glad that MT is reporting - as a true journalist - on all these off-looked and misprepresented topixs tat seems so convoluded and hidden-in -a-maise -- pheniomenons
I can't understand why the average Joe doesn't get it. Instead of going after these Banksters and the politicians that support them. How can they truly believe that not taxing the rich and corporations is the way to go? To go after teachers and unions because they have benefits and OK wages which are going to be worth a lot less after inflation takes place seems completely insane. It completely goes against logic. WTF I feel like we're in the twilight zone.
Matt, I can't get enough of this information. History does seem to repeat it's self and I want insure I am informed enough so that I am not made fool of again. Keep up the great work!
Matt and Danny...damn...two of my present day heroes..for real..very few people break the Wall Street scam down like these guys. I say fuck the bankers. fuck em. I say bank with your local bank. if you have any left.
Great discussion. Danny Shecter and Matt Taibbi together is like watching Ted Williams and Mickey Mantle play ball. Should be required viewing in schools. Thanks very much for providing this. Keep independent book stores alive!!!
@Rustyshackleford08 I can't remember....but I'm paying attention now. believe me...the nut cases are in charge of the govt!! All of em..the whole lot. Every one of them save two. Ron Paul and Dennis Kucinich. My vote for a unity ticket.
@cabby696 Maybe it's possible to make money being short on commodities, but the point is that the exchanges were regulated for decades so that people/companies who were actually consuming or producing the commodities made up the vast majority of the money involved. The regulations existed to prevent outside sources of money from buying up entire supplies in order to control prices. Banks started petitioning the gov't to give out exceptions, and this encouraged massive long betting on increases
@Thisishappening i totally hear you.. I 'm simply making an observation that to say commodities are long only is like saying equities are long only. For someone as smart as Matt is to make that statement is a major brain fart to say the least
@cabby696 Not really...check your history. the commodities market was dominated by the Physical/Owners/Investors..and a small minority of speculators. It wasn't until the 90s that goldman and Morgan filed for an exemption. That led to the first crisis in 98..which was uncovered long before it happened by the genius of CFTC. It was their chief, Brooksley Born. This is nothing new at all. We are just feeling it like never before. It's time to go local. for EVERYTHING.
great stuff. finally, somebody is out there explaining the real problem: we don't have, and haven't for a long time, a "free" market. what we have is a system where bankrobbers took over the bank and camped out so long, we started to think they were running the place. and now, they are. they took our money - not in the form of tax breaks or deregulation (though they did that too), but liquid freaking money - and then whined we even asked about it. it's not a meritocracy, and it's not capitalism.
@theotocopolis Capitalism is how the bankrobbers get in position to do this shit. It's disingenuous when capitalism lovers pretend capitalism isn't happening and thus is not to blame for any of our problems.
@atlien991 if that were true, we'd have the only form of capitalism, and all others would have the same problems or be on their way there. whereas in reality, foreign banks have had problems only because they bought our unregulated mortgage derivatives.
for years, americans of every political flavor have insisted on seeing all markets on a line between endpoints of bolshevik communism and the holographically concealed mountain fortress in atlas shrugged. your comment betrays the same error.
"Obsession with 'facts' often covers over the meaning of things." Thank you, Danny.
not2tees 2 weeks ago
glad that MT is reporting - as a true journalist - on all these off-looked and misprepresented topixs tat seems so convoluded and hidden-in -a-maise -- pheniomenons
blessedfrog 2 weeks ago
thank you for sharig this xoxoxo
blessedfrog 2 weeks ago
Lord knows, I don't read RS for the music anymore.
SuperGogetem 1 month ago
Let's get millions of people together and sue the Wall Street Bankers.
experience567 3 months ago
Matt's one of the few who speaks it like it is. It's been like Idiocracy come to life the last several years.
slettea331 5 months ago 3
Thank you, Matt Taibbi.
subterfuge424 8 months ago 5
isn't the squid thing an oblique reference to the facehugger from "alien"? something for the factcheckers to consider vis-a-vis blood funnels...
highway234 8 months ago
BUSTED A FAT LOAD OF SPUNK TO THIS
TheJay9002 9 months ago 3
I can't understand why the average Joe doesn't get it. Instead of going after these Banksters and the politicians that support them. How can they truly believe that not taxing the rich and corporations is the way to go? To go after teachers and unions because they have benefits and OK wages which are going to be worth a lot less after inflation takes place seems completely insane. It completely goes against logic. WTF I feel like we're in the twilight zone.
secretbubba3 9 months ago 3
Matt, I can't get enough of this information. History does seem to repeat it's self and I want insure I am informed enough so that I am not made fool of again. Keep up the great work!
howellrvp 9 months ago 4
Matt and Danny...damn...two of my present day heroes..for real..very few people break the Wall Street scam down like these guys. I say fuck the bankers. fuck em. I say bank with your local bank. if you have any left.
davehutchinson67 11 months ago 2
Money isn't real. Just like god it's nothing more than a human abstraction.
