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deadgoon posted:im listening to the tarfu report and im supposed to feel bad for some bankers because they're "the good ones" and also chinese? That one is perhaps not the best episode to start. That one is a sort of follow up from the previous one. On the previous one, they talked to David Dayen, who wrote this: https://www.thenation.com/article/how-americas-biggest-bank-paid-its-fine-for-the-2008-mortgage-crisis-with-phony-mortgages/ On the TARFU report he goes into a lot more detail. The TLDR version is that the punishment the Obama administration settled on for the banks involved in the 08 crisis included financial relief for affected homeowners. And then what the banks like JP Morgan did was to first sell some of the mortgages they still owned, and then send letters forgiving the debt to the homeowners. In other words, the banks used fraud to pay the fines for their previous fraud, in the process screwing homeowners and/or the new owners of the debt. The Obama administration and people at the NY DA's office were aware of this, but decided to do nothing because if they did it would hurt the soundbite that had recovered X amount of money from the banks. So that one may seem just like "banks=good," but it makes more sense as a follow up to the previous one. Two sides of the same coin: they did nothing against JP Morgan because it would make them look weak on financial crimes, and they threw the book at the small community bank because it would make them look tough on financial crimes.
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Oct 24, 2017 06:21
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| # ¿ May 14, 2024 14:22 |
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The most recent episode of The Dig with Frances Fox Piven is super good in terms of talking about organizing.
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Feb 10, 2018 02:51
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Latest woo-cast has a pretty good discussion of corporate power in elections and ALEC.
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Mar 2, 2018 17:53
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The latest Champagne Sharks with Wendi Muse is pretty good if people want to understand more about Brazil
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Mar 28, 2018 16:24
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Speaking of Wendi Muse, her podcast is LeftPOC, and the latest episode has some really great discussion of the Bernie campaign from the perspective of insiders.
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Apr 2, 2018 04:13
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