Too Crooked to Fail

Matt Taibbi on MSNBC’s Dylan Ratigan show the other day talking about the systemic culture of corruption in the financial sector and how it’s rewarded and effectively encouraged by the American government.

In his latest Rolling Stone article (which is a must read) Taibbi describes Bank of America as “a hypergluttonous ward of the state whose limitless fraud and criminal conspiracies we’ll all be paying for until the end of time.” And it just gets better from there…

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3 Comments

Filed under Banking System, Corporate Crime

3 responses to “Too Crooked to Fail

  1. Peter

    Taibbi is wonderful, if a little overheated. The left would be a much more formidable force if it concentrated on this kind of stuff instead of Stevie the Meanie’s latest parliamentary outrage or Santorum’s musings on contraception. Another issue that is ripe for fisking, seen most prominently in Europe, is the rise of the central banker and the subordination of national fiscal policies to global monetary policies.

  2. I couldn’t agree with you more.

    If for nothing else, Taibbi will forever be remembered as the person who indelibly branded Goldman-Sachs as “a great vampire squid wrapped around the face of humanity, relentlessly jamming its blood funnel into anything that smells like money.” What a priceless description.

  3. Even Naughty by Nature knew that O.P.P. gets people excited. The contraception issue is framed as a larger debate on the “Republican War on Women”. That should get a certain segment of the voters to the polls in November. Both sides use social issues, this is just one of them.

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