US probes banks over recession - Democratic Underground

Donnachaidh

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Thu Jun-02-11 06:19 AM
Original message

US probes banks over recession

Run time: 02:18
https://www.youtube.com/watch?v=GXkMLa3v1yc

Posted on YouTube: June 02, 2011
By YouTube Member: AlJazeeraEnglish
Views on YouTube: 184

Posted on DU: June 02, 2011
By DU Member: Donnachaidh
Views on DU: 444

report on the probe of too big to fail

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lib2DaBone

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Thu Jun-02-11 06:35 AM
Response to Original message

1. The Repukes dismantled Glass-Steegal....

Edited on Thu Jun-02-11 06:40 AM by lib2DaBone

Then sold billions in worthless CDO'S and Derivatives all over the globe.

BTW... $33 Trillion of these Derivatives are coming due on the world market. These CDOs are out there... just waiting to pop and no bailout is going to be big enough.

I think that's why the Repukes want to grab the Social Security Cash and Medicare Money. They KNOW what is coming and they want to have "get out of town" money in their pocket before it comes crashing down. TRB (typical Republican behavior).

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JDPriestly

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Thu Jun-02-11 10:44 AM
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2. It's a whitewash.

Regardless of the crime, you can blame it on systemic failures.

There are, for example, inherent problems in relationships in families. That doesn't mean that we don't prosecute and punish those who abuse their spouses.

There will be no real investigation, no real housecleaning. It will be same old same old until the bankers and wealthy among us have grabbed everything, and no one else has anything.

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