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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsMatt Taibbi: 'Hands Down' Bush Was Tougher On Corporate America Than Obama (REALLY?)
The question was Who was tougher on corporate America, President Obama or President Bush?
http://talkingpointsmemo.com/livewire/matt-taibbi-bush-tougher-than-obama-corporate-america
I guess these just are not good enough or err um high profile or whatever. I guess Obama has been so easy on Corporate America
Just this year alone...
Three Bridgestone Corp. Executives Indicted for Roles in Fixing Prices and Rigging Bids on Auto Parts Installed in U.S. Cars
http://www.justice.gov/opa/pr/2014/April/14-at-386.html
CEO and Managing Partner of Wall Street Broker-Dealer Charged with Massive International Bribery Scheme
http://www.justice.gov/opa/pr/2014/April/14-crm-381.html
Government Settles False Claims Act Allegations Against Kansas Cancer Treatment Facility and Its Owner
http://www.justice.gov/opa/pr/2014/April/14-civ-378.html
Owner of Tax Return Preparation Franchise and Health Provider Business Pleads Guilty to Tax Fraud, Healthcare Fraud and Money Laundering
http://www.justice.gov/opa/pr/2014/April/14-tax-372.html
Brooklyn Fish Processors Ordered to Comply with Sanitation Remedies
http://www.justice.gov/opa/pr/2014/April/14-civ-370.html
Former Vice President of Government Contracting Company Pleads Guilty to Conspiracy to Commit Bribery
http://www.justice.gov/opa/pr/2014/April/14-crm-343.html
United States Announces $5.15 Billion Settlement of Litigation Against Subsidiaries of Anadarko Petroleum Corp. to Remedy Fraudulent Conveyance Designed to Evade Environmental Liabilities
http://www.justice.gov/opa/pr/2014/April/14-dag-338.html
Seven Indicted in Florida in Mortgage Scheme
http://www.justice.gov/opa/pr/2014/March/14-crm-324.html
Tonawanda Coke and Manager Sentenced for Violating the Clean Air Act and Resource Conservation and Recovery Act
http://www.justice.gov/opa/pr/2014/March/14-crm-288.html
North Americas Largest Acid Manufacturer and Its Subsidiaries Agree to Slash Emissions and Reduce Air Pollution
http://www.justice.gov/opa/pr/2014/March/14-enrd-287.html
Justice Department Announces Criminal Charge Against Toyota Motor Corporation and Deferred Prosecution Agreement with $1.2 Billion Financial Penalty
http://www.justice.gov/opa/pr/2014/March/14-ag-286.html
American Family Care Inc. to Pay $1.2 Million to Settle Allegations of Inflated Medicare Claims
http://www.justice.gov/opa/pr/2014/March/14-civ-281.html
Straw Owner of Clinic Sentenced in Medicare Fraud Scheme
http://www.justice.gov/opa/pr/2014/March/14-crm-280.html
Jury Convicts All Seven Defendants in $97 Million Medicare Fraud Scheme
http://www.justice.gov/opa/pr/2014/March/14-crm-261.html
Florida Hospital System Agrees to Pay the Government $85 Million to Settle Allegations of Improper Financial Relationships with Referring Physicians
http://www.justice.gov/opa/pr/2014/March/14-civ-252.html
Pharmaceutical Company to Pay $27.6 Million to Settle Allegations Involving False Billings to Federal Health Care Programs
http://www.justice.gov/opa/pr/2014/March/14-civ-251.html
Coal Companies and Subsidiaries to Spend Estimated $200 Million on Treatment and System-wide Upgrades to Reduce Water Pollution
http://www.justice.gov/opa/pr/2014/March/14-enrd-228.html
Omnicare to Pay Government $4.19 Million to Resolve False Claims Act Allegations of Kickbacks
http://www.justice.gov/opa/pr/2014/February/14-civ-216.html
Diagnostic Imaging Group to Pay $15.5 Million for Allegedly Submitting False Claims to Federal and State Health Care Programs
http://www.justice.gov/opa/pr/2014/February/14-civ-200.html
Government Files Enforcement Action Against Four California Companies and Six Individuals to Stop the Importation of Dangerous Childrens Products
http://www.justice.gov/opa/pr/2014/February/14-civ-192.html
Endo Pharmaceuticals and Endo Health Solutions to Pay $192.7 Million to Resolve Criminal and Civil Liability Relating to Marketing of Prescription Drug Lidoderm for Unapproved Uses
http://www.justice.gov/opa/pr/2014/February/14-civ-187.html
Government Intervenes in Lawsuit Against Tenet Healthcare Corp. and Georgia Hospital Owned by Health Management Associates Inc. Alleging Payment of Kickbacks
http://www.justice.gov/opa/pr/2014/February/14-civ-176.html
Former Bank of America Executive Pleads Guilty for Role in Conspiracy and Fraud Involving Investment Contracts for Municipal Bonds Proceeds
