You know what an effective deterrent to crime is? Jail! And do you know what kind of criminal penalty actually makes people think twice about committing crimes the next time? The kind that actually comes out of some individual's pocket, not fines that come out of the corporate kitty.
Matt Taibbi'Prop trading' is just a fancy term for banks gambling in the market for their own profit.
Matt TaibbiPolitics is about a lot more than winning and losing. I think politics at its best is about compromise, shades of grey and about issues.
Matt TaibbiPrivate equity firms aren't necessarily evil by definition. There are many stories of successful turnarounds fueled by private equity, often involving multiple floundering businesses that are rolled into a single entity, eliminating duplicative overhead.
Matt Taibbi