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Related: About this forumThe "Cromnibus Bill" & Matt Taibbi's Reporting Proven TRUE..Moyers & Company Report
Published on Feb 1, 2013 and Worth the Watch!: grouphug:
Rolling Stone's Matt Taibbi joins Bill to discuss the continuing lack of accountability for "too big to fail" banks which continue to break laws and act unethically because they know they can get away with it. Taibbi refers specifically to the government's recent settlement with HSBC -- "a serial offender on the money laundering score" -- who merely had to pay a big fine for shocking offenses, including, Taibbi says, laundering money for both drug cartels and terrorist-connected banks in the Middle East.
Taibbi also expresses his concern over Obama appointees -- including Lanny Breuer and Mary Jo White -- who go from working on behalf of major banks in the private sector to policing them in the public sector.
"The role of law isn't really the role of law if it doesn't apply equally to everybody. If you're going to put somebody in jail here in New York City for six months or a year for having a joint in his pocket, you can't let higher ranking HSBC officials off for laundering $800 million for the worst drug dealers in the entire world," Taibbi tells Bill. "Eventually it eats away at the very fabric of society."
zeemike
(18,998 posts)Moyer is great...And so is Taibbi.
mountain grammy
(26,624 posts)99th_Monkey
(19,326 posts)mountain grammy
(26,624 posts)Maineman
(854 posts)Lawlessness for all?
Joe Shlabotnik
(5,604 posts)ctsnowman
(1,903 posts)KoKo
(84,711 posts)All the excellent investigative reporting on the Banking Crises that brought the Eurozone and U.S. to its knees with Hank Paulson (literally on his knees) begging Pelosi to help bail the banks out. And, who got prosecuted? Bernie Madoff --for his Ponzi Scheme which had nothing to do with it.
All the suffering and austerity we've gone through and in the end it didn't seem to have much effect except to fine the "Too Big to Fail..To Big to Jail" Banks. And, now the Congress votes to allows the Hedge Funds to continue their Risk Trading and the taxpayers and the poor will suffer once again when the next blow out comes.