liberal Jul 2012 #94
thee's one legitimate legal means to keep your home hfojvt Jul 2012 #133
You might want to read what the bi-Partisan Senate Committee, chaired by Sen. Levin sabrina 1 Jul 2012 #111
oh well, if it is the Senate, I guess that settles it hfojvt Jul 2012 #132
Yes, well we don't need the Senate or Judges or States Attorneys to tell us that sabrina 1 Jul 2012 #134
the article did not describe a forgery hfojvt Jul 2012 #141
Lol, 'robo-signing was a stream-lined process'! sabrina 1 Jul 2012 #148
Sorry, I really like Taibbi. I think he is a great ground-breaking journalist. avaistheone1 Jul 2012 #58
I know you said you work in the financial services industry....... marmar Jul 2012 #62
You should make this into an OP. Ruby the Liberal Jul 2012 #68
Already done, which is likely what led to this OP sabrina 1 Jul 2012 #71
Perfect. Just kicked it. Ruby the Liberal Jul 2012 #75
Yeah, they are scared. Ruby the Liberal Jul 2012 #70
They are so blatantly obvious. It reminds me of another Taibbi article about how sabrina 1 Jul 2012 #100
I call that condition "greed" Ruby the Liberal Jul 2012 #109
I am not familiar with that but will look it up. sabrina 1 Jul 2012 #110
That is the case that gave us "corporations are people". Ruby the Liberal Jul 2012 #118
Ah, okay I remember now. sabrina 1 Jul 2012 #123
What was the lie? Gold Metal Flake Jul 2012 #64
"News is what somebody somewhere wants to suppress; all the rest is advertising." ~ Lord Northcliffe Tierra_y_Libertad Jul 2012 #65
Just so. +1. n/t Egalitarian Thug Jul 2012 #72
Corzine and Blankfein are not the best examples to make your point. rug Jul 2012 #80
It's sad how you're "forced to defend Wall Street" from... what was the phrase you used? Marr Jul 2012 #81
It was: spurious attacks by "progressives" Ruby the Liberal Jul 2012 #85
Ah-- there you go. Marr Jul 2012 #97
I worked for a huge bankster investment bank and Taibbi is TELLING THE TRUTH! 1MeanBean Jul 2012 #88
Where's the unrec button when you need it? Blue_In_AK Jul 2012 #89
Post removed Post removed Jul 2012 #93
Banned From Kos, Ignored By Me hatrack Jul 2012 #98
Ha Puglover Jul 2012 #99
I dont think he lied, I think part of his conclusion is forced. I think he particularly got it right stevenleser Jul 2012 #103
Matt Taibbi. AtomicKitten Jul 2012 #105
-1000 EvolveOrConvolve Jul 2012 #108
DU rec...nt SidDithers Jul 2012 #112
Figures. UnrepentantLiberal Jul 2012 #128
Right? truebrit71 Jul 2012 #142
I agree with the previous 100 people who posted. limpyhobbler Jul 2012 #113
That's because people are familiar with the old sabrina 1 Jul 2012 #115
Excellent idea. UnrepentantLiberal Jul 2012 #117
I'm Still Confused... WillyT Jul 2012 #125
See the thread below. It will answer all of your questions sabrina 1 Jul 2012 #136
Thank You For That !!! WillyT Jul 2012 #146
I'll trust Matt over you any day. donheld Jul 2012 #129
what was the lie? ...(repeat).... nt G_j Jul 2012 #143
I assume the OP was banned from this thread. nm Gold Metal Flake Jul 2012 #144
What was the lie? Chisox08 Jul 2012 #145
What was the lie? idwiyo Jul 2012 #147
Hit and run. Gold Metal Flake Jul 2012 #152
You failed to point out the lie (???) Democracyinkind Jul 2012 #153
Taibbi is correct; you're wrong. earthside Jul 2012 #154
 

banned from Kos

(4,017 posts)
4. If you pay for that rag that Taibbi writes for then you are indirectly
Sat Jul 21, 2012, 10:56 PM
Jul 2012

supporting Romney.

Taibbi is a yellow journalist. He feeds you bank griefers pablum. It won't last much longer at this pace.

 

banned from Kos

(4,017 posts)
13. What the fuck has Taibbi done for Democrats?
Sat Jul 21, 2012, 11:05 PM
Jul 2012

name one fucking thing.

Because you can't I won't pledge fealty to him.

DJ13

(23,671 posts)
28. Yes, what was the lie?
Sun Jul 22, 2012, 01:04 PM
Jul 2012

We know you hate anyone who challenges the WH, but calling someone a liar just because you dont like them is pretty childish.

sabrina 1

(62,325 posts)
122. Correction, he hates anyone who challenges Wall Street.
Sun Jul 22, 2012, 09:52 PM
Jul 2012

He often uses the WH however as a sort of cover for his defense of Wall Street.

