No wonder, writes Matt Taibbi, who has written about the banks’ rigging of financial markets. warned that “mortgage-fraud crimes have reached crisis proportions.” He vowed bravely to fight back, but the Justice Department’s inspector general recently reported that, in fact, Holder’s department has made Wall Street crime its lowest priority and that, since 2009, the FBI has closed 747 mortgage-fraud cases with little or no investigation.

In 2010, Attorney General Eric Holder Jr. In a speech last year that chilled Wall Street, New York Federal Reserve President William Dudley said he feared that the tax dodging, money laundering, mortgage fraud and trampling on homeowners by America’s big banks might reflect not just a few bad actors but ethical flaws deep in the fabric of Wall Street. You can also show your support by clicking thru to the DONATE button for a one-time donation.Digital Replica Edition Home Page Close Menu Members make the Majority Report possible.

On The Fun Half: Kindergartener performance is cancelled because of standardized testing, mass shooting in a “must carry” town in Georgia, Random Rush, Obamacare hater becomes advocate after Obamacare saves his life and your IMs.Īlso take a look here for all of the links for today’s show here!Īnd keep the conversation going on our morning thread Journalist Matt Taibbi explains what drove him to write his new book The Divide: American Injustice in the Age of the Wealth Gap, how Wall gets away with criminality, how the poor are treated in today’s criminal justice system, the systemic abuse of the poor, statistic based policing policies and Stop and Frisk, the story of Andrew Brown, why is the prison population going up when crime is going down, bailouts and how Wall Street is never held accountable, the Barclays’ and Lehman Brothers deal, HSBC’s drug cartel money laundering, finance and “crimes of intellectual choice”, the Holder Memo, how Obama’s Department of Justice allows for Wall Street criminality, how American justice is resembling Soviet era justice and our hatred for those at the bottom of society.

The divide american injustice