Home / Quotes / Quote by Matt Taibbi

Quote by 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.”

Quote by Matt Taibbi

Author

Matt Taibbi is an American author known for his critical reporting on the financial industry. His work often exposes corruption and injustice within the financial sector and is widely recognized for his sharp commentary. more

You May Also Like

“2008 was to the American economy what 9/11 was to national security. Yet while 9/11 prompted the U.S. government to tear up half the Constitution in the name of public safety, after 2008, authorities went in the other direction.”

Government Names Half Economy Security Tears Authority Constitution Safety National Security American Economy Public Safety

Author:Matt Taibbi

“Amendments occupy a great deal of most legislators' time, particularly those lawmakers in the minority. Members of Congress do author major bills, but more commonly they make minor adjustments to the bigger bill.”

Deals Members Majors Bigger Bills Congress Minorities Amendments Minors Adjustment Legislators Lawmakers

Book:Smells Like Dead Elephants: Dispatches from a Rotting Empire

Source: Smells Like Dead Elephants: Dispatches from a Rotting Empire

“By creating an urgent crisis that can only be solved by those fluent in a language too complex for ordinary people to understand, the Wall Street crowd has turned the vast majority of Americans into non-participants in their own political future.”

People Political Language Streets Wall Creating Ordinary Crisis Majority Complexes Crowds Ordinary People Urgent Participants Fluent

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 Beens Helping Company Player Streets Wall Selling Firm Sellers Enron

Author:Matt Taibbi

“Candidates don’t want to be associated with poor people, people who have jobs or are ugly; they want to be associated with a certain middle class demographic, so as a result they leave those others out completely.”

People Want Jobs Certain Poor Results Class Middle Ugly Candidates Middle Class Poor People Demographics

Author:Matt Taibbi

“Comparing your family budget to the sovereign debt of the United States is a little like comparing two kindergartners tossing a paper airplane to the Apollo 11 mission.”

Littles Two States United United States Paper Missions Debt Compare Budgets Airplane Sovereign Apollo Apollo 11 Paper Airplanes

Author:Matt Taibbi

“Creating legislation is a tough process. But watering down legislation? Strangling it with lawsuits and comment letters and blue-ribbon committees? Not so tough, it turns out.”

Turns Process Creating Tough Letters Blue Comment Committees Legislation Ribbons Lawsuit Strangling

Author:Matt Taibbi

“Criminal justice, as it pertains to the Goldmans and Morgan Stanleys of the world, is not adversarial combat, with cops and crooks duking it out in interrogation rooms and courthouses. Instead, it's a cocktail party between friends and colleagues who from month to month and year to year are constantly switching sides and trading hats.”

World Years Sides Justice Rooms Party Months Criminals Hats Combat Cop Colleagues Trading Cocktails Criminal Justice Stanley Crooks Interrogation Switching Cocktail Parties Courthouses

Author:Matt Taibbi

“For the broadcast business to be successful, viewers need to be not merely interested in our political melodramas, they have to be in an absolute state about them - emotionally invested in the outcome and frightened not to watch what happens next.”

Needs States Happens Political Next Watches Successful Absolutes Outcomes Being Successful Frightened Viewers Melodrama

Author:Matt Taibbi

“George Bush and John Ashcroft were religious in a scary way, but the rational among us could always take heart that, deep down, the Bush administration was more cynical than messianic.”

Way Heart Religious Scary Rational Administration Cynical Deep Down

Author:Matt Taibbi