Tag Archives: Matt Taibbi

James Hall ~ FATCA Reporting And Drug Money Laundering

“Take the historic grand daddy of banking houses, built upon the drug trade, the notorious Hong Kong and Shanghai Bank. The British firm behind the Chinese Drug trade, the bank that would become HBSC, perfected the Dope, Inc. model, which profited from the Opium Wars. Such experience along with government protection enabled HSBC’s stunning growth in international deposit relationships.” ~J Hall


The Foreign Account Tax Compliance Act, is the latest government effort to eliminate financial privacy from the international banking system. Already provisioned within the law are reporting requirements and penalties, so the intent of this regulation requisite, seems more intent on closing down foreign bank relations for American citizens.

  • FATCA targets tax non-compliance by U.S. taxpayers with foreign accounts
  • FATCA focuses on reporting
  • By U.S. taxpayers about certain foreign financial accounts and offshore assets
  • By foreign financial institutions about financial accounts held by U.S. taxpayers or foreign entities in which U.S. taxpayers hold a substantial ownership interest
  • The objective of FATCA is the reporting of foreign financial assets; withholding is the cost of not reporting

As FATCA Comes Online July 1, 2014, most foreign banks will be under the gun to make inquires of their customers.

  1. Were you born in the USA?
  2. Do or did you ever have a U.S. Passport?
  3. Do or did you ever have a U.S. Green Card (Permanent residency status)?
  4. Do or did you ever live in the United States and, if so, provide all dates of residing in the U.S.?
  5. Do or did you ever have a physical address in the U.S.?
  6. Do or did you ever have a U.S. mailing address in your name?
  7. Do or did you ever have a U.S. mailing address in care of your name?
  8. Do or did you ever have legal representation in the U.S.?

If you answer yes to any one of the above questions, some banks will immediately close your account and forward on the balance to you and other banks sent W-8BEN and/or W-9 IRS forms for completion and mailing back to the bank upon which a possible 30% U.S. tax withholding would be levied upon your accounts. Continue reading

Politicking: Matt Taibbi On America’s ‘Injustice System’ [Video]

RT America  May 2 2014

Journalist Matt Taibbi joins Larry to examine inequality in the U.S. justice system. In his new book, “The Divide-American Injustice in the Age of the Wealth Gap,” Taibbi says white-collar criminals walk, while the poor get locked up in record numbers.

Matt Taibbi ~ Justice System Rigged Against The Poor [Video]

Secular Talk  April 17 2014

Clip from the Thursday, April 17th 2014 edition of The Kyle Kulinski Show, which airs live on Blog Talk Radio and Secular Talk Radio monday – friday 4-6pm Eastern.

Living in America has taught Matt Taibbi that we as a society have “a profound hatred of the weak and the poor.”

That’s one claim the former Rolling Stone writer makes in his new book, “The Divide: American Injustice in the Age of the Wealth Gap.” Taibbi defended this statement in a HuffPost Live interview on Tuesday. Read More @ http://www.huffingtonpost.com/2014/04…

Greedopoly ~ A PlayMakers Game

SDP  December 1-7 2013

Who are the PlayMakers? They are perceived as the “1 percent.” In actuality it’s more like the .”0.000000001 percent” who have devised and control this game.

The game itself is an energy game. It’s configured by the PlayMakers as a “take/exploit” exchange, with themselves as Takers and the 99.99999999 as exploitable energy resources embedded in the game (at birth) without informed consent.

Greedopoly has simple rules of engagement. Takers (exclusively):

  • extract energy from the output of the 99.9999999 percent via corporations, big pharma,  weather wars, real wars, trade partnerships, bribery, corruption, malfeasance, and, for emergencies just plain graft.
  • extend empty energy pockets (privately-owned central banks) to be filled by the energy output of the 99.9999999 percent via taxes, mortgages and unsecured loans saddled with usurious interest rates
  • control everything everywhere via spy tech, hidden tech, internet tech, the Bavarian Illuminati, royal houses, the UN, World Health Organization, Bilderbergers, Club of Rome, “democratically” elected governments, and Agenda 21
  • weed out “useless eaters” via GMOs, chemtrails, race-specific viruses, vaccines, and devious plots too numerous to list
  • Enforce laws, regulations, rules, statutes, legal claims – none of which apply to them
  • Build underground bunkersseed vaults, and nature preserves with proceeds from drug trades and wealth stolen from conquered territories

Greedopoly Ends When Winners Take All (Or Losers Stop Playing)

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Matt Taibbi ~ Chase’s Twitter Gambit Devolves Into All-Time PR Fiasco

RollingStone  November 15 2013

I almost couldn’t believe it when I heard that JP Morgan Chase was going to do a live Twitter Q&A with the public – you know, all those people around the world they’ve been bending over and robbing for, oh, the last decade or so. On the all-time list of public relations screw-ups, it’s hard to say where this decision by America’s most hated commercial bank (with apologies to Bank of America, which probably finishes a 49ers-like very close second this year) to engage the enraged public on Twitter ranks. For sure, anyway, it’s right up there with Abercrombie and Fitch’s rollout of thong underwear for 10 year-olds and the $440,000 afterparty AIG executives threw for themselves at the St. Regis Resort in Monarch Beach, California after securing a federal bailout.