This OP is a reaction to another Matt Taibbi thread that threatens the Global Corporate Corruption where attempts to defend his beloved bankers were futile. So, he searched for something Taibbi might have said to try to distract from this:

com=view_post&forum=1002&pid=994844Matt Taibbi: From an Unlikely Source, a Serious Challenge to Wall Street

Clearly this tactic is not fooling DUers.

mattclearing

(10,109 posts)
83. He's trying to keep them honest.
Sun Jul 22, 2012, 04:45 PM
Jul 2012

Sounds like you are the one thoughtlessly pledging fealty here. You still don't seem to have come up with that lie.

Puregonzo1188

(1,948 posts)
96. How is that relevant? He's a journalist not a Democratic campaign strategist.
Sun Jul 22, 2012, 06:25 PM
Jul 2012

Do you really think it's the role of everyone everywhere in the media to advance the electoral cause of the democrats?

I mean what the fuck has Taibbi done for Republicans? Or Greens? Or Libertarians? Nothing. He's a journalist not a politician and that's the way it should be.

tblue

(16,350 posts)
3. Oy. It's No Person's Underground.
Sat Jul 21, 2012, 10:54 PM
Jul 2012

Not Taibbi's and not Obama's. You can say that if you want to.

I haven't read the article. But now you make me want to find out what he has to say.

freshwest

(53,661 posts)
49. BFK can argue the thing, so I rec'd it, but I'm not really into it. From the link:
Sun Jul 22, 2012, 02:16 PM
Jul 2012
Beyond that, as Jeff points out, Obama is simply not telling the truth about the insufficient penalties available to regulators.

Moreover, the President is misleading us when he says that Wall Street firms violate anti-fraud law because the penalties are too weak.

his is exactly what Obama and Geithner are doing now. By continually lying about the extent of the country's corruption problems, they're adding fraud to fraud and raising such a great bonfire of lies that they won't ever be able to fix the underlying mess.





girl gone mad

(20,634 posts)
60. You really feel good about reccommending a thread calling a liberal journalist..
Sun Jul 22, 2012, 03:27 PM
Jul 2012

a "lying piece of shit"?

Welcome to my ignore list.

Warpy

(114,615 posts)
77. Taibbi is right but not for the reason he states.
Sun Jul 22, 2012, 04:28 PM
Jul 2012

Preserving fraud is not the aim, nor is supporting the men who created that fraud. The aim is preserving financial structures because he is smart enough to know what has happened when they've collapsed in the past.

So they're all putting band aids onto a failed system. I'm afraid that is only going to stall the inevitable, but I understand why it is happening. It always does.

 

1StrongBlackMan

(31,849 posts)
151. I tend to agree ...
Mon Jul 23, 2012, 01:45 PM
Jul 2012

While many seem to want to "bring down the system" ... unless they have about two years worth of food and water, a home in a defensible space, and a sufficient stock of guns and ammunition to keep them, I doubt they will be too pleased with the resulting chaos.

 

quinnox

(20,600 posts)
5. aw hell,
Sat Jul 21, 2012, 10:56 PM
Jul 2012

like the other guy said with some style in his post to you in your other thread, maybe it would be a good thing to add "banned from DU" to your resume.

 

GarroHorus

(1,055 posts)
18. He's not full enough of himself
Sat Jul 21, 2012, 11:14 PM
Jul 2012

Which is why he won't ever be as big a piece of shit as Douchewald.

WCGreen

(45,558 posts)
24. Every time I see him on TV, he has a lilt to his head a smirk on his puss...
Sun Jul 22, 2012, 12:46 PM
Jul 2012

The way he sits, what he wears, and how he presents himself tells me that he is full of himslef....

Perhaps you look at things differently than I do...

jonthebru

(1,034 posts)
92. You can't judge a book by its cover.
Sun Jul 22, 2012, 05:47 PM
Jul 2012

I have read a lot of what he has written and exposed. Nothing has struck me regarding an inflated ego or personal agenda.
I generally discriminate against men who wear a bow tie, they suck, generally speaking.

WCGreen

(45,558 posts)
149. It's his smirk, too...
Mon Jul 23, 2012, 01:26 PM
Jul 2012

He does a good job, but I can't watch him and I don't have to like him to respect what he does...

laundry_queen

(8,646 posts)
138. holy shit
Mon Jul 23, 2012, 01:54 AM
Jul 2012

it's about time. Are we allowed to grave dance in GD or is that purely for Meta?

sabrina 1

(62,325 posts)
140. Lol, I am not into grave-dancing much, but sometimes it is tempting.
Mon Jul 23, 2012, 01:58 AM
Jul 2012

I think though, that META is where people do their grave dancing

white_wolf

(6,257 posts)
8. You tell the truth?
Sat Jul 21, 2012, 10:59 PM
Jul 2012

I'll take Taibbi's word over yours any day of the week. He has proven himself to be an accurate journalist, you on the other hand I've proven yourself incapable of handling any criticism of Obama.

