Tag Archives: Matt Taibbi

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/

ObamaCare

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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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GE Christenson ~ The Power And Greed Pyramid

Deviant Investor | December 31 2012

pyramid

Outrageous HSBC Settlement Proves the Drug War is a Joke” says Matt Taibbi of the Rolling Stone. He leads with “If you’ve ever been arrested on a drug charge, if you’ve ever spent even a day in jail for having a stem of marijuana in your pocket or “drug paraphernalia” in your gym bag, Assistant Attorney General and longtime Bill Clinton pal Lanny Breuer has a message for you: Bite me.” Taibbi is refreshingly direct. Please read his article.

The settlement shows, in my opinion:

  • The excuse was “Criminal prosecution might topple the bank and endanger the financial system.” If that is true (doubtful) in what condition is our financial system, even after $Trillions of bailouts? If it is not true, what does that say about the “rule of law” and corruption at the top?
  • Laundering $Billions in drug money is a criminal offense, but not prosecutable, if done by politically connected bankers.
  • If bankers are not prosecuted for “vast and prolonged” money laundering and aiding “terrorism” then we have a clear confirmation that “too big to fail” (TBTF) banks are higher up the power pyramid than government officials.
  • Supposedly the war on drugs is important. We have spent $Billions and put millions in jail to discourage drug use (How is that working for us?) so it must be important. But apparently it is actually not important if a TBTF bank is laundering $Billions in drug money each year (month?).
  • Supposedly the war on terrorism is important. We have spent $Trillions and killed many people to fight “terrorism” (How is that working for us?) so it must be important. But apparently it is not important if a TBTF bank is assisting the illegal transfer of $Billions to terrorist organizations.

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Matt Taibbi ~ Another Goldman Creature Given Vital Government Post

Reader Supported News | December 7 2012

Big news yesterday in the United Kingdom, where the citizenry surveyed its domestic banking system and discovered that it couldn’t find a single person trustworthy enough to put in the top job at the Bank of England. So they went to Canada and stole that country’s central banker, Mark Carney, who just happens to be a former Goldman, Sachs executive – he was once Goldman’s managing director of investment banking.

Carney’s appointment may be seen as an admission that the British banking sector is now so tainted, only an outsider can be trusted to govern them. Almost all of the major English banks have been dinged by ugly scandals. The LIBOR mess, in which banks have been caught messing around with global interest rates for a variety of sordid reasons, has most infamously implicated Barclays, but the Royal Bank of Scotland isalso a cooperator in those investigations.

Meanwhile, HSBC has been accused of laundering billions of dollars of Mexican drug money, a monstrous mess that recalls the infamous Bank of New York scandal of the late Nineties involving Russian mob money; officials have described the HSBC culture as “pervasively polluted.” And the British bank Standard Chartered is now being forced to pay $330 million to settle claims that it laundered hundreds of billions of dollars on behalf of Iran.

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