Tag: occupy wall street

Bank of America is raging hurricane of theft and fraud

Bank of America is raging hurricane of theft and fraud

Matt Taibbi of Rolling Stone magazine wrote a scathing piece for the OWS movement about widespread illegal practices committed by Bank of America, and how all of us, particularly the U.S. government, have been facilitators in B 0f A’s larceny. Taibbi is a very knowledgeable, ┬ásmart reporter on economic issues, and his piece stirred in …

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Why does a car have brakes? ~ Bill Moyers interviews former Citigroup CEO John Reed

Why does a car have brakes? ~ Bill Moyers interviews former Citigroup CEO John Reed

Bill Moyers interviewed former Citigroup chairman John Reed about the financial crisis. When asked about government regulation, he replied with this about cars and brakes (paraphrased): Reed: Why does a car have brakes? Moyers: To stop. Reed: NO! A car has brakes so you can go FAST. Imagine if you had a car without brakes–and …

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