 

Cali_Democrat

(30,439 posts)
9. Why does it seem like you're constantly sticking up for the banksters?
Sat Jul 21, 2012, 11:02 PM
Jul 2012

I can see why someone like Matt Taibbi would anger you.

 

quinnox

(20,600 posts)
12. yup, it is a clear pattern, the OP hasn't met a corporate shill
Sat Jul 21, 2012, 11:05 PM
Jul 2012

that he hasn't liked would be my guess.

sendero

(28,552 posts)
114. The proof that Corzine is a crook..
Sun Jul 22, 2012, 09:35 PM
Jul 2012

... is all over the internet. If you don't know it, you have a lot of gall calling out someone else because you are clueless.

Not that 90% of the folks here don't know that already.

Ichingcarpenter

(36,988 posts)
74. good thing I erased what I just wrote.
Sun Jul 22, 2012, 04:23 PM
Jul 2012

about having an Operation of Mind Control
and what a Dude is?

edhopper

(37,370 posts)
26. Sopunds like a good assessment of how
Sun Jul 22, 2012, 12:50 PM
Jul 2012

Obama and Geithner addressed the crisis. Save the Banks first, don't bring any of the crooks to justice, keep the status quo.

Ruby the Liberal

(26,665 posts)
36. What was the lie?
Sun Jul 22, 2012, 01:13 PM
Jul 2012

Rhetorically asked, given that no other requests for this information have resulted in a response either...

Fumesucker

(45,851 posts)
39. What.Was.The.Lie. ?
Sun Jul 22, 2012, 01:22 PM
Jul 2012

You have been asked multiple times, stop bobbing and weaving, Mohammed Ali you ain't.

 

Bluenorthwest

(45,319 posts)
45. What was the lie?
Sun Jul 22, 2012, 01:35 PM
Jul 2012

Many people have asked you, and you refuse to respond. Why is that? You made the claim, why can't you back it up?

 

Rex

(65,616 posts)
51. It is kinda sad, you keep asking to be banned and no one will.
Sun Jul 22, 2012, 02:26 PM
Jul 2012

Kinda sad, maybe you could do a GBCW post in meta.

Iggo

(49,928 posts)
54. I imagine there's a "banned_from_DU" persona all ready to go.
Sun Jul 22, 2012, 02:33 PM
Jul 2012

Somewhere out there.

Warren DeMontague

(80,708 posts)
79. Perhaps he just hasn't said the incantation right, yet.
Sun Jul 22, 2012, 04:30 PM
Jul 2012

If I remember, it's something like "Tombstone me right the fuck now, Skinner" ... something like that.

sabrina 1

(62,325 posts)
56. Those poor Banksters. And poor Taibbi who gets slammed for his SUPPORT of
Sun Jul 22, 2012, 02:51 PM
Jul 2012

President Obama when he gives him credit where it is due, and for his assessment of the President as not the usual Politician but a sincere, human being who, Taibbi believes, does not need to make up a 'personal story' like Republicans

We’ve become trained to look for the man behind the mask…

But I’m not sure there is a mask when it comes to Barack Obama…

I hear Obama tell audiences about his grandmother and her time working on a bomber assembly line during World War II. Intellectually I know it’s the same thing — but when you actually watch him in person, you get this crazy sense that these schlock ready-for-paperback patriotic tales really are a big part of his emotional makeup. You listen to him talking about his grandfather waving a little American flag on the Hawaiian beach as he watched the astronauts come in to shore, and you can almost see that these moments actually have some kind of poetic meaning for him, and that he views his own already-historic run as a continuation of that pat-but-inspirational childhood story — putting a man on the moon then, putting a black man in the White House now.


Read more at http://www.nakedcapitalism.com/2012/01/why-is-the-normally-astute-taibbi-sounding-like-a-hopey-dopey-liberal-on-the-mortgage-settlement.html#LXxkCuZcaXVtp1zr.99

But when Politicians go wrong, Taibbi will not let them off the hook no matter how much he likes them. Iow, he is a real journalist.

Sorry he's telling the truth about the Poor Widdle Wall Street Banksters though, we all know how emotionally traumatic that can be, for them and their supporters

sabrina 1

(62,325 posts)
102. Yes, he's entertaining though, which is why I keep asking him
Sun Jul 22, 2012, 08:17 PM
Jul 2012

if we've met before somewhere else, on another forum, far, far away. But he never answers, yes or no.

