I read this article and viewed the clip below and was most astounded by the fact that neither the author of the piece or reporters covering the story felt there was an extreme wrong done here. I guess the statutes of limitations are up for these sort of crimes, so the rats are showing everyone all of the cheese they had stolen over the years.
If you recall, during the grimmest days of the financial crisis, Citi, who was bogged down with billions in bad CDO exposure, received a $300 billion bailout from the government. They didn’t go bankrupt, or in receivership, just bailed out. At the time of the bailout, I assumed they were using the fresh liquidity to sell toxic assets and take writedowns. Instead, they were starting up a new CDO desk to buy these assets from the Fed. Fast forward until now, that desk was the most profitable at the bank, making billions off the toxic crap they bought.
Good news, right?
“It’s impossible to imagine. You’re being bailed out with one hand, and you’re pouring money into the very same assets that precipitated the bailout with the other.”
Citi rose from the ashes, like the Phoenix, to become the biggest player in the CDO market. In some cases, they were 80% of the market–all thanks and praise to the government dollars that bailed them out.
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Feel the Bern.
Hillary tossed Bernie into the garbage can.
Not the garbage can, the blender.
The problem is that Sanders was running agaisnt the whole Democratic Establishment. One big advantage Donald Trump had is that with 16 candidates, the Establishment R vote was very fragmentented, which gave Trump a chance to establish footing.
I want to see the results of today’s primaries, before I give up on feeling the Bern.
frog, Bernie wins California 60/40 and still loses the D nomination:
Favoring Hillary:
1) establishment vs non-establishment
2) Supported by registered Democrats
3) Higher popular vote totals -> overturning the “people’s will” not a good idea, generally speaking
Favorign Bernie
1) Better against Trump
2) Supported by Independants
Considering that the only way Bernie could win is through regsiterd, establishment Democrats *withdrawing* their votes for Hilallry (an even bigger step than if they were neutral to start with), Bernie’s cahnce of getting the D nomination are about as high as Trump’s chances of losing the R.
You’re right, of course. It’s hard to give up on the best candidate though.
Bernie is going back to his log cabin in Vermont where he can eat pancakes next to his wood-burning stove. Flannel shirt. Suspenders.
Rubens Cube.
Moral hazard squared
Making HERstory today