'Nobody goes to jail.' This is the mantra of the financial-crisis era, one that saw virtually every major bank and financial company on Wall Street embroiled in obscene criminal scandals that impoverished millions and collectively destroyed hundreds of billions, in fact, trillions of dollars of the world's wealth - and nobody went to jail.
Matt TaibbiFor a country founded on the idea that rights are inalienable and inherent from birth, we’ve developed a high tolerance for conditional rights and conditional citizenship.
Matt Taibbi'Prop trading' is just a fancy term for banks gambling in the market for their own profit.
Matt TaibbiTo Wall Street, a firm like BP isn't just a profitable energy company with lots of assets like oil rigs and pipelines and gas stations - it's also a corporation that routinely borrows hundreds of millions of dollars to keep its business up and running.
Matt TaibbiLike wars, forest fires and bad marriages, really stupid laws are much easier to begin than they are to end.
Matt Taibbi