http://www.justice.gov/opa/pr/2014/February/14-at-137.html
Citgo Sentenced to Pay More Than $2 Million for Environmental Crimes at Corpus Christi, Texas, Refinery
http://www.justice.gov/opa/pr/2014/February/
W.R. Grace Pays Over $63 Million Toward Cleanup and Restoration of Hazardous Waste Sites in Communities Across the Country
http://www.justice.gov/opa/pr/2014/February/14-enrd-122.html
JPMorgan Chase to Pay $614 Million for Submitting False Claims for FHA-insured and VA-guaranteed Mortgage Loans
http://www.justice.gov/opa/pr/2014/February/14-civ-120.html
Medicare Fraud Strike Force Set Record Numbers for Health Care Fraud Prosecutions(2013)
http://www.justice.gov/opa/pr/2014/January/14-crm-082.html
Government Intervenes in Lawsuits Against Health Management Associates Inc. Hospital Chain Alleging Unnecessary Inpatient Admissions and Payment of Kickbacks
http://www.justice.gov/opa/pr/2014/January/14-civ-037.html
Medical Device Manufacturer Charged With Major Securities Fraud Scheme
http://www.justice.gov/opa/pr/2014/January/14-crm-013.html
2013 at a glance
http://www.justice.gov/opa/pr/2013/July/13-crm-850.html
United States Reaches an Agreement with XTO Energy to Prevent Waste Spills from Natural Gas Exploration and Production
http://www.justice.gov/opa/pr/2013/July/13-enrd-810.html
Panasonic and Its Subsidiary Sanyo Agree to Plead Guilty in Separate Price-Fixing Conspiracies Involving Automotive Parts and Battery Cells
http://www.justice.gov/opa/pr/2013/July/13-at-808.html
Former CEO and Former CFO of ArthroCare Corp. Charged with Orchestrating $400 Million Securities Fraud Scheme
http://www.justice.gov/opa/pr/2013/July/13-crm-805.html
Shell Oil to Spend Over $115 Million to Reduce Harmful Air Pollution at Houston Area Refinery and Chemical Plant
http://www.justice.gov/opa/pr/2013/July/13-enrd-775.html
2012 at random
http://www.justice.gov/opa/pr/2012/March/12-tax-393.html
Greek Shipping Company Sentenced in New Orleans to Pay $2 Million for Intentional Cover-Up of Oil Pollution and Obstruction of Justice
http://www.justice.gov/opa/pr/2012/March/12-enrd-378.html
Harbert Companies Agree to Pay $47 Million to Resolve False Claims Act Allegations
http://www.justice.gov/opa/pr/2012/March/12-civ-341.html
BP Products North America to Improve Spill Response Preparedness at Oil Terminals Nationwide
http://www.justice.gov/opa/pr/2012/September/12-enrd-1167.html
2011 at a glance
http://www.justice.gov/opa/pr/2011/June/11-crm-765.html
U.S. Subsidiary of Belgian Pharmaceutical Manufacturer Pleads Guilty to Off-Label Promotion; Company to Pay More Than $34 Million
http://www.justice.gov/opa/pr/2011/June/11-civ-751.html
Pfizer to Pay $14.5 Million for Illegal Marketing of Drug Detrol
http://www.justice.gov/opa/pr/2011/October/11-civ-1389.html
Oracle Agrees to Pay U.S. $199.5 Million to Resolve False Claims Act Lawsuit
http://www.justice.gov/opa/pr/2011/October/11-civ-1329.html
2010 at a glance..
http://www.justice.gov/opa/pr/2010/April/10-civ-500.html
Medical Device Manufacturer Guidant Pleads Guilty for Not Reporting Defibrillator Safety Problems to FDA
http://www.justice.gov/opa/pr/2010/April/10-civ-370.html
U.S. Settles Lawsuits Against Hewlett-Packard and Intervenes Against its Business Partners for Violating FCC Competitive Bidding Rules in Texas
http://www.justice.gov/opa/pr/2010/November/10-civ-1284.html
2009 at a glance...
http://www.justice.gov/opa/pr/2009/November/09-civ-1186.html
Chevron to Pay U.S. More Than $45 Million to Resolve Allegations of False Claims for Royalties Underpayment
http://www.justice.gov/opa/pr/2009/December/09-civ-1379.html
Oklahoma Hospital Group Pays U.S. $13 Million to Settle False Claims Act Allegations
http://www.justice.gov/opa/pr/2009/December/09-civ-1376.html
Duke Energy to Spend Approximately $93 Million to Resolve Clean Air Act Violations
http://www.justice.gov/opa/pr/2009/December/09-enrd-1371.html
Largest Environmental Bankruptcy in U.S. History Will Result in Payment of $1.79 Billion Towards Environmental Cleanup & Restoration
http://www.justice.gov/opa/pr/2009/December/09-enrd-1326.html
Much more DOJ action under Obama and Holder here:
http://www.justice.gov/briefing-room.html
ucrdem
(15,512 posts)and took Arthur Anderson down with it. To claim they were "swept up by the Bush Justice Department" is inane offensive revisionism. Matt Taibbi is a neocon water carrier just like the rest of the swiftboaters on PayPal Pierre's new team.
