“This is America: Corporate stealing is practically the national pastime, and Goldman Sachs is far from the only company to get away with doing it.” AmericaCompanyStealingCorporateGet AwayPastimeGoldman Sachs Author:Matt Taibbi
“'Nobody goes to jail.' This is the mantra of the financial-crisis era, one that saw virtually every major bank and financial company on Wall Street embroiled in obscene criminal scandals that impoverished millions and collectively destroyed hundreds of billions, in fact, trillions of dollars of the world's wealth - and nobody went to jail.” WorldFactsWealthCompanyMillionsSawsStreetsWallMajorsCrisisDollarsFinancialCriminalsBillionsDestroyedErasJailScandalMantrasObsceneFinancial Crisis Author:Matt Taibbi
“By incentivizing Wall Street players to sniff out inefficient or corrupt companies and bet against them, short-selling acts as a sort of policing system; legal short-sellers have been instrumental in helping expose firms like Enron and WorldCom.” Has BeensHelpingCompanyPlayerStreetsWallSellingFirmSellersEnron Author:Matt Taibbi
“It's really interesting that we've had this great Tea Party movement that is all about restoring free market capitalist values, but what they completely fail to understand is that what we've got now is a situation where there is a small class of gigantic financial companies that have put themselves above capitalism.” ValuesInterestingPartyCompanySituationClassFailingMovementCapitalismFinancialTeaCapitalistFree MarketReally InterestingTea PartyRestoringTea Party Movement Author:Matt Taibbi
“To Wall Street, a firm like BP isn't just a profitable energy company with lots of assets like oil rigs and pipelines and gas stations - it's also a corporation that routinely borrows hundreds of millions of dollars to keep its business up and running.” RunningEnergyCompanyMillionsStreetsWallDollarsOilFirmCorporationsGasStationsAssetsProfitablePipelineGas StationsRigs Author:Matt Taibbi
“There really are two Americas, one for the grifter class and one for everybody else. In everybody-else land, the world of small businesses and wage-earning employees, the government is something to be avoided, an overwhelming, all-powerful entity whose attentions usually presage some kind of financial setback, if not complete ruin. In the grifter world, however, government is a slavish lapdog that the financial companies that will be the major players in this book use as a tool for making money.” IfsWorldKindTwoBookUseGovernmentPowerfulAttentionCompanyClassPlayerLandMajorsToolsFinancialRuinsMaking MoneyEmployeeOverwhelmingEntityEarningSmall BusinessAvoidedSetback Author:Matt Taibbi
