(archived from November 8, 2014)
by Scott Creighton
“MATT TAIBBI: Well, I can’t stand here and tell you that Jamie Dimon committed a crime.” Matt Taibbi on Democracy Now
Matt Taibbi describes the sub-prime loan demolition conducted by the terrorist banksters this way: like putting a fresh coat of paint on a junkyard car and selling it as new to unsophisticated buyers.
I describe Matt’s “breaking news story” this way: like putting a fresh coat of paint on a junkyard car and selling it as “new” to Amy Goodman.
Yes, Matt Taibbi is back at Rolling Stone after his prime-time fallout with Glenn Greenwald’s CIA/USAID linked billionaire, Pierre Omidyar. He has a new “big story” out on Rolling Stone’s website in which he pretends to break a news story that’s been out for years – big banking sold toxic assets to various institutions in order to demolish the economy and profit from it.
This moment illustrates the most basic element of the case against Chase: The bank knowingly peddled products stuffed with scratch-and-dent loans to investors without disclosing the obvious defects with the underlying loans. Rolling Stone
Wow. Gee thanks Matt. Of course, Matt doesn’t tell you they did it on purpose in order to neoliberalize the country like so many other Economic Hitmen have done across the globe to so many other nations. Nah, he forgets that little part.