Cha
(297,154 posts)on the teat of Obama hate.
cui bono
(19,926 posts)Thank you.
SunsetDreams
(8,571 posts)it's ludicrous!
Cha
(297,154 posts)mimi85
(1,805 posts)And no, I'm not stalking you. Guess we just think alike in many areas. Only you express yourself better than I ever could!
Cha
(297,154 posts)know you're not, girl.. I have that happen too.. some days I end up replying to the same person a lot. And, I kinda of wonder what they must think about that!
And, I think you express yourself very well..
cthulu2016
(10,960 posts)If Taibbi had said there were no DOJ actions against corporations 2008-2014 then a list would be a counter argument.
I have no strong opinion about the truth of Taibbi's claim, and the list offered added nothing that would clarify my view
Jamaal510
(10,893 posts)find these people?
MADem
(135,425 posts)magazine over in Pootie's World.
Really. Here, he describes himself as an "unmarried drug addict with bad teeth."
Not that there's any convergence, there, or anything....
Here's an old VF article that gives the lad all that groovy "counterculture" cool-kid vibe:
http://www.vanityfair.com/culture/features/2010/02/exile-201002
I think he tries much too hard.
His father, Mike, is a well known (and very respected) guy around Boston, and the kid has big shoes to fill--he's the W, not the Jeb, of his family, IMO. He thinks that "stunts" are a substitute for work. An attention-seeker on a good day, but he does know how to get that attention. Past a certain age, it looks worse than childish, though.
Jamaal510
(10,893 posts)the guy they just had on The Last Word tonight, wasn't it? He sounds like a nut!
MADem
(135,425 posts)hard work and stick-to-it-iveness to be able to afford to provide this kid with all the advantages....and what did he do with that fancy Concord Academy education? Act like a nitwit. Go to Russia and 'play' the debauched little shitheel. Act like the world owes him a living.
Here's some classic Matt Taibbi:
He then fell out of touch, re-emerged a month later, and agreed to meet me for lunch at a Manhattan restaurant. I arrived late, and he was visibly annoyed. There was no boyish smile. I just dont see why youre doing this story, he said. When I told him that Ames was now living in New York he grew more agitated. I mentioned some of the Exile pieces of his I planned to write about, and he said, That was covered in the book. I told him yes, that was true, but the book had been published in 2000, and, frankly, I didnt think it was very good.
The book wasnt good? he said.
No, I didnt think so, I said.
My book? he said.
Yes, the Exile book. I thought it was redundant and discursive and you guys left out a lot of the good stuff you did, I said.
At this, Taibbis mouth turned down and his eyes narrowed.
Fuck you, he snarled, and then picked up his mug from the table, threw his coffee at me, and stormed out.
The restaurant was packed with customers, and they all turned to watch as I sat there, stunned, coffee dripping from my face. The waiter arrived with the milkshake Taibbi had ordered. After wiping myself off a bit, I went outside, where Taibbi was putting on his coat, and asked him to calm down and come back into the restaurant. He walked up to me, glaring, beside himself with rage.
Fuck you! he yelled. Did you bring me here to insult me? Who are you? What have you ever written? Fuck you!
I tried to talk to him, but gave up when he walked away. I went back inside, paid the bill, left, and began walking up Sixth Avenue. Halfway up the block, I turned around, and Taibbi was behind me.
Are you following me?, I asked. He walked toward me, raising his arms as though preparing to throttle me or take a swing.
I still havent decided what Im going to do with you! he said.
Are you kidding?, I asked....
http://www.vanityfair.com/culture/features/2010/02/exile-201002
He's not playing with a full deck.
OKNancy
(41,832 posts)I'll never forget that. Taibbi just loved his Milosevic and hated Clark for his successful operation in Kosovo/Serbia
MADem
(135,425 posts)I feel badly for his dad, who is a nose-to-the-ground, serious, hardworking guy. I mean, Taibbi is not the most common name going; up until Sonny Boy entered the fray, Mike was the only "Taibbi" in media near as I could tell. This 44 year old 'kid' is trashing the family name with his adolescent antics.
