Matt Taibbi On The SEC Covering Up Wall Street Crimes

[doctender77]

It kills me that videos like this will top out at most at 5,000 views. Meanwhile cats doing things cats do, super snarky kids talking about those cats, and Lady Gaga doing whatever the hell she does get MILLIONS of views. I suppose that's why the greatest bank heists in the history of the world will not only go unpunished but will continue. And to top it off the perpetrators will get ever larger payouts as evidenced by the 27% increase in CEO pay last year. USA USA USA

[julsHz]

"Corruption charges! Corruption? Corruption is government intrusion into market efficiencies in the form of regulations. That's Milton Friedman. He got a goddamn Nobel Prize. We have laws against it precisely so we can get away with it. Corruption is our protection. Corruption keeps us safe and warm. Corruption is why you and I are prancing around in here instead of fighting over scraps of meat out in the streets. Corruption is why we win. "

From the movie Syriana

[Roonskii]

A month ago, the Republican-controlled appropriations committee cut the Securities and Exchange Commission’s fiscal 2012 budget request by $222.5 million, to $1.19 billion (the same as this year’s), even though the S.E.C.’s responsibilities were vastly expanded under the Dodd-Frank Wall Street Reform and Consumer Protection Act.

[Roonskii]

@Roonskii The S.E.C. is the nation’s front-line defense against financial fraud.

As a Watchdog Starves, Wall Street Is Tossed a Bone_NYTimes

[FriedDaisy]

The majority of those who walk the halls of federal & upper level state governments, the shysters on Wall Street, the banksters, the upper management of big businesses & the upper echelon of institutions of consequence-- universities, law firms, money laundering foundations & exclusive societies, etc, etc-- are made up of an interwoven web of wealthy families, their "friends" and close business associates who create public policy & laws to benefit THEM, the minority; and not US, the majority.

[rickbar123]

@FriedDaisy someday this system will make it easy to hunt them

[deepfriedchocobo]

pretty sad times when rolling stones is doing the only true journalism

[Roonskii]

@deepfriedchocobo and The Nation!

[biggydx]

I swear Matt Taibbi is one of very few investigative journalists left.