The threat posed by Bank of America isn't just financial - it's a full-blown assault on the American dream. Where's the incentive to play fair and do well, when what we see rewarded at the highest levels of society is failure, stupidity, incompetence and meanness? If this is what winning in our system looks like, who doesn't want to be a loser?
Matt TaibbiBy incentivizing Wall Street players to sniff out inefficient or corrupt companies and bet against them, short-selling acts as a sort of policing system; legal short-sellers have been instrumental in helping expose firms like Enron and WorldCom.
Matt TaibbiThere is a reason it used to be a crime in the Confederate states to teach a slave to read: Literacy is power.
Matt TaibbiObviously the commercial news media tries to get you worked up and terrified so you'll buy products that they're advertising.
Matt Taibbi