Allow me to join Manny in my condemnation of Matt Taibbi.

[trumad]

I found Mr. Taibbi on the Internets about 10 years ago and I've hated his guts ever since for writing about things that are near and dear to my heart.

I like Big Banks---I like Wall Street, I like removing regulations from both.

I like derivatives, I like bundled loans, and I like that in 1998 they were finally deregulated. You go Larry Summers, Alan Greenspan, Bob Rubin.

I like insurance conglomerates that insure bad derivatives and bundled loans. You go AIG!

I like guys who think Women aren't quite as smart as Men---you go Larry Summers!

I like that the Glass-Steagall Act went bye bye in 2000. You go Larry summers and his Assistant, Tim Geithner.

I like when the Gramm-Leach-Bliley Act removed the separation between investment and commercial banks.

A hack like Matt Taibbi who writes for a Hippie, Pot Smoking magazine like the Rolling Stone, should not be allowed to criticize these hallowed institutes and great men and should not be allowed on this wonderful, reality based site.

So I walk side by side with Manny in the condemnation of Matthew Taibbi and it is my hope that he get's placed in the same category as Chemtrails, LIHOP, etc. and the mention of his name becomes a PPR offense.

[hobbit709]

1. The sarchasm challenged will have a cow.

[alcibiades_mystery]

2. Never mind the spelling Nazis!

[Jackpine Radical]

37. Sarchasm--Brilliant.

Sarchasm=the gap between those who get it & those who don't.

[markpkessinger]

63. LOL! n/t

[pasto76]

72. no, not really. "3rd way" was about cutting medicaid and SS

and since that doomsday prohecy didnt come to pass, this is a real stretch to keep that stupid '3rd way' thing going.

Its not fun. Its not funny
-billy cristal

[silvershadow]

74. This post is more like a sargasm.

[Blue Palasky]

87. I was about to blow a gasket

And then I rtfa and laughed

[KoKo]

3. ahh....you and Manny....

's

[xchrom]

4. ...

[Dragonfli]

5. Are you Will Marshall? I lurves you and agree!!!

[banned from Kos]

6. Face it, outside the tiny little enclave of bank griefers

no one cares about Matt Taibbi.

http://www.reuters.com/article/2013/01/07/us-bofa-msrs-sale-idUSBRE9060D220130107

(Reuters) - Bank of America Corp said it will pay $3.6 billion to Fannie Mae to settle claims related to residential mortgage loans for the nine years to the end of 2008.

The bank also entered into agreements with Nationstar Mortgage Holdings LLC and Walter Investment Management Corp to sell about $306 billion of residential mortgage servicing rights.

The rights allow banks to earn fees from mortgage investors in exchange for collecting home loan payments from borrowers.

More justice that Taibbi will ignore.

[Octafish]

10. Like the time when HSBC made $22 billion and got fined $2 for drug money laundering?

A slap on the wrist! Are you kidding me? People get their lives ruined for bouncing a check and banksters get away, scot-free.

Slap on the wrist for drug dealer's bank

Justice Department outlines HSBC transactions with drug traffickers

By Peter Finn and Sari Horwitz
Washington Post, Tuesday, December 11, 6:18 PM

Mexico’s fearsome Sinaloa Cartel was so practiced at laundering millions of dollars in drug profits at the Mexican branches of the global bank HSBC that it packed bulk cash in boxes that were measured to slide neatly under the teller windows.

The Justice Department’s record $1.9 billion settlement Tuesday with HSBC exposed the continuing ability of drug cartels, rogue nations and terrorist financiers to move billions of dollars through the international and U.S. banking systems.

SNIP...

But a string of august names in global banking — Credit Suisse, Lloyds Bank, ABN Amro, ING Bank N.V. and now HSBC — have reached settlements in the last couple of years with the U.S. government for billions of dollars in tainted transactions. These investigations have revealed that weaknesses in the financial system lay not with the so-called hawala brokers of Karachi, Pakistan, but the bespoke bankers of London, Amsterdam and Geneva, and their American affiliates.