And this other entertaining individual was also 'banned from kos' although that is not where we met.

Oh well, I will just assume that silence means consent in this case.

Ruby the Liberal

(26,665 posts)
66. But if no one defends them, there will be no one to defend them.
Sun Jul 22, 2012, 03:56 PM
Jul 2012

Its a lonely world out there.

hfojvt

(37,573 posts)
57. in this case, I think he is more of a purist idiot
Sun Jul 22, 2012, 03:16 PM
Jul 2012

For example "Now Obama and Geithner are engaged in the same sort of activity, only they're trying to prevent a run not on an individual bank, but the entire American financial services sector."

He does not seem to realize that it might be kinda important to prevent a run on the American financial services sector.

Yet to me that statement reads like "Obama and Geithner are engaged in the same sort of activity, only they're trying to prevent a global thermonuclear war."

Shame on them!!! How dare they??? They should do the RIGHT thing, the morally PURE thing, even if that means that nuclear bombs will fall in much the same way that the rain currently isn't.

Call me a fool, but I sorta think preventing the end of civilization is a little bit more important than sending a few banksters to jail.

Nor do I think robosigning is any more fraudulent than the bills that I have paid automatically. It is just a way of computerizing something that needs to be done.

girl gone mad

(20,634 posts)
59. There's a right way and a wrong way to restore confidence in our financial system.
Sun Jul 22, 2012, 03:21 PM
Jul 2012

Lying is the wrong way.

Ruby the Liberal

(26,665 posts)
67. Shocking.
Sun Jul 22, 2012, 03:57 PM
Jul 2012

Not really.

But interesting to see that some here think that allowing them to keep on keeping on with their graft and theft is the best way of handling the situation. Regulations be damned - these are bankers, so above the law, right?

hfojvt

(37,573 posts)
73. it depends on the regulation
Sun Jul 22, 2012, 04:22 PM
Jul 2012

but I never said that anybody was above the law. I said that preventing a run on the American financial system is kinda important. Sorta like preventing the levee from giving way is more important than writing a few parking tickets.

Look at it another way. Suppose the credit union where I have all of my life savings, misplaced, and then had stolen, a $6,000 deposit. A completely strict reading of the regulations would say that the director has misappropriated funds and should goto jail. But if, instead, his wife goes around town collecting money, then the building and loan can be preseved and nobody gets hurt.

Yet, even if you take away the collecting of money, it would be best not to publicize it. A run on the credit union would destroy it, whereas if they can fix the problem before anybody finds out, then, once again, it can be preserved.

When the institution is the "entire financial system" it becomes kinda important to preserve it.

Ruby the Liberal

(26,665 posts)
78. Preserve it?
Sun Jul 22, 2012, 04:28 PM
Jul 2012

As in its current form?

Glass Steagal would put me out of business (or require a dramatic shift), but I am 110% for reinstating it. If the people who have skin in this game are looking for regulation, they should be listened to, IMO.

hfojvt

(37,573 posts)
87. again, I did not say that
Sun Jul 22, 2012, 05:21 PM
Jul 2012

preserving it means that it functions, rather than falling like a house of cards.

Ruby the Liberal

(26,665 posts)
91. Yet you side with those who want no regulation on HOW they function.
Sun Jul 22, 2012, 05:40 PM
Jul 2012

No cognitive dissonance on that?

sabrina 1

(62,325 posts)
101. So no consequences for criminal activity. Why do you think that holding people accountable
Sun Jul 22, 2012, 08:09 PM
Jul 2012

for major theft regardless if their 'wives' manage to extort money out of other people to cover for them, is a bad idea? Do you really have so little faith in the 'little people/working class' that you think that they should be shielded from knowing what a crook is running the bank where they are keeping their money?

How about this. How about we do not allow his 'wife' to cover for him by extorting money from someone else to do so. How about when we find out he has stolen the people's money, we send the police down to arrest him and replace him with an honest person??

In what possible way could NOT CREATING A CLASS of people who are above the law, hurt us 'little people'?

And how long before the perp, having found out he is above the law, does it again?

What you have described on a small scale is what has happened on a massive scale and continues to happen because thieves do not stop stealing until someone stops them.

Here, read this article from the Guardian today to see how creating a lawless society for the wealthy has affected the world: http://www.guardian.co.uk/business/2012/jul/21/global-elite-tax-offshore-economy?commentpage=36#start-of-comments

I cannot relate to your thinking at all. You are basically saying that bank robbery should not be prosecuted because it might be harmful for the Bank's reputation if we catch and prosecute the thieves so it's best to let someone go collect money to cover for the thief and all will be well??