Chathamization
(1,638 posts)The "we're better than everyone in our host country" and "we're better than everyone back home attitude." War Nerd in particular is a terrible column, though every so often I'll find someone linking to it as an authoritative source.
MADem
(135,425 posts)something.
MohRokTah
(15,429 posts)Taibbi, not you.
Whisp
(24,096 posts)mimi85
(1,805 posts)I could get hung up there for hours. And probably will.
Cha
(297,154 posts)SunsetDreams for listing all of this action that the Obama Admin has taken against corporate malfeasance. Good Job!
matt taibbi is lazy.
cui bono
(19,926 posts)Yeah, sure... you keep telling yourself that.
You are too emotionally attached to a politician. Don't take it so personally, then you won't feel the need to have to slander excellent journalists and label them so you can put them in your little box of things you hate because they dared to say something about Obama that hurt your feelings.
mimi85
(1,805 posts)In what world would that be? Cha always has her eyes on the prize and is a huge asset to DU. I don't think her feelings have anything to do with Taibbi at all.
Hoyt
(54,770 posts)Cha
(297,154 posts)any help from republicons. However.. There's a lot of money out there to be made on Whining about Obama. Just got to find the right angle.."let's see.. oh I know.. bush was better on blah blah blah.. hands down.. blah blah blah "
MindMover
(5,016 posts)but, I think everyone wants to see more pictures like this ....
not really just another million dollar fine for people who juggle billions ....
in other words, we want our pound of flesh, Revenge baby, Revenge ....
""
Cali_Democrat
(30,439 posts)people will not only say that the Dems are the same as Republicans, but people posing as liberals will even say Republicans are better.
Beware.
Taibbi has written some good stuff in the past, but he has more recently been molded by Greenwald and the like.
I don't pay him much attention anymore. If you want to read about financial matters and economics, read Krugman.
Jamaal510
(10,893 posts)"people will not only say that the Dems are the same as Republicans, but people posing as liberals will even say Republicans are better."
I just encountered a poster on CrooksandLiars who claimed that Nixon was more liberal than Obama. If that crook Nixon is now considered to be a liberal, then I no longer want any part of that term.
Drunken Irishman
(34,857 posts)Liberals can be fucking morons sometimes.
Cha
(297,154 posts)off of the stupid. Look how many lap it up while calling facts "weak sauce".. lol
mimi85
(1,805 posts)freshwest
(53,661 posts)OnyxCollie
(9,958 posts)Add all those things up and see if it equals the $92.5 BILLION the banks have lost.
FDIC Agrees to Keep Silent on Settlements with Banks
http://www.democracynow.org/2013/3/20/headlines#3209
A new investigation says U.S. regulators have been quietly settling civil claims with banks whose failures triggered massive federal payouts and helped spur the financial meltdown. The Los Angeles Times reports the Federal Deposit Insurance Corporation has settled with the banks for a fraction of what their losses actually cost while agreeing not to publicize the deals to protect the banks public image. The FDIC has lost $92.5 billion in the failures of 471 U.S. banks since 2007. But the agency has collected just $787 million in settlements a tiny fraction of its losses. While the settlements accuse the banks of fraud, negligence, reckless loans to homeowners, falsified documents and other abuses, they have been concealed from the public under nondisclosure deals some say border on illegal.
MannyGoldstein
(34,589 posts)progressoid
(49,978 posts)It's because financial institutions are so much more law abiding now that there aren't any crimes to prosecute!
DeSwiss
(27,137 posts)DCBob
(24,689 posts)There was a much steeper drop in prosecutions during the Bush II admin than during the Obama admin.
ProSense
(116,464 posts)ProSense
(116,464 posts)"Well, there's this...
..there are facts. Remember Glass-Steagall? It was repealed and that was followed by the law that created the Enron loophole in 2000, which is likely why prosecutions dropped from the 1999 highs to less than half the number.
Many of the immoral activities were crimes before the repeal of Glass-Steagall. I simply can't understand how people can acknowledge that repealing a law caused the problem, but not understand the the law was what made the activities illegal.
I've seen that chart many times before. http://www.democraticunderground.com/1002990749#post4
I'll repost the full comment here...
The chart shows that prosecutions started dropping after the repeal of Glass-Steagall, and it shows prosecutions, not convictions. It's also not conclusive because it doesn't state what specifically it includes and appears to be related to bank fraud. Here's the reference:
This category can refer to crimes committed both within and against banks. Defendants include bank executives who mislead regulators, mortgage brokers who falsify loan documents, and consumers who write bad checks. (Here are some recent cases of bank fraud prosecutions.)
http://economix.blogs.nytimes.com/2011/11/15/prosecutions-for-bank-fraud-fall-sharply/
Goldman Sachs is not a bank. Still, even if it is bank fraud, it does offer more evidence of Bush's "abysmal" record, as these prosecutions dropped significantly during his Presidency.