SNIP...

One of the world’s largest banks, HSBC has its headquarters in London and $2.5 trillion in assets. It earned nearly $22 billion in profits in 2011.

CONTINUED...

http://www.washingtonpost.com/world/national-security/justice-department-outlines-hsbc-transactions-with-drug-traffickers/2012/12/11/1b8130c4-43bf-11e2-8061-253bccfc7532_story.html

Gee, Mr. Holder. You'd think someone would be going to jail or losing a business or their reputation. But, no. "Time to move on."



Cass Sunstein would approve.

[trumad]

12. Rather a bank griefer than a bank licker.

[grahamhgreen]

76. Someone stole 3.6 billion and NO ONE went to jail. Think, man!

[jehop61]

7. Now do we really

need such silliness on this site? Just folks liking to see themselves posted on nets, but signifying nothing.

[Scuba]

8. Are you referring to your own post? Or do you just not get sarcasm?

[jehop61]

45. Oh I do

"get" scarcasm. I srill think this thread is silly.

[grahamhgreen]

77. Will one of you guys expose how these right wing think tanks for blog posts work?

[Octafish]

9. You're late to the party, Trumad.

The Hate is on to Naomi Klein, now.

http://www.democraticunderground.com/10022146890

[SidDithers]

11. Dude, that thread is about Naomi Wolf, not Naomi Klein...

and you perfectly demonstrated the point I was making in my post in that thread.
http://www.democraticunderground.com/?com=view_post&forum=1002&pid=2147166

She gets instant, undeserved credibility...

because she's so often confused with Naomi Klein.

DUers get them mixed up all the time. Wolf is the one that spoke out in support of Ron Paul in 2007.

Sid

[Octafish]

13. No, you demonstrated the point, siddithers.

Mind other people's posts much, sid?

[SidDithers]

14. Are we supposed to take any of your research seriously...

when you can't tell the difference between Naomi Klein and Naomi Wolf?



Seriously, thanks for proving my point.

Sid

[Octafish]

18. Right you are, siddithers.

Thanks for proving my point.

BTW: When did you write anything to criticize Wall Street or their crooks in Washington? Ever?

[SidDithers]

19. The point that you think a post about Naomi Wolf is actually about Naomi Klein?...

it's OK to admit you goofed, you know.

This digging in your heels is kinda hilarious tho.

Sid

[Octafish]

23. Hilarious. How do you know that's not what I wanted to do?

And, if not, why the celebration if I made a mistake?

Either way, it shows you for what you are, siddithers.

Unlike Naomi Klein and Naomi Wolf, you never post anything critical of the banksters, siddithers. Why is that?

[Fuddnik]

24. The banks are so much better regulated in the Great White North?

[whatchamacallit]

44. Since you're setting the record straight

Are you a fan of Naomi Klein?

[shanti]

50. didn't you mean naomi wolf?

two different people.

[Octafish]

51. Yes and No.

Yes, I meant Naomi Wolf.
Yes, I also meant Naomi Klein for siddithers.

No doubt about it: The hate for truth runs deep.

[zappaman]

64. Nice recovery dude!

You totally got them confused and now act like you did it on purpose!
Well done!

[Octafish]

66. I also get them confused with Nomi Prins. All 3 loathe corruption, warmongers and banksters.

For example:

How Wall Street Won the Election Long Before The First Vote Was Cast

Four debates later, and it's clear that Big Finance will continue to drive our economy.

Nomi Prins
October 24, 2012 |

EXCERPT...

Pillars of Collusion

A few months ago, Paul Craig Roberts and I co-wrote an article about the LIBOR [5] scandal; the crux of which, was lost on most of the media. That is; the banks, the Fed, and the Treasury Department knew banks were manipulating rates lower to artificially support the prices of hemorrhaging assets and debt securities. But no one in Washington complained, because they were in on it; because it made the over-arching problem of debt-manufacturing and bloating the Fed’s balance sheet to subsidize a banking industry at the expense of national economic health, evaporate in the ether of delusion.

