Democracy Gone Astray

Democracy, being a human construct, needs to be thought of as directionality rather than an object. As such, to understand it requires not so much a description of existing structures and/or other related phenomena but a declaration of intentionality.
This blog aims at creating labeled lists of published infringements of such intentionality, of points in time where democracy strays from its intended directionality. In addition to outright infringements, this blog also collects important contemporary information and/or discussions that impact our socio-political landscape.

All the posts here were published in the electronic media – main-stream as well as fringe, and maintain links to the original texts.

[NOTE: Due to changes I haven't caught on time in the blogging software, all of the 'Original Article' links were nullified between September 11, 2012 and December 11, 2012. My apologies.]

Thursday, December 13, 2012

Matt Taibbi on the Unfolding Libor Scandal and What Sen. DeMint’s Departure Means for Fractured GOP

News of HSBC’s $1.9 billion fine comes as three low-level traders were arrested in London as part of an international investigation into 16 international banks accused of rigging a key global interest rate used in contracts worth trillions of dollars. The London Interbank Offered Rate, known as Libor, is the average interest rate at which banks can borrow from each other. We’re joined by Matt Taibbi, Contributing Editor for Rolling Stone magazine and author of "Griftopia: A Story of Bankers, Politicians, and the Most Audacious Power Grab in American History." Taibbi also comments on the departure of Republican senator and Tea Party-favorite Jim DeMint of South Carolina.

Video
Source: Democracy Now!
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