Stop protecting Wall Street bankers from Main Street

Salon by Bill Moyers, Michael Winship | Apr. 9, 2009 (Opinion)
The president needs to stop shielding financial executives from the pitchfork-wielding public.

Time to move the blame to where it really belongs. That means no more coddling banks with bailout billions marked "secret." No more allowing their executives lavish bonuses and new corporate jets as if they've won the megalottery and not sent the economy down the tubes. And no more apostles of Wall Street calling the shots. Full Story »

Posted by Dwight Rousu

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Subjects: Business, U.S., Politics, Living
Topics: Finance, U.S. Economy, Obama Administration, Money, Money and Politics
Member Tags: banking, bailout
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Posted by: Posted by Dwight Rousu - Apr 9, 2009 - 12:50 AM PDT
Reviewed by: Dwight Rousu (review), Glenn LaBauve (review), Fabrice Florin (review)
Content Type: Article
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Edited by: Dwight Rousu - Apr 9, 2009 - 12:50 AM PDT
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4.0
 by Dwight Rousu - Apr. 9, 2009

This opinion piece rests atop the interview with Bill Black on the "Bill Moyers Journal" show.

I have a pitchfork in the garage.

So far, the only one in the clink is Bernie Madoff and he was “a piker” compared to the bankers who peddled toxic assets like unverified “liars’ ... More »

Dwight posted this story.
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4.4
 by Glenn LaBauve - Apr. 9, 2009
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3.9
 by Fabrice Florin - Apr. 9, 2009
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  • Madoff Was A Piker -- America's Big Banks Are a Far Larger Fraudulent Ponzi Scheme

    AlterNet, Bill Moyers Journal. by Bill Moyers | Apr. 6, 2009 (News Analysis)
    the way that you do it is to make really bad loans, because they pay better. Then you grow extremely rapidly, in other words, you're a Ponzi-like scheme. And the third thing ...
    Posted by Dwight Rousu
    4.3
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