Rolling Stone’s Matt Taibbi & former financial regulator William Black discuss the government’s recent $8.5 billion settlement with TBTF banks including Bank of America and JP Morgan over foreclosure fraud and robo-signing.

Taibbi argues the government did not just bail out Wall Street, but also lied on the financial sector’s behalf, calling unhealthy banks healthy and helping banks cover up how much aid they were getting. The settlement will end an independent review of all foreclosures, meaning the banks could be avoiding billions of dollars in further penalties, in addition to criminal prosecution.

 

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  1. There is JUST NO END to the outright FRAUD this administration is willing go to in order to reach their objective of destroying this country, its financial health, and creating a New World Order.  Anyone not seeing this is either sight impaired, brain impaired, or using controlled substances in large quantities…..

    • This is NOT an administration.  It is a regime.  But you’re right that these guys are lower than whale crap at the bottom of the Marianas Trench.

  2. If the MSM were not so utterly corrupted by these same TBTF banks and government subsidies the average Joe would know what has been and is being done to them. As it is, the control and flow off nearly all information to the public is still going through the MSM and disseminated by info babes and talking heads that can smile as they lie, tell you how wonderfull everything is, it says so on the teleprompter. Keep Calm and Slave On. It’s like that line in the movie Gladiator. He’ll bring them death and they’ll love him for it.

  3. I am all for revolutions and everything spelled out in the Declaration of Independence once government has stepped over its bounds, but keep in mind this is exactly what the One World Government folks want. 

    They want mass chaos, mass violence, and extreme polar opposites to rise up and fight each other. Our Founders who recognized our right to revolt were very cautious under what circumstances this should happen under. (ie president declaring himself a king or dictator, etc)
    Yes, our government has done some pretty sadistic things the last 5 years under obama and even some under Bush, but these are things we can FIX under electing the right leadership. 
    The reason revolt is so dangerous is because there are at times no law during the revolting process and the worst degenerates of society and the ones with the means (whether they have an understanding of Republicanism or not) tend to try to allocate the lost power of the former authority. 

    We could very well revolt and find ourselves in a much worse governing situation than before anything we have now. We must as citizens under the Constitution, exhaust all means necessary to right this ship back to the origins of our Republic before any Revolution takes place. Keep in mind many of the French had the same plans for freedom, liberty, and a republic when they revolted and look how that turned out.

    Not trying to be snarky, just something to think about.
     

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