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Matt Taibbi on Wall Street's Weeps and Whines

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Rolling Stone's Matt Taibbi discusses Wall Street's recent whining about how terribly the Obama administration is supposedly treating them that John wrote about here -- Wall Street Masters still Whining about Obama's words even after the bail out. It's all GOP for them now.

Since the story is as mutually beneficial to the administration as it is to the thieves on Wall Street, Taibbi thinks it easily could have been either of them that decided to plant the story with the hacks at Politico.

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Stupid Git's picture
Dow

After 8 years of Clinton: 10,952 (02/28/01)

After 8 years of Bush: 7,062 (02/27/09)

After 2 years of Obama: 11,382 (12/3/10)

I wish Obama was as "mean" to Main Street as he is to Wall Street.

reluctant leader's picture

The US stock market is an HFT scam, propped up the federal reserve. The big banks with their big computers front run everything and steal on a daily basis while the SEC sits by and does nothing.

The stock market is used for hostage taking when things don't go the banks way. Want to deny bailing out the banks? We'll crash the market. Want to pass regulations? We'll crash the market. Want to tax the rich or take away our loopholes? We'll crash the market.

Yeah, when the Fed throws money at something, people can make a few bucks, but that certainly doesn't mean the stock market is healthy or properly valued.

Stupid Git's picture

I know it doesn't measure our economy but I posted that because it shows the hypocrisy of banks saying OBama is against them. They are making a killing with Obama's policies.

That's why I stated I wish Obama was as "mean to Main Street as he is to Wall Street. If his policies toward us were a fraction as generous in regard to investment, stimulus and bailout our nation's working class may have a fighting chance.

Handypants's picture

Why put on the "Obama is as bad as the Wall street theives" BS?

Do you really believe it?

I know Matt might think so but I do not agree with him.


"I know that there are people who do not love their fellow
man, and I hate people like that!
" ~ Tom Lehrer (1928 - )

SonOfLiberty's picture

How is it bad PR to have WS bitch at you? Heck, they have to know it. I figure they're throwing Obama a bone for helping them.

You know you're pretty low when you can sell your condemnation to the condemned... which is exactly the kind of can-do attitude we're looking for here at Goldball Sacks.

I was also somewhat confused when people were flabberghasted at the bonuses paid to bailed-out executives. I mean, the executives scored a HUGE and UNPOPULAR bail-out. If that isn't earning your bonus, what is?

Ah, the free market. Rewarding the very best of humanity. And, now it's time for Atlas to go snap a batch, as he's had his daily allotment of outrage.

ron's picture
But

Atlas shrugged.

wldj's picture

by some right-wing wierdo is somehow the conservative bible or something......? Yeah Ok I may be wrong but what does a novel by some author has politicians naming their "progeny" aka. Son after said novelist....? Rand Paul Really? and it seems this fool is proud to be named after a female novelist, nuff said maybe? Good Freaking Grief apparently stupidity is contagious and not well read. Anyway...PEACE


The love you take is equal to the love you make. John Lennon Paul Mc Cartney

katy's picture

even RON Paul was not so foresighted...

Randal Howard Paul[10] was born on January 7, 1963 in Pittsburgh, Pennsylvania to Carol Wells Paul and Ron Paul. [...] Although Ron Paul was a fan of Ayn Rand,[13] her name was not the inspiration for Paul's first name; he went by "Randy" while growing up.[14] His wife shortened his name to "Rand".

supposedly... whether Randy/Randall named himself after the female novelist is unclear... i'd guess he did.

check out that bio... what a piece of work... http://en.wikipedia.org/wiki/Rand_Paul

first time to run for public office and he makes it the United States Senate... so much for that vaunted reputation...

The notion that Barack Obama has in any way taken on Wall Street is laughable.

CnLfan's picture

That is precisely what will be "reported" by the media, en masse and according to the script.

jcgrim's picture

Not content with free money from the bailouts, the next frontier for Wall Street is getting access to the funding stream for public schools.

http://www.schoolsmatter.info/2010/12/to-star...

Here's an excerpt from the article

In April, 1999, the Wall Street financiers at Merrill Lynch published a 193 page “In-depth Report” titled “The Book of Knowledge, Investing in the Growing Education and Training Industry.” Early in the report they noted: “The K-12 market is the largest segment of the education industry with approximately $360 billion spent annually or over $6,500 per year per child. Despite the size, the K-12 market is the most problematic to invest in today. Entrenched bureaucracies and personal and political interests contribute to the challenges facing this sector.”

Public schools HAVE to fail in order to crack open this egg and give these financiers access to the $360 billion they are after (estimates are that it is around $700 billion today).

bobby rubin jr.'s picture

wouldn't want the fourth wall of the greatest kabuki theater ever to come crumbling down after a McChrystal style "too much to drink" interview.

"What are you fucking kidding me? We love this guy! That's why we installed his ass! The kid's a fucking Marine. He could have jumped ship and ratted us all out. But he's a good little boy and he follows orders like a champ. He's smart too...that Warren lady scares the shit out of the cigar bar, but he told us she'd be a toothless bone to throw the libtards. The guy's good."

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