Friday, April 20, 2012

Matt Taibbi on Democracy Now--one year ago (plus a couple months)

"Why Isn't Wall Street in Jail?"http://www.democracynow.org/2011/2/22/matt_taibbi_why_isnt_wall_street
MATT TAIBBI:We have two-and-a-half million people in jail this country, you know, more than a million who are in jail for nonviolent crimes. And yet, we couldn’t find a single person on Wall Street to do even a day in jail for losing 40 percent of the world’s wealth in a criminal fraud scheme? ...this goes beyond the cliché that rich people have better lawyers and they have an advantage. This is a step beyond that. This is a situation where the system is completely corrupted, and it’s true regulatory capture. The SEC and the Justice Department are essentially subsidiaries of Wall Street.
AMY GOODMAN: Matt Taibbi, his new article for Rolling Stone magazine, "Why Isn’t Wall Street in Jail?" And you can go to our website for our web exclusive part two of that conversation. Who else does Matt Taibbi think should be in jail? http://www.democracynow.org/blog/2011/2/22/matt_taibbi_why_isnt_wall_street_in_jail

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