At least Bank of America got its name right. The ultimate Too Big to Fail bank really is America, a hypergluttonous ward of the state whose limitless fraud and criminal conspiracies we’ll all be paying for until the end of time. Matt Taibbi Read Quote
Creating legislation is a tough process. But watering down legislation? Strangling it with lawsuits and comment letters and blue-ribbon committees? Not so tough, it turns out. Matt Taibbi Read Quote
An unregulated derivatives market essentially gives Wall Street a way to place hidden taxes on everything in the world. Matt Taibbi Read Quote
You might think otherwise, but it doesn’t naturally follow that because a law has been passed by Congress and signed by the president, said law actually has to be implemented. Matt Taibbi Read Quote
Over the years, many in the public have become numb to news of financial corruption, partly because too many of these stories involve banker-on-banker crime. Matt Taibbi Read Quote
There are some who think that the government is limited in how many corruption cases it can bring against Wall Street, because juries can’t understand the complexity of the financial schemes involved. But in ‘U.S.A. v. Carollo,’ that turned out not to be true. Matt Taibbi Read Quote
Within the cult of Wall Street that forged Mitt Romney, making money justifies any behavior, no matter how venal. Matt Taibbi Read Quote
