General Discussion
In reply to the discussion: I see people like Glenn Greenwald, Matt Taibbi and Cenk Uygur are being attacked in a big way [View all]banned from Kos
(4,017 posts)He wrote:
"What makes Obamas statements so dangerous is that they suggest an ongoing strategy of covering up the Wall Street crimewave. 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, with the expected 50-state foreclosure settlement being the landmark effort in the cover-up, intended mainly to bury a generation of fraud."
Read more: http://www.rollingstone.com/politics/blogs/taibblog/obama-and-geithner-government-enron-style-20111220#ixzz1iDUeXVJ1
Taibbi is full blown moonbarking nuts now. Obama has gone from Goldman accessory (although TARP was Paulson/Bush) to orchestrating a system wide cover-up to prevent a total collapse of our financial system.
"If Geithner and Obama really wanted to convince the world that Americas markets werent broken, they would effectively police fraud, and by extension prove to everybody that at the very least, our regulatory system is not broken.
But by taking a dive on fraud, and orchestrating mass cover-ups like the coming foreclosure settlement fiasco, what theyre doing instead is signaling to the world that not only are our financial markets corrupt, but our government is broken as well."
Read more: http://www.rollingstone.com/politics/blogs/taibblog/obama-and-geithner-government-enron-style-20111220#ixzz1iDVfy411
And Taibbi can't stop. Obama is taking a "dive" on reform? What about Dodd-Frank and Elizabeth Warren's CFPB? Oh, that is just a rubjob, he will lament. Can't have my rubes thinking on their own! They might quit buying the swill I sell!
And I read your link to Taibbi's reply to Sorkin. He admitted he had no evidence that Blankfein perjured himself as he previously maintained. Sorkin is right.