In the same vein, the Fed announced QE3, the unlimited version – the Fed would buy $40 billion a month of mortgage-backed securities from banks. Why – if the recession is supposedly over and the housing market has supposedly bottomed out – would this be necessary?

Simple. If the Fed is buying securities, it’s because the banks can’t sell them anywhere else. And because banks still need to get rid of these mortgage assets, they won't lend again or refinance loans at faster rates, thereby sharing their advantage for cheaper money, as anyone trying to even refinance a mortgage has discovered. Thus, Banks simply aren’t ‘healthy’, not withstanding their $1.53 trillion [6] of excess reserves (earning interest), and nearly $900 billion in mortgage backed securities parked at the Fed. The open-ended QE program is merely perpetuating the illusion that as long as bank assets get marked higher (through artificial buyers, zero percent interest rates, or not having to mark them to market), everything is fine.

Meanwhile, Washington coddles and subsidizes the biggest banks - not to encourage lending, not to encourage saving, and not to better the country, but to contain harsh truths about how badly banks played, and are still playing, the nation.

CONTINUED...

http://www.alternet.org/print/economy/how-wall-street-won-election-long-first-vote-was-cast

How come you never write about any of that Wall-Street-Pentagon-Washington corruption like Nomi Prins or Naomi Klein or Naomi Wolf, zappaman?

[zappaman]

68. Hmmmm

"How come you never write about any of that Wall-Street-Pentagon-Washington corruption like Nomi Prins or Naomi Klein or Naomi Wolf, zappaman?"

Maybe because they can do a better job than me?
Which, by the way, doesn't mean Naomi Wolf isn't full of shit with her recent OWS article...but you know that.

By the way, you never answered me in the other thread, my old friend...when have I ever threatened you?

Enjoy the game tonight!

[Zorra]

84. Third Way trolls are not ashamed to plainly lie and spin even when the truth

is right up in our faces.

They'll piss down your back and tell you it is raining while you watch them do it.

Lying sacks of shit.

[Shivering Jemmy]

15. I actually do like derivatives

The mathematics is elegant and, if inplemented in a conservative fashion, are a good way to mitigate risk. Unfortunately Wall Street began applying some dubious models in the late stage of the derivative rush.

[trumad]

16. As in loosening the regulations?

You can thanks Larry and Timmy for that.

[GeorgeGist]

54. Casino mindset.

[Shivering Jemmy]

55. Yep

[Ishoutandscream2]

17. LOL!! Digging this and Third- Way Manny

[cantbeserious]

20. Here, Here - All Hail To Manny

eom

[One of the 99]

21. Your argument seems to be

that as long has he is going after bad people, or people you don't like he should be given a free pass on the truth.

This is not the first time that someone on the left has called out Taibbi for playing fast and loose with the facts. http://prospect.org/article/errors-matt-taibbi

We just cheer on anyone who attacks the other side simply because they are attacking who we don't like, then we are just as bad as those who listen to Rush and watch FAUX News. We need to require a higher standard based on the facts because the facts are on our side. Someone like Taibbi who is at times fact-challenged, only hurts the credibility of our case.

[trumad]

34. Funny how you take a dumbass like Tim Fernholz,,,,,

as evidence that Taibbi is a hack.

Here's a nice little take down of the piece you site.

http://blogs.reuters.com/felix-salmon/2009/12/11/fernholz-vs-taibbi/

[One of the 99]

41. Never called Taibbi a hack.

So please don't put words in my mouth. But like it or not he does play fast and loose with the facts at times.

I'm standing up for the priniciple of the truth. The truth will always be our best argument. Don't you agree?

[trumad]

46. Never said you did....

funny---you use this guy's debunked piece as evidence that he Matt plays loose on the facts.

It appears you do as well.

[One of the 99]

52. Like it or not

Taibbi's creditibility has been called in to question more than once by people on the left. That's a problem. I believe that there needs to be a higher standard.

