Matt Taibbi Reveals Financial Crisis Smoking Gun - Ratings agencies sold good ratings for cash

[Triana]

Ratings agencies are expected to provide solid guidance about investments. Rolling Stone's Matt Taibbi joins Chris Hayes to explain how newly-revealed documents reveal corruption and dishonesty at the core of our financial industry. . . .

http://video.msnbc.msn.com/all-in-/52269749#52269749

[HooptieWagon]

1. Nothing will happen.

If Taibbi has those Docs, then its logical to assume the govt has had then for years. Since nothing has happened by now on legal front, the only possible conclusion is the govt is protecting the guilty parties.

[Triana]

2. I agree. Likely nothing will happen. Gov't is covering corprat asses

...because that's who pays them to do it.

[HooptieWagon]

3. We have essentially a one-party system....

...the Corporate Party, which has a republican faction and a democratic faction. The few remainders are brave souls, but only as effective as voices in a tornado. Looks grim, but can't ever give up.

[alcibiades_mystery]

4. Tell me something I didn't know in 2008

Ratings agencies trading ratings for cash?

No fucking shit.

[RainDog]

5. Crooks. They failed as an oversight agency

who watches the watchers?

[HiPointDem]

6. the hidden secret of capitalism; the big boys rig everything. & i mean everything.

[newfie11]

7. This whole country is so corrupt

From politicians on down.