One loves one's country the way one loves a family member. And sometimes that family member does really embarrassing, shitty things. But you still love them.
Matt TaibbiIn a pure capitalist system, an institution as moronic and corrupt as Bank of America would be swiftly punished by the market - the executives would get to loot their own firms once, then they'd be looking for jobs again.
Matt TaibbiHaving lived in a collapsed empire before - I lived in Russia right after the Soviet Union collapsed - you can see a lot of the classic signs of an empire that's on its way out.
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 Taibbi