Matt Taibbi Explains How Wall Street Works

[Trevelyan2]

@MrFranko1470 It was one of Bush's last bills to sign before leaving office. This occurred in 2008. Do your research.

[jagratprovider]

obama was led into a room within days of taking office... the screen came down... and jfk's head fell off... a smokey voice echoes...

"any questions?"

the system is a fraud by definition

[Porkchop12123]

KNOW YOUR ENEMY!

[MrFranco1470]

Why is Matt not mentioning President Obamas' involment in setting up these loans?

[bigcheesy95]

misplaced media coverage. not misplaced outrage.

[Bobzeedo]

If you want a realistic and inside look at banking Google and read "The Banker Who Saved His Soul"

[gardner90125]

Taibbi is a true prophet in the wilderness. His reporting is dead on and needs to be heard and understood by everyone.

Go, Taibbi!

[worldishis]

@DJSexLeopard Money is a physical representation of the perception of value.The creation of the fiat currency made money "more make believe." Like that movie inception money is now a dream within a dream. The sheer magnitude and complexity of the world market reminds me of God. The existence of either is irrelevant, people believe they exist..so they do. What unequivocally exists, and ultimately matters, are the people who suffer as a result of failed economic policies. Truly disheartening.

[sydferret]

A country founded by Puritans and sea pirates and criminals.....anything can happen...



[worldishis]

3)Why has there been no legislation passed that demands oversight and regulation on the Fed? Why are they allowed to implement extremely complicated monetary instruments with potential for limitless losses that only risk the money of the United States citizens?

This is not right. I dont necessarily disagree with the Talf program in general. However, it must not be funded by OUR money. The opportunity of corruption by the Fed is too easy and untraceable!! LEGISLATION IS NEEDED!

[worldishis]

Is it quantatative easing? Quantative easing is basically a monetary instrument created by the Fed that literally creates money out of thin air. It can only be created by deflating the US currency. This begs the question:

2) So if the Fed operates out of the jurisdiction of US government intervention/regulation/oversi­ght, but is handing out extremely low risk Talf loans with the taxpayers money; how is this LEGAL? Ask yourself this question:

Continued ->

[worldishis]

The issue:

If the Fed wanted to stimulate the economy through banks lending to corporations by eliminating the risk of loss for the banks by the Fed absorbing it. Thats fine. They are a "private" company, they can do that.

At face value that is true. But, here are a few questions that one needs to ask to determine if the American people are footing the bill:

1) Where did the money come from to lend to these corporations (or the housewives of CEO's) through the Talf Loan Program?

Continued->

[lazerz4eyez]

Barack Obama serves corporate interests as assiduously as did George W. Bush. - Chris Hedges

If the America people ever allow private banks to control the issuance of their currencies, first by inflation and then by deflation, the banks and corporations that will grow up around them will deprive the people of all their prosperity until their children will wake up homeless on the continent their fathers conquered. - Thomas Jefferson

[servingswfl]

FTA: "Here you have companies that are basically evading U.S. taxes by getting Cayman Islands addresses. And we're subsidizing it by giving federal loans to these people. It's a crazy, crazy system. Like Senator Sanders said, 'The Fed has basically turned into the central bank of the world; we're no longer really engaged in developing United States interests. It's really just a series of random loans given out to various wealthy interests.'" (4:09)

[Tressco]

Heavily invest in CEPs (cake-eating permissions) & BBP (bankster body part) options...gonna skyrocket!

[Martialartyogi]

If you think Taibbi is a hero, y9ou might want to see the interview about his thoughts on 911.He is part of the shill to me.

[thundavolt]

@Martialartyogi Fuck you. I hate you single issue cunts. If someone doesn't agree with you or Ron Paul you try to tear them down. It's either that or the patriot act. Get a fucking life.

