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Matt Taibbi on Wall Street

Sat March 5, 2011

http:Why Isn't Wall Street in Jail?

Good question, Matt Taibbi in the Rolling Stone gives us the answers. Note, now typical Rolling Stone language in the article, be forewarned. 

Picture 11 But, he is right. The government busts small time drug dealers and worse, users, illegal immigrants but fleece Fannie Mae, take Bear Stearns to the cleaners and need a bailout, no problem. As James Stewart said in Den of Theives, the Lions lay Down with the Lambs, no one watching this flock indeed. 

See our comments on Bought and Paid For as well as Stickup in the sidebar and previous post. 

 

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3 responses to “Matt Taibbi on Wall Street”

  1. William Holisky Avatar
    William Holisky

    Matt Taibbi is right on the money when he rights these articles. I think he is the most interesting news writter I have read. He tells it how it is and there is no sugar coating it. What the government is doing to bail out these companies is the worst possible things they can do in my eyes. I think that someone should do time just like Matt said in his articles. You have robbers, gangsters, murderers, and drug dealers who get cracked down on hard but the government cannot seam to come down on big business when they faulter like Lehman Brothers and AIG did. I hope that someone figures out who got all this money they lost and someone does hard time for it. Didnt someone go to jail for the Enron scandal? Wasnt it Ken Lay who went to prison. This is the same ordeal but I think in a bigger scale because it is on Wall Street where lots of citizens around the world have their bets in on Corporations to make money.

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  2. Dennis Elam Avatar
    Dennis Elam

    Actually it was Jeff Skilling the CFO who went to prison, Lay was going but ‘died’ escaping his fate. My wife still believes he took a powder like a similar character on the tv show Damages. The prospect of being in jail would not have fit Lay’s self image of himself.

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  3. William Holisky Avatar
    William Holisky

    Oh well I guess I got the names backward because I thought Jeff Skilling was the one that died. Well In all seriousness these big business banks are out of their mind with the decisions they have made and I think should pay for it.

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