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Saturday
Sep242011

Dylan Ratigan On The Wall Street Protests: "Financial Interests Own Congress And They Make The Rules"

Solid discussion from yesterday's show.  Start watching at the 3-minute mark.

 

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Reader Comments (27)

WASHINGTON (MarketWatch) — There is “no threat” of a government shutdown, House Speaker John Boehner said Thursday, a day after the Republican leadership suffered an embarrassing setback over a spending bill to keep the government funded past Sept. 30.

http://www.marketwatch.com/story/no-threat-of-government-shutdown-boehner-2011-09-22?link=MW_home_latest_news
Sep 22, 2011 at 1:57 PM | Registered CommenterDailyBail
Sep 22, 2011 at 3:48 PM | Unregistered CommenterTR
WASHINGTON (MarketWatch) — The experts who track the Federal Reserve’s every move are as shocked as anyone at the market’s response since the central bank unveiled its latest monetary policy action.

http://www.marketwatch.com/story/fed-watchers-stunned-by-market-downturn-2011-09-22?dist=afterbell
Sep 22, 2011 at 4:16 PM | Registered CommenterDailyBail
This former CEO is living in CEO lala land. Hey, D-bag, the middle class is going away. People are getting poorer. That's what debt and inflation does, unless you're a bank. And where has he been? Capitalism? You tell me where it is, chief...??? The bank bailout was the antithesis of capitalism...

Most CEOs are myopic morons (Carl Icahn's words) who fundamentally do not know how the economy works. Most CEOs rise through the sales ranks. Flashy. Slick. Not too bright. They don't impress me...
Sep 22, 2011 at 7:44 PM | Unregistered CommenterJosie
When I heard that BoA sold the same worthless MB securities to ten different parties I asked "Why aren't these people in jail awaiting trial?!" Instead they are to get bailouts and forgiveness by the States Attorney Generals (except NY) for all their sins in exchange for renegotiation of home mortgages? If we sold the same investment paper (the same investment) times ten to ten different people it's called fraud and if we are caught we go to jail and then bail and a trial happens. If convicted we get Bubba who cuddles up to us at night to keep us company in the same cell. This just shows me who is in charge on Wall St and it's not us! Thank God NY Attorney General Sniederman said "No." We need people who do this.
Sep 22, 2011 at 8:09 PM | Unregistered Commenterbob
Ill be back at 9 pm with coverage of tonight's debate.
Sep 22, 2011 at 8:18 PM | Registered CommenterDailyBail
Bob--

I think it was technically Countrywide--now part of BAC, to be sure--that did that. Whalen talked about it recently. RCW also said the same thing about Bear Stearns--now part of JPM, to be equally sure.

See how the game is played? The worst crimes get swept under the rug via "merger."

The discovery that a lawyer would have to go through to get at the nut of this is not to be believed. But you know what's way faster than waiting for civil litigation and what body parts it'll churn up? Bankruptcy. When a company like LEH goes tapioca, an examiner has to pick over the cadaver with Barbie's comb and report on what he found. We found an entire continent with Lehman. That report was 2200 pages of goodness almost good enough to make folks quit drugs cold turkey.

That's why you're seeing more litigation and 0 bankruptcies these days.

This is the reason BAC wasn't declared DOA a month ago despite its sick blue hue and 54-degree body temperature. The powers that be are scrambling for a way to dispose of that planet-sized cadaver of maggot-gagging rot, and the only tool they have is a tax cheat.

Who said, "when you've killed 4, it's easy to make it 5"? I don't think that's right.
Sep 22, 2011 at 9:43 PM | Unregistered CommenterCheyenne
Also to be noted. There seems to be this phrase that I see oft-repeated as if fact in MSM newspapers of late, and it is this: "because politicians are all too aware from the public that more bailouts will not be tolerated."

This isn't news. It's a trial balloon.

It's a signal that another bailout attempt is on the way.

What a fuck up on their part. I saw that shit coming a year ago.
Sep 22, 2011 at 10:09 PM | Unregistered CommenterCheyenne
Also to be noted. There seems to be this phrase that I see oft-repeated as if fact in MSM newspapers of late, and it is this: "because politicians are all too aware from the public that more bailouts will not be tolerated."

---

Have noticed that phrase myself a few times lately, and it does nothing but make me laugh. The tiny tax cheat would never let BofA fail. Never. Ever. Ever. We learned earlier this week that he defied a direct request from Obama to prepare for a Citigroup bankruptcy. Just ignored the request. Because his stress tests would engineer Citi's solvency in the eyes of all. And he pulled it off, at least for awhile. Let's look at Citi's stock price today and back out the reverse 1-10 split.

http://www.marketwatch.com/investing/stock/C

Let's see $24 divided by 10 = $2.40

So Citi is trading at $2.40 per share...
Sep 22, 2011 at 10:48 PM | Registered CommenterDailyBail
This is the reason BAC wasn't declared DOA a month ago despite its sick blue hue and 54-degree body temperature. The powers that be are scrambling for a way to dispose of that planet-sized cadaver of maggot-gagging rot, and the only tool they have is a tax cheat.

---

Cheyenne...you'll like this story.

Bank Of America Fraud WORSE Than Countrywide

http://www.marketwatch.com/story/feds-say-bank-of-america-worse-than-countrywide-2011-09-07
Sep 22, 2011 at 10:51 PM | Registered CommenterDailyBail
"Just ignored the request."

DB, shame. You do that story injustice. The best part of the narrative is that even though questioned, on the record, Obama and the White House decline to speak.

Only Treasury, as befitting a boss, is allowed to speak.

I left a comment around here saying if you ever wondered who Batman is in the Geithner-obama Duo, pretty much the GEITHNER story is a good starting place to look.
Sep 22, 2011 at 10:54 PM | Unregistered CommenterCheyenne
42 minutes long.

http://english