[frylock]

59. then it should be easy to come up with a second and/or third example..

of people on the left who have questioned taibbi's credibility.

[One of the 99]

78. You're missing the point.

You seem dedicated to defending Taibbi at all costs. That's the wrong priority. It should be to defend the truth at all costs.

[UnrepentantLiberal]

80. Asking you to back up your facts with facts is mising the point?

I bow to you, Sir. Move over Manny and Trumad. The big dog is in the house!

[One of the 99]

86. The goal should be

asking those on the left to adhere to a higher standard in regard to the truth. Otherwise we're just as bad as those who listen to Rush or watch FAUX. Why do so many find that objectionable?

[frylock]

89. i'm asking YOU to adhere to a higher standard in regard to the truth..

by providing those examples of those on "the left" who have criticized taibbi. your inability to produce such examples leads me to question your credibility.

[One of the 99]

90. You have the examples

But now you want more. You're just playing silly games to defend a person rather than stand up for the truth. Just like dittoheads on the right.

[frylock]

92. you provided ONE example. one.

try a little harder.

[One of the 99]

93. Guess you missed this

http://www.democraticunderground.com/?com=view_post&forum=1002&pid=2141335

[frylock]

94. a blog post?

a FUCKING blog post?!! bwahahahaha!!! try just a LITTLE bit harder, mkay? maybe provide something from a credentialed journo or renowned "liberal," not some jagoff from kos.

[frylock]

88. you had a point?

i'm still waiting for those examples, oh great defender of truth.

[One of the 99]

91. Yes

And you keep missing it.

[trumad]

70. Dude...everybody gets called into question on the left.

You really think there's perfection out there.

Matt has done more to expose Big Banks and Wall Street than any journalist out there.

Period!

[One of the 99]

79. True

but usually by those on the right. Taibbi has been repeatedly called out by those on the left. The priority should be to defend the truth, not a person.

[trumad]

83. repeatedly

Bullshit...

Called out like the dude you linked to?

You have an agenda Pal and its obvious.

[One of the 99]

85. My agenda is

standing up for the truth.

[Jackpine Radical]

42. Oooh, nice piece.

[Zorra]

22. It's wonderful to see long time liberal DUers finally growing up,

picking themselves up by their bootstraps, and getting with the status quo program of the Military Industrial Complex.

Accepting laissez faire capitalism and neoliberal policies is a sign of true maturity. And of course, all serious people know that only the very wealthy are wise enough to rule us all. The world has changed, and struggling for economic justice like doped up hippie war protesters is long gone.

Real change can only come through working within the system that Wall St. has so benevolently set up to keep the unwashed masses from hurting their bottom line us.

And, of course, all sensible people become conservative when they become old more mature!


I suspect there will soon even come a time when these long time DUers finally realize that Reagan, Bush, Cheney, and the PNAC weren't so bad for America after all!1!1! And we all know when this is gonna happen ~

[Jackpine Radical]

40. Old liberals are passé. All hail the new kind--the Neoliberal!

Which, happily, is pretty much the same thing as a Neoconservative, thus heralding a new era of prosperity for the prosperous.

[Octafish]

49. THIS

...is why DU.

[hay rick]

25. Zut alors! Now we have Third-Way trumad?

Third-Wayism must be contagious.

[Dragonfli]

30. He has his own identity, I think of him as "Triangulation Trumad"

[abelenkpe]

26. Taibbi is a big meany

A total, lying hack. He implied that republicans might have wanted to do something to right by providing a tiny bit of oversight on the huge sums of money we threw at them. And we should vilify him because democrats aren't smart enough to see the republicans feigned change of heart had anything to so with president Obama winning the election.

[Demo_Chris]

27. Who do YOU trust with your money?

Do you trust your pot smoking pal who cannot even remember where he left his pipe? Or do you trust your bank? Answer: your bank.