The following is from the Financial Institution Fraud and Failure Reports for each fiscal year.
http://www.fbi.gov/stats-services/publications/fiff_00-01
http://www.fbi.gov/stats-services/publications/fiff-2002
(b): Types of Subjects Convicted in FIF Cases During FY 2007*
SUBJECT TYPE NUMBER OF SUBJECTS
Legal Alien 8
Illegal Alien 20
All Other Subjects 1,038
Bank Officer 88
Bank Employee 179
International or National Union Officer 1
President 1
Business Manager 2
Office Manager 2
Financial Secretary 1
Federal Employee - GS 12 & Below 1
State - All Others 1
Local Law Enforcement Officer 1
City Councilman 1
Possible Terrorist Member or Sympathizer 1
Company or Corporation 7
Local - All Others 2
Total 1,354
http://www.fbi.gov/stats-services/publications/fiff_06-07/fiff_06-07
http://www.fbi.gov/stats-services/publications/fiff_06-07/fiff_06-07
Given yhe above charts and the break out for 2007, it appears that most of the convictions were not bank executives. In fact, the majority were bank "outsiders," likely meaning more bad-check writers and document falsifiers.
Also, bank fraud is separate from corporate fraud, mortgage fraud, and securities and commodities fraud.
The following is from the Financial Crimes Report to the Public for each fiscal year:
(Note: The 2005 report does not break out securities and commodities fraud. The 2010-2011 report is the only one that breaks out financial institution fraud. All reports show corporate fraud and mortgage fraud.)
http://www.fbi.gov/stats-services/publications/fcs_report2005/fcs_2005#CORPORATE
http://www.fbi.gov/stats-services/publications/fcs_report2005/fcs_2005#MORTGAGE
_________
http://www.fbi.gov/stats-services/publications/fcs_report2006
http://www.fbi.gov/stats-services/publications/fcs_report2006/financial-crimes-report-to-the-public-fiscal-year-2006#Securities
http://www.fbi.gov/stats-services/publications/fcs_report2006/financial-crimes-report-to-the-public-fiscal-year-2006#Mortgage
___________
http://www.fbi.gov/stats-services/publications/fcs_report2007/fcr_2007#corporate
http://www.fbi.gov/stats-services/publications/fcs_report2007/fcr_2007#securities
http://www.fbi.gov/stats-services/publications/fcs_report2007/fcr_2007#mortgage
______________
http://www.fbi.gov/stats-services/publications/fcs_report2008/financial-crimes-report-to-the-public#corporate
http://www.fbi.gov/stats-services/publications/fcs_report2008/financial-crimes-report-to-the-public#securities
http://www.fbi.gov/stats-services/publications/fcs_report2008/financial-crimes-report-to-the-public#mortgage
____________
http://www.fbi.gov/stats-services/publications/financial-crimes-report-2009/financial-crimes-report-2009
http://www.fbi.gov/stats-services/publications/financial-crimes-report-2009/financial-crimes-report-2009#securities
http://www.fbi.gov/stats-services/publications/financial-crimes-report-2009/financial-crimes-report-2009#mortgage
_____________
http://www.fbi.gov/stats-services/publications/financial-crimes-report-2010-2011/financial-crimes-report-2010-2011#Corporate
http://www.fbi.gov/stats-services/publications/financial-crimes-report-2010-2011/financial-crimes-report-2010-2011#Securities
http://www.fbi.gov/stats-services/publications/financial-crimes-report-2010-2011/financial-crimes-report-2010-2011#Financial-ins
http://www.fbi.gov/stats-services/publications/financial-crimes-report-2010-2011/financial-crimes-report-2010-2011#Mortgage
Pending cases are important because they can still result in convictions.
The fact is that prosecutions that could go forward did.
