In the new American ghetto, the nightmare engine is bubble economics, a kind of high-tech casino scam that kills neighborhoods just like dope does, only the product is credit, not crack or heroin. It concentrates the money of the population in just a few hands with brutal efficiency, just like narco-business, and just as in narco-business the product itself, debt, steadily demoralizes the customer to the point where heโs unable to prevent himself from being continually dominated.
Matt TaibbiThere are some who think that the government is limited in how many corruption cases it can bring against Wall Street, because juries can't understand the complexity of the financial schemes involved. But in 'U.S.A. v. Carollo,' that turned out not to be true.
Matt TaibbiOnce you give an NFL player permission to have thoughts, you invite all kinds of mischief.
Matt TaibbiThe problem with the Tea Party is that it's been used in a way that scares people into supporting an agenda that's counter to their own interests.
Matt TaibbiLike wars, forest fires and bad marriages, really stupid laws are much easier to begin than they are to end.
Matt TaibbiCriminal justice, as it pertains to the Goldmans and Morgan Stanleys of the world, is not adversarial combat, with cops and crooks duking it out in interrogation rooms and courthouses. Instead, it's a cocktail party between friends and colleagues who from month to month and year to year are constantly switching sides and trading hats.
Matt Taibbi