Guest Column–How the Big Banks Buy Their Way out of Criminal Indictments
Matt Taibbi on the total corruption of the US financial system and its regulatory authorities
Taibbi makes it clear that a few big banks own the government and are not subject to punishment under criminal law. When they commit a crime, they just pay a fine.
Matt Taibbi, Pam Martens, and Nomi Prins are the best financial reporters that we have, and, yes, you guessed it, they do not work for the Wall Street Journal, New York Times, BloombergBusinessWeek, or for the talking head TV financial shows. My hat is off to the three of them. They have taught me a lot.