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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Metacomet who wrote (880270)	8/14/2015 4:26:18 PM
From: Broken_Clock	Respond to of 1587508

roflmao…. O'Banker….the best wall st. could buy…and yet not one bankster in jail and Holder is back in his corner office enjoying his payoff. C'mon Meta, if it was a Republican doing this chit, you would be apoplectic with anger. Because O'Banker has a "D" behind his name he get's a pass? ++++++ The true cost of the bank bailout September 3, 2010 We all know about TARP, the Troubled Asset Relief Program, which spent $700 billion in taxpayers’ money to bail out banks after the financial crisis. That money was scrutinized by Congress and the media. But it turns out that that $700 billion is just a small part of a much larger pool of money that has gone into propping up our nation’s financial system. And most of that taxpayer money hasn’t had much public scrutiny at all. According to a team at Bloomberg News, at one point last year the U.S. had lent, spent or guaranteed as much as $12.8 trillion to rescue the economy. The Bloomberg reporters have been following that money. Alison Stewart spoke with one, Bob Ivry, to talk about the true cost to the taxpayer of the Wall Street bailout. +++ Democratic Sen. Elizabeth Warren has given a damning review of President Obama’s record fighting Wall Street, accusing him and his economic team of standing behind financial giants at the expense of middle class Americans. “[The president] picked his economic team and when the going got tough, his economic team picked Wall Street,” she said in an interview published Sunday by Salon. “They protected Wall Street. Not families who were losing their homes. Not people who lost their jobs. Not young people who were struggling to get an education. And it happened over and over and over.”

To: Metacomet who wrote (880270)	8/14/2015 4:27:01 PM
From: Broken_Clock	1 Recommendation Recommended By locogringo Respond to of 1587508

rollingstone.com Over drinks at a bar on a dreary, snowy night in Washington this past month, a former Senate investigator laughed as he polished off his beer. "Everything's fucked up, and nobody goes to jail," he said. "That's your whole story right there. Hell, you don't even have to write the rest of it. Just write that." I put down my notebook. "Just that?" "That's right," he said, signaling to the waitress for the check. "Everything's fucked up, and nobody goes to jail. You can end the piece right there." Nobody goes to jail. This is the mantra of the financial-crisis era, one that saw virtually every major bank and financial company on Wall Street embroiled in obscene criminal scandals that impoverished millions and collectively destroyed hundreds of billions, in fact, trillions of dollars of the world's wealth — and nobody went to jail. Nobody, that is, except Bernie Madoff, a flamboyant and pathological celebrity con artist, whose victims happened to be other rich and famous people. Read more: rollingstone.com Follow us: @rollingstone on Twitter \| RollingStone on Facebook