Comments | the_recession: Are banks too big to jail?

nebris in the_recession

Are banks too big to jail?

Jan 24, 2013 08:45

From Salon.com
Wednesday, Jan 23, 2013 10:09 AM PST
PBS Frontline's stunning report shows how the Obama administration undermined the rule of law
By David Sirota

( Read more... )

credit default swaps, credit rating agencies, derivatives, journalism, collateralized debt, global financial trainwreck of 2007-?, 52 week lows, fraud, mortgage applications, real estate bubble, bailouts, tarps gone wild, banking sector, anatomy of a meltdown, mortgage backed securities, the great crash of 2007-2009, economic collapse, loan defaults, bank lending, crime, 'capitalism', eliot spitzer, citigroup, class war, washington, 50 state slump, obama administration, rating agencies

Comments 1

madman101 January 25 2013, 04:38:30 UTC

Both Breuer and Holder worked for the law firm, Covington & Burling, which represented Haliburton, GE, BOA, Morgan Stanley, and most significantly, Goldman-Sachs, (I believe, but I cannot find that via WikiPedia). I don't know the extent of their roles there. Through the fog of my CFS, I cannot remember much more I heard about him today, maybe it was here:

(World Banking, World Fraud - by John Cruz) - http://archives2013.gcnlive.com/Archives2013/jan13/PowerHour/0124133.mp3 - Cruz has been on other shows. Someone else was talking about him lately - maybe Norman Goldman.

David Sirota truly rocks - one of the best. But, it's a sad commentary that people only start paying attention when a serious issue finally gets to Frontline, and by that time it's very late in the game - and thence, often, that is the exposure's only "15 minutes" of fame it ever gets...