Chase execs probably thought they were going to be inundated with questions, like, “What steps can I take to try to become as totally awesome as all of you?” This one can infer from the self-satisfied language of their announcing Tweet, which read:

What career advice would you ask a leading exec at a global firm? Tweet a Q using #AskJPM. On 11/14 a $JPM leader takes over @JPMorgan

Only on Wall Street would a bank that’s about to pay out the biggest settlement in the history of settlements unironically engage the public, expecting ordinary people to sincerely ask one of their top-decision makers for career advice. The notion that this was their idea of reaching out to the public in a moment of public relations crisis – we’ll take questions now on how you can become just as successful as us! – was doomed to be hilarious, and it turned out to be that and more.

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Matt Taibbi ~ Pension-Fund Looters Get Tax Breaks, Too

RollingStone  October 4 2013

A few weeks ago, I wrote a feature on pension reform in states like Rhode Island for Rolling Stone. Since the piece was sharply critical of alternative investments like hedge funds, I expected a heated response, and got one right away. In fact, a series of raving/chest-thumping emails from one Manhattan Institute hedge fund billionaire appeared in my email inbox about four and a half seconds after the piece went live on the Rolling Stone website.

This colorful personage calmed down eventually, though, and I figured a more sophisticated, for-public-consumption response would come from those quarters later on.

It finally showed up this week in GoLocalProv, when Aaron Henn, an “opinion-leading urban affairs analyst” who appears in striking tie-and-folded-arms pose in his column photo, wrote a piece in defense of the Rhode Island Treasurer profiled in the piece called “Matt Taibbi’s Deceptive Hatchet Job on Gina Raimondo.”

Henn discloses up top that he’s written in the past for the Manhattan Institute (again, a think-tank created by hedge funds to further industry objectives), so there’s that. I’m not going to go through his article line-by-line, because this dispute is surely already becoming tiresome to many, but there are one or two points in it worth responding to.

For one, Henn complained that I didn’t mention in my article that Raimondo is a Democrat. Through this omission, he says, I was trying to “obscure the severity of America’s municipal pension crisis by portraying reform efforts as driven by right-wing ideology.”

Well, it is right-wing ideology, for sure. Ayn Rand herself would have loved the idea of unilaterally imposing cuts to the “unsustainable” benefits of parasitic workers. But that doesn’t mean it hasn’t been advanced by Democratic Party politicians. That’s something I have no problem admitting.

Anyone who covers the finance sector knows Democrats over the years have been in bed with Wall Street every bit as much as Republicans. In some ways, the finance industry is actually closer, especially on a cultural level, to the Democrats (many prominent financiers, former Goldman chief Bob Rubin being a great example, are social liberals).

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The Road To Hell Is Paved With Bad Agendas

WIFLI  September 22-29 2013

In case you’re wondering what these agendas might be let’s take a tour down Psychopathy Lane (which deadends conveniently into Damned If You Do Straits).

Too Big To Fail

This has to represent a pinnacle of greed, hubris, fraud and thievery the likes of which can only exist in a drugged and mind-controlled populace. Oh, that’s right. It IS a drugged and mind-controlled populace, one that’s about to be fleeced of its pensions.

Yes. According to Matt Taibbi pension funds are now to be sacrificed on the altar of Big Greed.

“This is the third act in an improbable triple-[screwing] of ordinary people that Wall Street is seeking to pull off as a shocker epilogue to the crisis era. Five years ago this fall, an epidemic of fraud and thievery in the financial-services industry triggered the collapse of our economy. The resultant loss of tax revenue plunged states everywhere into spiraling fiscal crises, and local governments suffered huge losses in their retirement portfolios – remember, these public pension funds were some of the most frequently targeted suckers upon whom Wall Street dumped its fraud-riddled mortgage-backed securities in the pre-crash years.” http://www.shiftfrequency.com/matt-taibbi-looting-public-pensions-a-new-think-tank-study/


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Matt Taibbi ~ How Wall Street Hedge Funds Are Looting The Pension Funds Of Public Workers [Video]

democracynow September 26 2013 (Thanks, Minty)

In his latest article for Rolling Stone, Matt Taibbi reports that Wall Street firms are now making millions in profits off of public pension funds nationwide. “Essentially it is a wealth transfer from teachers, cops and firemen to billionaire hedge funders,” Taibbi says. “Pension funds are one of the last great, unguarded piles of money in this country and there are going to be all sort of operators that are trying to get their hands on that money.” ~http://www.democracynow.org


Pam Martens ~ Goldman Sachs Salesman Takes One for the Team; Jury Finds Against Tourre

Wall Street On Parade  August 2 2013

Fabrice Tourre Testifies Before the Senate Permanent Subcommittee on Investigations, April 27, 2010

Jon Stewart calls them “those f*!*!ing guys. Matt Taibbi at Rolling Stone calls them “a great vampire squid wrapped around the face of humanity, relentlessly jamming its blood funnel into anything that smells like money.” Today, they’re the Wall Street megabank that dodged securities fraud charges by greasing the hand of government with $550 million while their 34-year old salesman stood trial for the crimes.

Yesterday, nine jurors found that a Goldman Sachs vice president, Fabrice Tourre, (infamously known as Fabulous Fab from an email in the case) was liable on six counts of violating federal securities law by intentionally misleading investors. Just what his penalty will be and whether he will be barred from ever working again on Wall Street will be determined at a later date.

The Securities and Exchange Commission, which has no criminal powers, brought the case as a civil suit. Only the U.S. Justice Department can bring criminal cases and it has yet to bring one against any top executive at a major Wall Street firm.

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