Unbelievable. No wonder they get away with it.

hfojvt

(37,573 posts)
131. well, the wife in the story was
Mon Jul 23, 2012, 12:12 AM
Jul 2012

Mary Hatch, and the bank was the Bailey Building and Loan.

If you perhaps catch my drift. (and if not, then this should clarify things http://www.democraticunderground.com/?com=view_post&forum=1002&pid=162723) Although I got the amount wrong. It was $8,000

One of the things about a functioning society, is that all of our systems only work because people do not all use them at the same time.

Our highways only work because everybody is not trying to drive on them at the same time. Our water system only works because everybody does not turn the water on at the same time.

Our banking system only works because everybody does not withdraw their money at the same time.

"you think that they should be shielded from knowing what a crook is running the bank where they are keeping their money? "

It's not about what I think, or my faith or lack thereof in the people, I am responding to what Taibbi wrote. HE was the one who wrote that OBAMA and GEITHNER were trying to keep the financial system from collapsing. HE seems to want them to prosecute instead and damn the torpedoes, who gives a fuck if the financial system collapses, because he demands revenge on the banksters. Well considering that a collapse of the financial system would cause about as much damage, in my opinion, as a global thermonuclear war, I tend to think Obama is perhaps on the right side here, and the moral purist is wrong.

sabrina 1

(62,325 posts)
135. I know what Taibbi is saying and I agree with him. I believe in the Rule of Law.
Mon Jul 23, 2012, 01:18 AM
Jul 2012

Iceland had no problem prosecuting their crooked Bankers and Politicians, taking over the banks, going through a bit of a rough period, but now because they respected the Rule of Law, people know corruption will not be swept under the rug in that country and it is the ONLY country affected by the Global Meltdown, which is now in recovery. The law works, you have to have faith in it.

Geithner refused to answer Elizabeth Warren's questions regarding who was receiving the bailout money, AND why the money set aside to help people stay in their homes, Obama's program iow, was being held back by him.

He was quite angry that she dared to even ask about the people's money. He acted is if it was his money. Watch those exchanges between Warren, who Geithner clearly despises, sometime and tell me that Geithner should be trusted with our money. Obviously Elizabeth Warren had serious questions about that.

Geithner is now implicated in the LIBOR scanda. He also was a tax cheat, these things are facts. I do not want a journalist to ignore facts, we need the truth in order to have a society that works.

If someone commits a crime, there should be consequences. Otherwise we live in a lawless society, which many people are beginning to believe we do, at least for Wall Street. This doesn't create much confidence in this country's economy.

mattclearing

(10,109 posts)
84. You should probably read a bit more about robosigning.
Sun Jul 22, 2012, 04:49 PM
Jul 2012

It's not a matter of mere automation. It's fraud, fabricating documentation that doesn't exist in many cases.

hfojvt

(37,573 posts)
90. my guess is
Sun Jul 22, 2012, 05:31 PM
Jul 2012

that there's been much written about robosigning, by people who don't know crap about what is actually going on, but they love to yell fraud, because it gets the readership fired up.

Lots of these people yelling fraud have been foreclosed on, and they want to find some way out of it. Some technicality that will let them keep their house - IN SPITE OF, the fact that they haven't made their damned payments. Well, that's what I consider to be fraud.

hfojvt

(37,573 posts)
133. thee's one legitimate legal means to keep your home
Mon Jul 23, 2012, 12:37 AM
Jul 2012

it's called making your frigging mortgage payments.

Now, I sympathise with people who can't make their mortgage payments (mostly), but the general rule is, if you cannot make your mortgage payments, even if that is through no fault of your own, you don't get to keep your house. Skipping out on payments and then trying to find some legal technicality of some i that was not dotted or t crossed to allow you to still keep a home that you have not paid for. Yeah, that does not seem very honest to me.

sabrina 1

(62,325 posts)
111. You might want to read what the bi-Partisan Senate Committee, chaired by Sen. Levin
Sun Jul 22, 2012, 09:20 PM
Jul 2012

thinks about robo-signing. Or what several judges in cases brought to court where it was initially discovered think of it.

Or maybe ask one of the victims, such as a friend of mine, whether they think it was fraud or not.

Or what NY State's US Attorney thinks of it.

that there's been much written about robosigning, by people who don't know crap about what is actually going on, but they love to yell fraud, because it gets the readership fired up.


Yes, those judges and US Attorneys and Senate Committees 'don't know crap' about what they were doing.

hfojvt

(37,573 posts)
132. oh well, if it is the Senate, I guess that settles it
Mon Jul 23, 2012, 12:28 AM
Jul 2012

Since Senators are never wrong, and never posture for political reasons. You can always trust a bi-partisan vote, like, for example, the Iraq War invasion vote or the vote to extend the Bush tax cuts for two years or the vote to extend payroll tax cuts.