President Obamas Financial Fraud Enforcement Task Force STRIKES AGAIN! $200 Million Fraud
http://www.democraticunderground.com/1002844790
Former BofA Exec Indicted For Fraud
http://www.democraticunderground.com/1002990749
Allen Stanford Convicted in Houston for Orchestrating $7 Billion Investment Fraud Scheme
http://www.stopfraud.gov/iso/opa/stopfraud/2012/12-crm-293.html
Former Chief Investment Officer of Stanford Financial Group Pleads Guilty to Obstruction of Justice
http://www.stopfraud.gov/iso/opa/stopfraud/2012/12-crm-785.html
Former Corporate Chairman of Consulting Firm and Board Director Rajat Gupta Found Guilty of Insider Trading in Manhattan Federal Court
http://www.stopfraud.gov/iso/opa/stopfraud/NYS-120615.html
Hedge Fund Founder Raj Rajaratnam Sentenced in Manhattan Federal Court to 11 Years in Prison for Insider Trading Crimes
http://www.stopfraud.gov/news/news-10132011.html
CEO and Head Trader of Bankrupt Sentinel Management Indicted in Chicago in Alleged $500 Million Fraud Scheme Prior to Firms 2007 Collapse
http://www.stopfraud.gov/iso/opa/stopfraud/ILN-120601.html
Yahoo! Executive and California Hedge Fund Portfolio Manager Plead Guilty in New York for Insider Trading
http://www.stopfraud.gov/iso/opa/stopfraud/NYS-120521.html
Three Former Financial Services Executives Convicted for Roles in Conspiracies Involving Investment Contracts for the Proceeds of Municipal Bonds
http://www.stopfraud.gov/iso/opa/stopfraud/2012/12-at-620.html
Former Chairman of Taylor, Bean & Whitaker Sentenced to 30 Years in Prison and Ordered to Forfeit $38.5 Million
http://www.stopfraud.gov/news/news-06302011-2.html
http://www.stopfraud.gov/iso/opa/stopfraud/2012/12-crm-342.html
Former Chief Financial Officer of Taylor, Bean & Whitaker Pleads Guilty to Fraud Scheme
http://www.stopfraud.gov/iso/opa/stopfraud/2012/12-crm-342.html
Seattle Investment Fund Founder Sentenced to 18 Years in Prison for Ponzi Scheme and Bankruptcy Fraud
http://www.stopfraud.gov/iso/opa/stopfraud/WAW-120210.html
Former Hedge Fund Managing Director Sentenced to 20 Years for Defrauding 900 Investors in $294 Million Scheme
http://www.stopfraud.gov/iso/opa/stopfraud/ILN-111117.html
Peter Madoff, Former Chief Compliance Officer and Senior Managing Director at Bernard L. Madoff Investment Securities LLC, Pleads Guilty in New York to Securities Fraud and Tax Fraud Conspiracy
http://www.stopfraud.gov/iso/opa/stopfraud/NYS-1206291.html
Peter Madoff Is Sentenced to 10 Years for His Role in Fraud
http://dealbook.nytimes.com/2012/12/20/peter-madoff-is-sentenced-to-10-years-for-his-role-in-fraud
Whisp
(24,096 posts)Chathamization
(1,638 posts)"Defendants include bank executives who mislead regulators, mortgage brokers who falsify loan documents, and consumers who write bad checks."
http://economix.blogs.nytimes.com/2011/11/15/prosecutions-for-bank-fraud-fall-sharply/?_php=true&_type=blogs&_r=0
So if Bush went after more customers who wrote bad checks, we'd be able to say that he was tougher on corporate America than Obama?
deutsey
(20,166 posts)that Obama has maintained, only at a slower pace.
I think the age-old question "Cui bono?" applies here.
MADem
(135,425 posts)Cha
(297,154 posts)a buck off of Obama hate.. like Glenn Greenwald... blah blah blah..
"Pierre Omidyar co-funded Ukraine revolution groups with US government, documents show"
"US Agency for International Development (USAID) played a major role in funding opposition groups prior to the revolution. Moreover, a large percentage of the rest of the funding to those same groups came from a US billionaire who has previously worked closely with US government agencies to further his own business interests. This was by no means a US-backed coup, but clear evidence shows that US investment was a force multiplier for many of the groups involved in overthrowing Yanukovych.
But thats not the shocking part.
Whats shocking is the name of the billionaire who co-invested with the US government (or as Wheeler put it: the dark deep force acting on behalf of Pax Americana).
Step out of the shadows
. Wheelers boss, Pierre Omidyar.
http://pando.com/2014/02/28/pierre-omidyar-co-funded-ukraine-revolution-groups-with-us-government-documents-show/
File that under.. it's a small world.
taibbi's just showing off just how ignorantly down and stupid he can get with the rest of them.
MADem
(135,425 posts)Taibbi needs a payday, I think. Throwing sperm pies or hot coffee at people and pitching fits just isn't endearing past the age of thirty, never mind forty...!
He could probably also do with a time out..!
KittyWampus
(55,894 posts)earn money for his drug habit.
MADem
(135,425 posts)includes the phrase "drug addict with bad teeth" or words to that effect.
cui bono
(19,926 posts)Thread vultures!
Man, I really wish some people could not take this so personally so there could actually be a rational discussion instead of this team effort to discredit anyone who criticizes Obama with facts.
Second question, who appointed Wall Street to his administration?
MADem
(135,425 posts)I think you're out of line--and curiously defensive, too, just because not all of us are madly in love with your hero, here.
Look, some people know Matt Taibbi by his past work and reputation, and sorry to disabuse you, he's not all sunshine and lollipops and roses. He has an "uneven" career, one that hasn't followed a usual trajectory of youthful impertinence/craziness eventually tempered by seasoned maturity.
