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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsMatt Taibbi: Breaking Up Banks 'Should Be The Holy Grail Of Activist Goals'
from HuffPost:
Calling all activists! Calling all activists! Matt Taibbi has a cause for you to rally around.
The progressive darling and Rolling Stone contributor said that breaking up the banks should be the Holy Grail of activists goals in an Ask Me Anything on Reddit Thursday.
Again, to repeat, breaking up the banks is the big thing, he typed to Reddit users. That should be the Holy Grail of activist goals. Everything flows from the TBTF problem. If that can be accomplished, we're off and running.
Its no surprise that Taibbi is pushing for an end to TBTF -- that stands for too big to fail, by the way -- its been a pet peeve of his for some time. He joins a variety of other big names in finance, including famed author Michael Lewis and Britains Treasury Chief George Osbourne, in calling for an end to an era in which banks are so huge their collapse could bring down the economy. ..................(more)
The complete piece is at: http://www.huffingtonpost.com/2013/02/07/matt-taibbi-reddit-ama_n_2638951.html
rhett o rick
(55,981 posts)if we dont fix the broken election system, whatever advances we make will be soon undone.
Brigid
(17,621 posts)Public financing of elections.
valerief
(53,235 posts)rhett o rick
(55,981 posts)and we dont fix the election system. The Repukes are apt to gain more control of Congress and possibly the presidency. If that happens, kiss your public financing gains goodbye.
Nothing can be fixed if we dont have free and fair elections.
Brigid
(17,621 posts)But I believe that getting the money out of our elections is the best start toward getting other reforms done, like ending jerrymandering and those scandalously long lines at polling places in some states we saw in November.
rhett o rick
(55,981 posts)campaign financing. And in 2014 the republicans steal enough elections to add to their HOR majority and manage to get a majority in the Senate. You can kiss your campaign financing bill goodbye.
With out free and fair elections, whatever progress you make will be undone when the repubs get more power.
Brigid
(17,621 posts)I think we decrease the likelihood of getting other things done, since rich Repugs have poured so much money into getting their candidates elected. I guess we have sort of a "chicken or the egg" situation here.
rhett o rick
(55,981 posts)Brigid
(17,621 posts)I haven't had Eggs Benedict in years.
rhett o rick
(55,981 posts)you got it chicken.
grahamhgreen
(15,741 posts)rhett o rick
(55,981 posts)grahamhgreen
(15,741 posts)to fix the banks we need to elect officials who will go after them!
WillyT
(72,631 posts)dreamnightwind
(4,775 posts)I agree with others here that full public financing of elections and campaigns would be the most important battle, and would eventually end TBTF. That's a tough one, though, getting corporate money out of our elections will be an unbelievably difficult (but necessary) fight. Given that, maybe we should target TBTF first, I really don't know. Both things have to happen.
Jeevus
(61 posts)What's the first thing we can all do? Legal thing. We can ALL feasibly do.
EastKYLiberal
(429 posts)Unfortunately some have one-track minds that focus on the most minuscule of issues.
Definitely near the top of the list.
Fire Walk With Me
(38,893 posts)We need to solve the riot police/beatings/arrests/felonies/FBI/DHS problem to get to the banks and end them.
upi402
(16,854 posts)Matt has a pattern of being 100% right on.
But Fire Walk With Me is 100% right too.