Matt Taibbi. Rolling Stone - If Lloyd Blankfein or Jamie Dimon had come up with the concept of selling loosies, they'd go to their graves defending it as free economic expression that "creates liquidity" and should never be regulated.
Taking it one step further, if Eric Garner had been selling naked credit default swaps instead of cigarettes – if in other words he'd set up a bookmaking operation in which passersby could bet on whether people made their home mortgage payments or companies paid off their bonds – the police by virtue of a federal law called the Commodity Futures Modernization Act would have been barred from even approaching him.
1 comment:
Take it one step further: The taxes on "loosies" have already been paid.
Take it one step further: If people are so deep in poverty as to make a business of selling "loosies" worth anyone's time, any decent human being, judge, prosecutor, or policeman, would leave the "business" alone.
The chokehold is illegal. They killed because they could.
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