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Showing videos filed under: taibbi
Goldman's Coup
July 16, 2009“They frankly own the place,” Dick Durbin said back in April referring to the power that banks hold over policy decisions in Washington. If they own the place, presumably they can make the rules. But as Goldman Sachs brings in record profits and prepares to dole out handsome bonuses to employees and executives, many are lauding the company's willingness to take risks.Goldman's Coup, David Corn on Sotomayor, and The Real Janet Napolitano
July 15, 2009“They frankly own the place,” Dick Durbin said back in April referring to the power that banks hold over policy decisions in Washington. After earning record profits in the last quarter the company is being lauded for taking risks. But are they risk takers or coup makers? Matt Taibbi, Mike Lux, and Robert Johnson on Goldman's profits. Mother Jones Washington Bureau Chief David Corn on the Sotomayor hearings. And Jane Napolitano's Friday afternoon announcement that the Office of Homeland Security would be expanding law enforcement capabilities to deport immigrants hasn't gotten the attention it should. Aarti Shahani brings us an update.The F Word: Strangling the Vampire Squid
July 15, 2009there's very little of substance in the pipeline for vulnerable Americans. Look around, is there any meaningful plan in place to help a working family you know? Do people really believe that shoring up banks will improve their lives? Barack Obama is playing a treacherous game: what are all those political wizards in the West Wing thinking? That people will listen to pleas for patience, forever?GRITtv Live at Noon: Goldman Sachs: Brilliance or Bubble Machine?
July 15, 2009MATT TAIBBI, ROBERT JOHNSON, and MICHAEL LUX on Goldman Sachs's record profits, the company's big bonus plans, and how backroom deals and taxpayer dollars were used to resuscitate the banking industry. Are they simply bold risk takers or the most brilliant financial coup makers in the history of capitalism?The F Word: Of Breadlines and Banks
July 13, 2009President Obama was elected with a large enough mandate for fundamental change that he could forge a fresh social compact, lock in place a new set of mutual obligations and rewrite the relationship between the state and the populace. The need for change is obvious. In 2008 the official poverty line stood at a shameful $10,590 for a single person and $21,203 for a family of four. If Obama rewrites the social contract and all the rest, he might be able contain the calamity of the 2008 economic collapse. "But if he fails," as Sasha Abramsky writes, "that calamity will haunt the next several decades..."Gary Gensler: The Final Straw?
March 25, 2009The economic crisis isn't about money. It's about power. It's not that the government wasn't working hard as the crisis grew. It was working for the banks.
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