Interest-rate swaps are a tool used by big cities, major corporations and sovereign governments to manage their debt, and the scale of their use is almost unimaginably massive. It's about a $379 trillion market, meaning that any manipulation would affect a pile of assets about 100 times the size of the United States federal budget.
Matt TaibbiIn a society governed passively by free markets and free elections, organized greed always defeats disorganized democracy.
Matt TaibbiThis is America: Corporate stealing is practically the national pastime, and Goldman Sachs is far from the only company to get away with doing it.
Matt TaibbiI think America has the best assholes in the world. I defy the Belgians or the Japanese to produce something like a Donald Trump.
Matt Taibbi