Here's what Levin and robosigning led me to http://donpolson.blogspot.com/2012/02/robo-signing-settlement-seeds-of.html

Not saying I know how accurate it is, but I found this to be kinda interesting.

"For the rest of us who fortunately are not in foreclosure, however, the potential value of the settlement will be to lay the foundation for recovery of the housing market and, therefore, the economy at large. According to the research firm LPS Analytics, the average home in foreclosure has been delinquent for 674 days—a delay that has doubled since the exposure of the robo-signing scandal ground the foreclosure process to a halt. In Florida, the time from default to foreclosure now exceeds 1,000 days. During that time the homeowner can live rent-free—or even better, as news reports indicate that some of those in foreclosure will rent out the home to a tenant while the foreclosure is pending (sometimes resulting in a surprise to the unsuspecting tenant when the bank shows up to evict him)."

and

"But mere pursuit of newspaper headlines by politically-ambitious politicians or financial windfalls for borrowers who suffered no tangible harm should not come at the expense of the rest of us and the economy at large. It may feel like justice when banks are forced to pay out billions of dollars to deadbeat homeowners, but that money has to come from somewhere—typically the rest of us, who face higher bank fees and reduced access to credit as a result. In turn, this will continue to stifle a housing market recovery and exert a drag on the economy."


sabrina 1

(62,325 posts)
134. Yes, well we don't need the Senate or Judges or States Attorneys to tell us that
Mon Jul 23, 2012, 01:08 AM
Jul 2012

if someone forges a signature on a legal document, that it IS fraud. Or are you saying it is not? And if they do it over and over again and they do it across the country, that is massive fraud.

http://www.nolo.com/legal-encyclopedia/false-affidavits-foreclosures-what-robo-34185.htm
False Affidavits in Foreclosures: What the Robo-Signing Mess Means for Homeowners

What is Robo-Signing?

Typically, in a judicial foreclosure state, the lender proves the requisite facts by submitting documents and a written statement signed under oath (called an affidavit) by a person (usually a bank employee) who has reviewed the documents and who is supposed to have some personal basis for believing the facts to be true. The idea is to prevent foreclosures on homes where the foreclosing bank cannot prove that it actually owns the mortgage (which is more common than you might think) or where the homeowner is not actually in default to the degree asserted in the foreclosure papers.

It came to light that several large banks routinely used affidavits signed by employees who did not personally review the documents and had no basis for believing that the homeowner was in default or that the bank owned the loan. Employees for financial giants like Bank of America, JP Morgan Chase, Wells Fargo, and GMAC have all testified that they signed many thousands of affidavits a month, spending about 30 seconds on each affidavit, and that they didn't have a clue regarding the veracity of the affidavit or the documents in question -- hence the name "robo-signers."

What Effect Does a False Affidavit Have on the Foreclosure Process?

Banks cannot legally foreclose on a house if the foreclosure paperwork is not in order. This means that if the affidavit a bank submits is false -- as any affidavit completed by a robo-signer would be -- the foreclosure should not go through. Of course, the reality is that banks have foreclosed on thousands of properties based on just such false affidavits. But now that the issue has come to light, business is not always as usual.


Levin was explaining the fall-out from the Robo-signing scandal. Which will probably continue for years. If it was not illegal, then why did the Banks make a settlement rather than try to pay off all the people they scammed this way? Some homes WERE illegally fore-closed on as a result of this crooked practice, and sorting out which ones were and which were not is going to cost years of time and who knows how much money?

It seems to me that if I forge a legal document pretending to be someone I am not, I am committing a crime. It's really not hard to figure out. It seems to me that it is you who 'does not know crap' as you put it, about this scandal. Be thankful you did not wrongfully lose your home because some Bank was rubber-stamping illegally, false documentation without even checking if you were in default.

The term 'robo-signing' means that people, such as temp workers with no knowledge of what they were signing, signed legal documents like 'robots'.

Do you still claim this was not a crime?

hfojvt

(37,573 posts)
141. the article did not describe a forgery
Mon Jul 23, 2012, 09:49 AM
Jul 2012

it describes a stream-lined process at an over-worked bank.

So the signer did not spend much time reviewing what they signed. So what? Presumably other people were reviewing it, and then bringing it to that higher official to sign.

Thus

"This means that if the affidavit a bank submits is false -- as any affidavit completed by a robo-signer would be -- the foreclosure should not go through."

that is not true. Because the affadavit was completed by somebody else, a low level employee, inspector #5, and only signed by a bank officer.