[Martialartyogi]

@thundavolt wow : ) what a warm human being you are.You must be very proud of your personal grouth.Perhaps concider a world where truth matters more than greed.911 "whatever happened"was covered up and the entire western media didnt do its mandate.and This guy did worse. He ridiculed the evedence.Truth is not selective or convenient.The world is in pain because of 911 aftermath.Truth can set humanity on a better course.I am i human issue cunt by the way.

[audas]

Hang on - lets get back to bashing Unions, Teachers, Fireman, Welfare recipients, the sick and the elderly. Jesus Matt, stay on message will ya !

[expatted]

Invest in pitchforks and torches

[the1tigglet]

can someone send me a youtube message with the congressional law that forced the bailout money dealings into the light so us ordinary folks can view when it was voted into play and who voted on it?

[watercup123456]

DON'T PAY TAXES DON'T EVEN FILE FUCK THE IRS FUCK THE FED

REVOLT REVOLT REVOLT

[gsuitter]

Thank you Matt Taibbi, Bernie Sanders and Ron Paul!

[sintruder]

It could be inflation but the fed says that they have that under control & inflation wont be a problem. Tell that to people who have been to a grocery store or pay a monthly energy bill, oh wait that stuff doesn't count when they measure the core. Keep those printing presses rolling, Obama & Bernanke will save us all! Ron Paul 2012

[Textynn]

State banks is the answer to decentralizing control of this country out of the hands of bankers. North Dakota has the only state-owned bank in the nation and they have money for their people. Imagine that. The money made and saved by having a state-owned bank is providing money for the men, women, and children of ND. What a concept. They are not going into poverty and pulling programs from their elder, sick, and vulnerable to GIVE billions of dollars to 400 of America's most wealthy leeches. .

[hollygolightly66]

Matt Taibbi is a hero jounralist. I see the WSJ tried to defend the wives but they came off as the weak apologist Murdoch hacks they are.

[Mahoivlich]

There are many homeless veterans out on the streets... but they give 30 billion to a Libyan bank.

[Textynn]

@Mahoivlich Those toy soldiers are broken. gheeeez.

[martialarm]

If there was a HIT LIST and these two ladies were on it, then these scum would be afraid to accept this stolen monies.

No one gos to jail, no-one gets penalized, no-one get hit.

Oh I forgot the poor, they go to jail, get penalized and get hit, by the cops.

[roseagain2]

Thanks Matt. Please keep talking about this!!!

[NoNORADon911]

This guy is a cock smoker, ask him about 911!

Him and Aaron Aronovich are why I stopped watching the daily show.

Colbert was always a prick, never watched him another 911 official story defender.

[matchu4444]

I work on Wall street. My name is Paul Alan. I do sit ups every morning. I can do a thousand now.

[rickbar123]

@matchu4444 Thats nice...........I think.

[danielhiryu]

@matchu4444 We need an American Psycho killing Wall St. yuppies who rob people daily and get government subsidies.

[the1tigglet]

@danielhiryu they'd only be replaced by some new upstarts just like the banks who claimed they needed the bailouts are completely filled with the new young millionaires soon to be billionaires by some other scam they'll play. You should see the Jesse Ventura show called Conspiracy Theory where he confronted those same people.

[danielhiryu]

@the1tigglet Sad enough... that is quite true.

[dhebert111]

Don`t you Americans have the right to bear arms? Do you guys think that right was inslilled so you guys would have access to fancy paperweights?

[xennelul]

when oil will not be traded in dollars anymore,hyperinflation will hit the US...

[SNIPERSTEVE420]

@xennelul thats the plan. the will be replaced as the world reserve currency, its a step in a move towards a single currency worldwide. and that equals single government.

[karenbcz22]

Jaimie Dimond of JPMorgan gives himself a 1500% raise since TARP, and no one gives a damn.

[karenbcz22]

Commentator: "So where's the outrage" ...

There is none.

The sheeple are asleep.

[iTellYouNoLie]

"The FED is turning into the central bank of the world"

exactly the plan...

>:(

[YaHuWaHservant]

FED has to be dismantled if we want to fix the economy!

[oJKBo]

poop