Why is JP Morgan getting so much heat? Maybe because it is a massive international crime syndicate.
Matt TaibbiThe basic scam in the Internet age is pretty easy even for the financially illiterate to grasp. It was as if banks like Goldman were wrapping ribbons around watermelons, tossing them out fiftieth-story windows, and opening the phones for bids. In this game you were a winner only if you took your money out before the melon hit the pavement.
Matt TaibbiIf anything, the bailouts actually hindered lending, as banks became more like house pets that grow fat and lazy on two guaranteed meals a day than wild animals that have to go out into the jungle and hunt for opportunities in order to eat.
Matt TaibbiThe House Rules Committee is perhaps the free world's outstanding bureaucratic abomination - a tiny, airless closet deep in the labyrinth of the Capitol where some of the very meanest people on earth spend their days cleaning democracy like a fish.
Matt TaibbiIf you look back in history, as the barbarians were invading the gates of Rome, people were consulting fortunetellers and worrying about the end of the world and all sorts of other apocalyptic notions. When the tsars were finally overthrown, they were all reading tarot cards even as the revolutionaries were banging at the gates.
Matt Taibbi