'Prop trading' is just a fancy term for banks gambling in the market for their own profit.
Matt TaibbiThe world's most powerful investment bank is a great vampire squid wrapped around the face of humanity, relentlessly jamming its blood funnel into anything that smells like money.
Matt TaibbiI get the cynicism thing all the time, although I don't really know where that comes from, because I think I'm actually the opposite of a cynic.
Matt TaibbiObviously, people who commit crimes should be punished. Even people who steal socks and 'Snow White' videos should probably do time if they have priors, especially serious priors. But the punishment has to fit the crime, and the standard has to be the same for everyone.
Matt Taibbi