As for why the banks made a settlement, well that is simply a fact of our "justice" (or legal) system. If X sues Company Y, whether they have a legitimate case or not, whether truth and justice are on their side or not, it costs lots of money for Company Y to defend themself. Further, they cannot be sure of not getting an unsympathetic judge or jury. They could get a bunch of people on the jury who hate banks, and further, who are sucked in by a bunch of anti-bank nonsense which is presented by the plaintiff. The plaintiff, of course is a grandmother and a veteran who owns puppies and bakes cookies.

Then there is the "rule of law".

Well, wouldn't you know, that I cannot find my copy of "Doorways in the Sand" that I wanted to quote. So never mind. You probably have not read that book anyway, and are a purist about "rule of law" (probably only when it suits you). So, never mind. We probably disagree about the facts of life.

sabrina 1

(62,325 posts)
148. Lol, 'robo-signing was a stream-lined process'!
Mon Jul 23, 2012, 01:09 PM
Jul 2012

I don't think even the banks tried to get away with that as an excuse for fraud.


So the signer did not spend much time reviewing what they signed. So what? Presumably other people were reviewing it, and then bringing it to that higher official to sign.


Except that is not what happened. Where in the article, and there are now literally thousands of articles on this massive fraud that took place with robo-signing, does it say that anyone other than these temps who knew nothing about what they were signing, passed it along to someone who did?

Did you follow the Florida case where this was first revealed, and see what happened to the Law Mill responsible for this fraud?

No one has ever tried to excuse this. Not the banks, not the law mills, no one, because it was Fraud.

 

avaistheone1

(14,626 posts)
58. Sorry, I really like Taibbi. I think he is a great ground-breaking journalist.
Sun Jul 22, 2012, 03:18 PM
Jul 2012

Like him. Like him. Like him.

marmar

(79,741 posts)
62. I know you said you work in the financial services industry.......
Sun Jul 22, 2012, 03:33 PM
Jul 2012

...... are you worried that Matt Taibbi, by virtue of telling the truth, is going to impact your livelihood?


................................................


from Rolling Stone:
by Matt Taibbi


Something very interesting is happening.

There’s been so much corruption on Wall Street in recent years, and the federal government has appeared to be so deeply complicit in many of the problems, that many people have experienced something very like despair over the question of what to do about it all.

But there’s something brewing that looks like it might be a blueprint to effectively take on the financial services industry: a plan to allow local governments to take on the problem of neighborhoods blighted by toxic home loans and foreclosures through the use of eminent domain. I can't speak for how well the program will work, but it's certaily been effective in scaring the hell out of Wall Street.

Under the proposal, towns would essentially be seizing and condemning the man-made mess resulting from the housing bubble. Cooked up by a small group of businessmen and ex-venture capitalists, the audacious idea falls under the category of "That’s so crazy, it just might work!" One of the plan’s originators described it to me as a "four-bank pool shot." ..............(more)

The complete piece is at: http://www.rollingstone.com/politics/blogs/taibblog/from-an-unlikely-source-a-serious-challenge-to-wall-street-20120720#ixzz21IxBhKnt




sabrina 1

(62,325 posts)
71. Already done, which is likely what led to this OP
Sun Jul 22, 2012, 04:19 PM
Jul 2012
http://www.democraticunderground.com/1002994844

Someone dug deep to find a reason to slam Taibbi when their posts in that thread didn't work.

Ruby the Liberal

(26,665 posts)
70. Yeah, they are scared.
Sun Jul 22, 2012, 04:10 PM
Jul 2012


From that:

For instance, the Wall Street trade association, SIFMA, this past week issued a denunciation of the eminent domain plan that includes a promise of a legal challenge. “We believe the MRP proposal is unlikely to survive a judicial challenge,” one of SIFMA’s lawyers wrote. Other trade groups are lining up to describe the tactic as illegal or "unconstitutional."

More insidiously, however, SIFMA pledged that its members will not allow future home loans originated in counties that use the eminent domain tactic to participate in something called the To-Be-Announced (TBA) markets for mortgage-backed securities. Explaining this would require a sharp detour into a muck of inside-baseball mortgage terminology, but the long and the short of it is that SIFMA is promising to make it difficult for any community that tries this tactic to obtain private mortgage financing in the future.

sabrina 1

(62,325 posts)
100. They are so blatantly obvious. It reminds me of another Taibbi article about how
Sun Jul 22, 2012, 08:01 PM
Jul 2012

Wall Street learned from the Mafia, probably still available on RS.

They are outright threatening people not to even try to improve the conditions that are keeping this economy stagnant and ruining the lives of so many people.

Threats, bribes but no solutions for the 'little people', all to protect their obscene hoards of money most of which, according to today's Guardian article, is hidden in offshore accounts avoiding taxes and serving no purpose, certainly not 'creating jobs' for which they get so many tax breaks already.