And if you can trust a bank with your own money, then surely we can trust banks to responsibly manage our nation's money. Where do all the banker people work? Wall Street!

I think we should petition President Obama to change th name Wall Street to 'Trust Street'! This is how I know that Matt Taibbi and his crusade against Wall Street (aka Trust Street) and bankers is wrong.

Also, President Obama needs to try and get more Wall Street people working in his administration because he doesn't have nearly enough.

[Fumesucker]

31. Oh, very good

You had me going for a sentence or two.

[Arkana]

38. What?

[karen3]

28. You are politically Illiterate

If you think Matt is all the things you posted or a hack, you haven't read ALL his work for ten years because I have.

[Fumesucker]

29. Poe's law

http://en.wikipedia.org/wiki/Poe's_law

Poe's law, named after its author Nathan Poe, is an Internet adage reflecting the idea that without a clear indication of the author's intent, it is difficult or impossible to tell the difference between sincere extremism and an exaggerated parody of extremism.[1]

[trumad]

33. "Illiterate"

Teh irony burns....

Welcome though..

Psss... stay away from Manny threads.

[LiberalAndProud]

53. you forgot the sarcasm tag

[trumad]

56. yep

Damn me

[Champion Jack]

32. Funny how you never see Manny and Trumad at the same party.............

[cer7711]

35. Heh!

Indeed.

[idwiyo]

36. Thank you Trumad and Manny for standing up to thugs like Taibbi!!!

[Romulox]

39. I like vanity threads! MANNY! TRUMAD! nt

[patrice]

43. The original critique of Taibbi was for 3rd-Wayish praise to Republicans

for fighting TARP and we ARE talking about some exceedingly nasty Republicans here, including Inhofe

There's some point to: how should Taibbi do this without giving guys like Inhofe and others anything they doesn't deserve?

...............

Judge for yourself.

Have a good day, all, and . . .

Carry on:

http://www.democraticunderground.com/10022141335

[warrprayer]

47. The Third Way is the Way to Go!

What a relief it is to realize I no longer have to fight those wingnuts tooth and nail!

[riverbendviewgal]

57. Me Too

[WillyT]

58. HUGE K & R !!!

[bvar22]

60. The Giant Invisible Hand thanks you!

DURec!!!

[SaveAmerica]

61. oooh sarcasmo!!

[tclambert]

62. Sarcasm and satire deserve to be banned forever and ever.

See, that was sarcasm about sarcasm. (Did I just blow your mind? If not, try reading it again after having more drugs.)

[MannyGoldstein]

65. Then Let Us All Join Together In Defeating Our Most Deadly Foe

That difficult woman, Elizabeth Warren.

Until Warren is gone from the Senate, we will never have a moment's rest... who knows what that woman is cooking up? We could wake up one day to find crimes by large financial institutions being prosecuted, or a serious attempt to block the Social Security Trust Fund from being handed to its legitimate owners, the Job Creators.

Regards,

Third-Way Manny

[trumad]

69. Give her a few days on the job...

[Cleita]

67. LOL!

[OccupyManny]

71. Brilliant!!

Bush should be cell mates with Maddoff.

[Squinch]

73. I like Rick Santelli. He's dreamy. And SO smart.

[MotherPetrie]

75. VAMPIRE squids are better than regular squids!

[Fire Walk With Me]

81. K&R!

[democrank]

82. Matt Taibbi simply can`t grasp the notion that

corporations are people too.

We have advanced. Gone are the days when we show up in a neighbor`s field for a barn raising. Now all we have to do is take the $1.6 million and 40 acres our fathers/grandfathers left us and buy our own damn barn.

Folks on the lower end could do the same, but no..................they just want to live in their cars and whine about being out of work or not being able to get disability from the Veteran`s Administration.

We had better start being grateful to the rulers. Without them there would be no theme parks.

[mmonk]

95. I condemn him so much, I'll recommend his book "Griftopia" which I received from my son as a gift

at Christmas. Excellent.

[woo me with science]

96. Kick