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Taibbi on Revolving Door at SEC

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  • Description

    Rolling Stone’s Matt Taibbi on his latest article ‘Shredded Justice’.

  • Duration 4:46
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Now some incidentally are shrouded justice there -- sincere destroyed evidence current this year.

Rolling Stone on the dinner do some mr.

dupers -- Michel -- did duties and Michelle Bachmann yes about a wars and -- oil wells ever birth to the epithet.

I got a very real organizer got -- -- of those who did a real good directly so a lot of she thinks he's jurors Jesus moved into effect at the as a result of -- a terrorist during.

Mexican just about to get started on that you know we we we just closed this thing last week public it looks like repairs in the processors -- on the NAFTA adjustments in time down in Texas.

-- interest the thing is that I actually spent.

Five or six months living in and and as a as a member of the cornerstone church down in Texas which all of us were crazy John he's church.

And Rick Perry had you know has some ties to John -- so.

And they re revisit some of those old haunts and and and see exactly what the folks think of increased yield governor -- on there.

-- -- -- Welsh you should talk drew.

About to return restricting Freeman ran against him for governor oh right yeah I'm sure he's got plenty of Ecstasy and no drinking no I do not I do not romantic love -- there yeah.

Or knowing zions is better the rest of these on -- this morning in a -- okay unaudited loved thank you so excellent excellent titles openly.

The c'mon now Dagen McDowell surge is all -- jacked -- about business and most Honda NASCAR.

And I'm document mr.

tie every day I get about those short shredded justice says the SEC destroyed evidence and all out.

-- right questions one else we should beer.

Which it just commonplace -- what net and it does this was standard procedures so it was a one anything and He was stupid.

-- widen the -- areas was a.

But kind of defense and how you look at it was it was definitely so it wasn't and occasional this was on the SEC's internal web -- at said when you when you have a matter and under in Korea new clothes that you should dispose of all documents.

Obtained in connection with this movie so.

That was on the let's say that I called the SEC and asked about that I said is that true there like you have as -- how long has this been going on they said.

We don't have any evidence that this hasn't always been the policy.

So.

You know what was it nefarious or not money in it it it's hard to say they don't could be don't know what then motivations were but it's.

It's certainly a normal cop doesn't destroy his -- -- it is his own intelligence -- mean you had.

Thousands of investigators who worked these cases you know in some cases for months.

Digging up leaves and and interviewing people and gathering in you know evidence and now all that's that's gone so.

And whether it's nefarious -- -- one of its it nefarious or stupid or maybe both what a surprise that they're both -- and and McConnell.

We're very American excuses and try to cover up yeah.

Further address it and it is records and yeah credit card and give us an unbelievable now that's a that's a that's likely why it up a lunch yes medical -- I.

I just don't have any expectation for government to do better than that that's all.

-- you -- and I did hear a lot of that I you know I I would call people up for comment about this and saying.

You know would you be surprised to hear that the SEC was enough basically throwing -- -- and evidence out the window and you know.

I didn't hear anybody who's next -- -- sort of throw up their arms and surprises -- gosh that's amazing and completely.

There's also a huge revolving door and -- how much you talked about this but between Wall Street in the SEC all these agencies -- these guys work making whatever they make.

Under grand a year and then take a huge Wall Street job making millions of dollars a year so that messes up all the the incentives and conflicts of interest and everything -- -- Sure in fact that's a that's actually a big part of this -- complaint is that He was personally to you before He was maintaining records He was an investigator.

And back in 2000 He was working on a case involving tuition bank and bankers trust there was a securities fraud case He asked for permission of to -- -- turn this into a lawsuit.

And it was denied and then like a week later.

The enforcement director -- walker.

Became the General Counsel -- -- bank and this is this is the kind of thing that kind of you don't want the SEC it's it's a revolving door issue.

I've got a great idea why should -- -- continue this discussion.

You know you would even yeah here to show at play a little bit about the vice president where where you could have message I it is again oh -- -- -- while -- brought down to meg repairs live on nightmare.

I'm -- -- that's a -- thank you.

Of lectures thoughts on front bumpers should bad -- -- -- road map tired heroic so Magdalene one economic He wouldn't shorter -- -- twelve.

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