Oct 15th, 2011
Brilliantly explained...
Showing posts with label Regulatory Reform. Show all posts
Showing posts with label Regulatory Reform. Show all posts
Saturday, October 15, 2011
Friday, September 23, 2011
Friday, January 7, 2011
Taibbi Likens Wall Street To Russian Oligarchy
Jan 7th, 2011
Pretty amazing stuff:
"Question: How did your work in Moscow help you uncover hypocrisy in America?
Matt Taibbi: One of the reasons I was so attracted to this Wall Street story was when I first started looking at it in the summer of 2008, I was continually struck by how much it reminded me of a lot of the dynamic that I had seen covering the Russian government and the Russian state where there was this oligarchical system that they had over there. There were a very tiny collection of super-connected industrial figures, these oligarchs. They were bankers mostly. And there was this circular process of government gives tons of money to banker; banker then scams the public and returns money to politicians who in turn keep giving money back to the bankers. And that whole circular process is very similar to what is going on here in the States now where we have a small group of very, very politically connected banks who give massive campaign contributions to both parties and they’re rewarded with selective regulation and bailouts and then the money comes back again. I think if I hadn’t seen that in the more crude form that you see in Russia where—stuff is just right out in the open in Russia sometimes; they don’t even really hide it—if I hadn’t seen that it would have been harder for me to see this story.
Pretty amazing stuff:
"Question: How did your work in Moscow help you uncover hypocrisy in America?
Matt Taibbi: One of the reasons I was so attracted to this Wall Street story was when I first started looking at it in the summer of 2008, I was continually struck by how much it reminded me of a lot of the dynamic that I had seen covering the Russian government and the Russian state where there was this oligarchical system that they had over there. There were a very tiny collection of super-connected industrial figures, these oligarchs. They were bankers mostly. And there was this circular process of government gives tons of money to banker; banker then scams the public and returns money to politicians who in turn keep giving money back to the bankers. And that whole circular process is very similar to what is going on here in the States now where we have a small group of very, very politically connected banks who give massive campaign contributions to both parties and they’re rewarded with selective regulation and bailouts and then the money comes back again. I think if I hadn’t seen that in the more crude form that you see in Russia where—stuff is just right out in the open in Russia sometimes; they don’t even really hide it—if I hadn’t seen that it would have been harder for me to see this story.
Recorded on November 22, 2010
Interviewed by Andrew Dermont
Directed by Jonathan Fowler
Produced by Elizabeth Rodd"
Interviewed by Andrew Dermont
Directed by Jonathan Fowler
Produced by Elizabeth Rodd"
Sunday, December 26, 2010
U.S. Chamber Lobbyist Tapped To Oversee CFTC
Dec 26th, 2010
In what is one of the most wildly destructive moves by the ascending Republican leadership of the 112th Congress so far, Ryan McKee, a U.S. Chamber of Commerce lobbyist devoted to blocking new policies that might have prevented the derivatives scandals of the past several years and their corresponding international fallout has been tapped to oversee the Commodity Futures Trading Commission.
Insert your analogy here. Read more at Politico, Think Progress, AlterNet.
Insert your analogy here. Read more at Politico, Think Progress, AlterNet.
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