In middle age, he still can act like a childish asshole, and veracity isn't his strong suit. Neither is restraint.
It's not cool to make accusations like that just because the thread isn't going the way you think it should. It says more about you than perhaps you realize.
cui bono
(19,926 posts)What on earth makes you perceive that as an argumentative technique? What an odd thing to say.
Talk about being defensive... I'm not being defensive. And btw... people can easily see the inane posts people make, so I don't have to worry about which way "the thread is going" when certain people jump in. You can read some of the posts yourself and if you can be objective you can see they don't make a certain viewpoint look very valid or reasoned.
The only reason anyone on DU has a problem with Taibbi is because he said something perceived as negative about Obama. We both know it. So does everybody else on here.
MADem
(135,425 posts)And you are being terribly defensive, lashing out at "certain people" and accusing them -- without evidence--of collusion, via PM, no less, just because they don't agree with you.
I think the reason people have "a problem with Taibbi" has to do with his quirky and drug addled behavior during and after his time at the eXile, his failure to check his facts on more than one occasion, his dramatic and childish stunts which included throwing a pie full of horse semen at one of his perceived "enemies," and his continued adolescent and attention seeking behavior.
This isn't a "young punk" anymore--he's a man, in his mid-forties, with the mindset and conduct of a querulous teenager. It's not "Gonzo"--it's "Stupid." Yet--since we're gonna go there--"certain people" follow this unreliable heroin addict like he's the Hipster Messiah.
Pro Tip: He's not.
U4ikLefty
(4,012 posts)DeSwiss
(27,137 posts)Dragonfli
(10,622 posts)that fail to penetrate their reality tunnels
Intelligence is the capacity to receive, decode and transmit information efficiently. Stupidity is blockage of this process at any point. Bigotry, ideologies etc. block the ability to receive; robotic reality-tunnels block the ability to decode or integrate new signals; censorship blocks transmission.
― Robert Anton Wilson
DeSwiss
(27,137 posts)''We live in our fantasies and endure our realities.'' ~Robert Anton Wilson
Dragonfli
(10,622 posts)and I felt it appropriate as the signal never does get through to that crowd regarding those pesky neo-liberal appointments they never discuss.
Surprise, but the quote you mentioned is also a favorite of mine! He actually used that during the informal talks he gave us at the Starwood neo-pagan festival/gathering in '93 (give or take a year - my memory for dates is only so reliable.)
I learned more during those few discussions than I have in most cases during a year of reading. It was so informal we were sitting in lawn chairs around a campfire in the woods drinking mead, he was one hell of a brilliant and funny guy to hang out with, knowledgeable on what appeared to be a nearly endless array of scientific fields, the privilege of my lifetime.
Skittles
(153,150 posts)I've left a few of them just for entertainment purposes
Dragonfli
(10,622 posts)Cali_Democrat
(30,439 posts)a thread vulture...paid to post...PM'd by other DUers...blah blah blah....
Your shit is stale.
SunsetDreams
(8,571 posts)I did however do a check and the last PM I've had with anyone is October 2012.
"Everyone" I assume found the thread and posted just like you did.
Enrique
(27,461 posts)is Obama so hard to defend that it can only be done with dumb tricks?
Cha
(297,154 posts)can come up with is a stupid question in a lame attempt to distract.
Skittles
(153,150 posts)which I'm sure is SIX YARDS LONG BY NOW
ecstatic
(32,685 posts)that are beneficial to millions of Americans, yourself included--accomplishments that would have never occurred under a repub administration? If someone trots out "THE LIST," so what? Shouldn't you save some of that venom for people/groups that are actively trying to harm you?
Skittles
(153,150 posts)it's mocking a silly list that often includes routine stuff
Number23
(24,544 posts)Apparently a "six yard long" list of the Democratic president's accomplishments is just too much for their delicate eyes to see. And since Obama became president in 2009, that other person's question asking why the OP's dates didn't start until 2009 is just bizarre.
SunsetDreams
(8,571 posts)Warren DeMontague
(80,708 posts)I mean, Enron? Enron basically stole the California governor's office for the GOP, and tried to ram through a ridiculous redistricting power grab (get it?) in the process.
Spitfire of ATJ
(32,723 posts)As an example he also used the S&L crisis where over a thousand bankers went to jail.
He SHOULD have looked at the Great Depression where virtually NOBODY went to jail despite massive fraud and market manipulation and big banks squashing small banks for fun and profit.
The MAIN panic in the recent collapse was to save Capitalism itself. Many have been aware for some time the system will hit it's limits and they thought this was it. Kinda like "peak oil".
newfie11
(8,159 posts)SunsetDreams
(8,571 posts)they work for me.