I am thinking that this small group of people who are hoarding so much of the world's wealth, are seriously disturbed, don't know what the name for their condition would be, but how on earth did we ever let them get control of the world they have?

Ruby the Liberal

(26,665 posts)
109. I call that condition "greed"
Sun Jul 22, 2012, 09:10 PM
Jul 2012

and it is a sickness.

How did we let them get control? With greed comes a psychopathic need for power, I guess. Personally, I think the die was cast with Southern Pacific v Santa Clara County.

Ruby the Liberal

(26,665 posts)
118. That is the case that gave us "corporations are people".
Sun Jul 22, 2012, 09:45 PM
Jul 2012

Not in the ruling, but in a note by a clerk left in the file. It has been taken as gospel/precedent ever since, even though it wasn't an official part of the case.

sabrina 1

(62,325 posts)
123. Ah, okay I remember now.
Sun Jul 22, 2012, 09:55 PM
Jul 2012

That they used that case to back up the ridiculous assertion that 'corporations are people' shows the lengths to which they will go to achieve their goals.

 

Tierra_y_Libertad

(50,414 posts)
65. "News is what somebody somewhere wants to suppress; all the rest is advertising." ~ Lord Northcliffe
Sun Jul 22, 2012, 03:36 PM
Jul 2012
 

Marr

(20,317 posts)
81. It's sad how you're "forced to defend Wall Street" from... what was the phrase you used?
Sun Jul 22, 2012, 04:38 PM
Jul 2012

"Scurrilous attacks from the left", I believe? Something like that.

 

Marr

(20,317 posts)
97. Ah-- there you go.
Sun Jul 22, 2012, 06:58 PM
Jul 2012

I wonder how long it takes a professional troll to be assigned a new site, once they're banned from one?

1MeanBean

(7 posts)
88. I worked for a huge bankster investment bank and Taibbi is TELLING THE TRUTH!
Sun Jul 22, 2012, 05:23 PM
Jul 2012

Sorry dude but Taibbi is dead on. Obama and his administration is not what you think it is. Trust me...I know stuff that is only now making news. This is bigger than you can think and both parties are to blame. I've lost all faith and trust in the system. No politician will save you.

Response to banned from Kos (Original post)

 

stevenleser

(32,886 posts)
103. I dont think he lied, I think part of his conclusion is forced. I think he particularly got it right
Sun Jul 22, 2012, 08:37 PM
Jul 2012

when he said:

There is ample evidence out there that the Obama administration has eased up on prosecutions of Wall Street as part of a conscious strategy to prevent a collapse of confidence in our financial system


That is, I think what is really going on here if the administration is really going easy on prosecutions. I think they are trying to prevent fraud going forward and trying to prevent a complete collapse of confidence. Taibbi said this but softpedaled it while amping up suggestions of bad intentions. There are few greater crises a market can have than a complete collapse of confidence in it. If you talk about a collapse of confidence, it is a big deal.

limpyhobbler

(8,244 posts)
113. I agree with the previous 100 people who posted.
Sun Jul 22, 2012, 09:27 PM
Jul 2012

Not the reaction I would have expected, but I'm happy to see it.

sabrina 1

(62,325 posts)
115. That's because people are familiar with the old
Sun Jul 22, 2012, 09:39 PM
Jul 2012

'I love Obama and now that I got that out of the way I can say whatever I want about Progressives and Liberals and no one can challenge me'. That got old pretty fast. I guess word got around that if you have an Obama avatar or Che or whatever and you repeatedly claim your 'love' for the President, the door will be wide open for you.

I guess there are a few who buy it, but the majority of DUers are not that stupid

 

WillyT

(72,631 posts)
125. I'm Still Confused...
Sun Jul 22, 2012, 10:02 PM
Jul 2012

Why would a member here argue over a post that is 7 or 8 months old?

I did not see a lie, anywhere, and I wonder why someone would go out of their way to dredge up articles from months ago to make some sort of current point.



Chisox08

(1,898 posts)
145. What was the lie?
Mon Jul 23, 2012, 11:42 AM
Jul 2012

Are you being forced to protect the poor, poor, defenseless banksters again?

earthside

(6,960 posts)
154. Taibbi is correct; you're wrong.
Mon Jul 23, 2012, 02:12 PM
Jul 2012

Pres. Obama's failure to prosecute Wall Street fraud and corruption is the biggest failure of his presidency.

And, sadly, letting Wall Street and the mega-transnational corporations get away with their crimes may lead to his defeat in November (because the corruption of the banking and financial system is the main reason unemployment/underemployment is stuck at 20 percent).

It might be unpleasant to face the reality of our economic and political plutocracy, but there it is.

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