Watch, "Alan Watts - Money" and wake up from your slumber.
MrSammo1 1 year ago
@MrSammo1 Are abstractions real?
Imperativism 1 year ago
@Imperativism Watch the video and you tell me.
MrSammo1 1 year ago
Matt Taibbi is the main reason I still have a subscription to RS.
cri8tor 1 year ago 12
@cri8tor exactly
ianjcsocal 11 months ago
Great discussion. Danny Shecter and Matt Taibbi together is like watching Ted Williams and Mickey Mantle play ball. Should be required viewing in schools. Thanks very much for providing this. Keep independent book stores alive!!!
TheJJK007 1 year ago 4
Damn! I'd love to poke that chick!!!
ManRealThe 1 year ago 7
the intro girl is sexy + Danny looks so distracted.
kidluna 1 year ago 2
The tea party didn't start with Rick Santelli, it started with Ron Paul, then the movement was taken over by the Neoo Cons.
Rustyshackleford08 1 year ago 5
@Rustyshackleford08 I can't remember....but I'm paying attention now. believe me...the nut cases are in charge of the govt!! All of em..the whole lot. Every one of them save two. Ron Paul and Dennis Kucinich. My vote for a unity ticket.
davehutchinson67 11 months ago
He is not correct about commodities... Fortune have been made by as many who have been short commodities and long
cabby696 1 year ago
@cabby696 Maybe it's possible to make money being short on commodities, but the point is that the exchanges were regulated for decades so that people/companies who were actually consuming or producing the commodities made up the vast majority of the money involved. The regulations existed to prevent outside sources of money from buying up entire supplies in order to control prices. Banks started petitioning the gov't to give out exceptions, and this encouraged massive long betting on increases
Thisishappening 1 year ago 2
@Thisishappening i totally hear you.. I 'm simply making an observation that to say commodities are long only is like saying equities are long only. For someone as smart as Matt is to make that statement is a major brain fart to say the least
cabby696 1 year ago
@cabby696 Not really...check your history. the commodities market was dominated by the Physical/Owners/Investors..and a small minority of speculators. It wasn't until the 90s that goldman and Morgan filed for an exemption. That led to the first crisis in 98..which was uncovered long before it happened by the genius of CFTC. It was their chief, Brooksley Born. This is nothing new at all. We are just feeling it like never before. It's time to go local. for EVERYTHING.
davehutchinson67 11 months ago
great stuff. finally, somebody is out there explaining the real problem: we don't have, and haven't for a long time, a "free" market. what we have is a system where bankrobbers took over the bank and camped out so long, we started to think they were running the place. and now, they are. they took our money - not in the form of tax breaks or deregulation (though they did that too), but liquid freaking money - and then whined we even asked about it. it's not a meritocracy, and it's not capitalism.
theotocopolis 1 year ago
@theotocopolis Capitalism is how the bankrobbers get in position to do this shit. It's disingenuous when capitalism lovers pretend capitalism isn't happening and thus is not to blame for any of our problems.
atlien991 1 year ago
@atlien991 if that were true, we'd have the only form of capitalism, and all others would have the same problems or be on their way there. whereas in reality, foreign banks have had problems only because they bought our unregulated mortgage derivatives.
for years, americans of every political flavor have insisted on seeing all markets on a line between endpoints of bolshevik communism and the holographically concealed mountain fortress in atlas shrugged. your comment betrays the same error.
theotocopolis 1 year ago
@theotocopolis very well said on endpoints.
johnscenic 1 year ago
Taibbi rocks and this should have more than 1,394 views
glund01 1 year ago
Best book I've read this year. Fantastic.
john02116 1 year ago
verrry interesting
johnstonalligator 1 year ago
Thanks so much for posting this. It's rare to find a long program with Taibbi. I wish he'd do some lectures.
twolegsnotail 1 year ago 2
Excellent conversation. Matt is our generation's Thomas Paine
Cuchifrito 1 year ago