Response to SunsetDreams (Original post)
Name removed Message auto-removed
One of the 99
(2,280 posts)ever since I read this article: http://prospect.org/article/errors-matt-taibbi
m-lekktor
(3,675 posts)after I read THIS article : http://blogs.reuters.com/felix-salmon/2009/12/11/fernholz-vs-taibbi/
One of the 99
(2,280 posts)is an admitted fan or Taibbi and has an agenda. My point is you can't trust any reporter these days. They all have an agenda and let their bias cloud their reporting. They don't let the truth get in the way of their goals.
B Calm
(28,762 posts)ProSense
(116,464 posts)"Matt Taibbi: 'Hands Down' Bush Was Tougher On Corporate America Than Obama"
...he means the time Bush ignored the problem until the economy was at its breaking point, and then forced the government into having to bail out the banks.
Maybe it was when Bush triggered the mortgage crisis by gutting the Community Reivestment Act.
http://prospect.org/article/did-liberals-cause-sub-prime-crisis
As The Wonk Room has noted, the problem was actually the Bush administrations failure to regulate the mortgage markets, while financial institutions developed ever-more sophisticated instruments for securitizing mortgage debt and selling it around the world.
http://thinkprogress.org/economy/2008/12/01/172489/bush-warnings/
by Joseph E. Stiglitz
December 2007
<...>
Whoever moves into the White House in January 2009 will face an unenviable set of economic circumstances. Extricating the country from Iraq will be the bloodier task, but putting Americas economic house in order will be wrenching and take years.
The most immediate challenge will be simply to get the economys metabolism back into the normal range. That will mean moving from a savings rate of zero (or less) to a more typical savings rate of, say, 4 percent. While such an increase would be good for the long-term health of Americas economy, the short-term consequences would be painful. Money saved is money not spent. If people dont spend money, the economic engine stalls. If households curtail their spending quicklyas they may be forced to do as a result of the meltdown in the mortgage marketthis could mean a recession; if done in a more measured way, it would still mean a protracted slowdown. The problems of foreclosure and bankruptcy posed by excessive household debt are likely to get worse before they get better. And the federal government is in a bind: any quick restoration of fiscal sanity will only aggravate both problems.
And in any case theres more to be done. What is required is in some ways simple to describe: it amounts to ceasing our current behavior and doing exactly the opposite. It means not spending money that we dont have, increasing taxes on the rich, reducing corporate welfare, strengthening the safety net for the less well off, and making greater investment in education, technology, and infrastructure.
<...>
Some portion of the damage done by the Bush administration could be rectified quickly. A large portion will take decades to fixand thats assuming the political will to do so exists both in the White House and in Congress. Think of the interest we are paying, year after year, on the almost $4 trillion of increased debt burdeneven at 5 percent, thats an annual payment of $200 billion, two Iraq wars a year forever. Think of the taxes that future governments will have to levy to repay even a fraction of the debt we have accumulated. And think of the widening divide between rich and poor in America, a phenomenon that goes beyond economics and speaks to the very future of the American Dream.
- more -
http://www.vanityfair.com/politics/features/2007/12/bush200712
Why can't Obama be more like Bush?
MohRokTah
(15,429 posts)They try to make you think they're liberal, but they're really libertarian and bear little resemblance to what is truly liberal.
stevenleser
(32,886 posts)If you trash Obama from a supposed left perspective, people will forgive all kinds of lack of backup in your articles and proclaim you a hero.
MADem
(135,425 posts)JI7
(89,247 posts)to buy that crap.
the ones who hate obama are mostly wingnuts and libertarian assholes. so they appeal to them on things like snowden.
notice there isn't much from them on things like voting rights , minorities being targeted unfairly by cops etc.
Cha
(297,154 posts)and hoping something sticks.. including the kitchen sink.
spanone
(135,823 posts)stevenleser
(32,886 posts)Hutzpa
(11,461 posts)"You're nothing to us now Fredo"
You sold out piece of shit.
Marr
(20,317 posts)types of moronic, grade school insults here. It's like they're on autopilot. This is what they do to anyone who says anything that might somehow make Obama look bad. It's the sort of thing we used to mock when empty-headed Bushbots did it.
cui bono
(19,926 posts)in this thread.
Taibbi is the latest on the chopping block. All hands on deck to smear him as a libertarian and whatever else they're calling him now.
grasswire
(50,130 posts)....are even worse than those against Greenwald and Snowden.
Disgusting. Shameful. Obama's supporters of this ilk sure don't do him any favors.
U4ikLefty
(4,012 posts)Getting crowded under this one
Enrique
(27,461 posts)are the insinuations that criticisms of Obama mean that the critics love some foreign leader. For example Vladimir Putin.
Marr
(20,317 posts)This black and white, 'with us or against us' position. If you're not clapping, you must be the enemy.