Article written by Prieur du Plessis, editor of the Investment Postcards from Cape Town blog.
“Nobody goes to jail,” writes Matt Taibbi in the new issue of Rolling Stone magazine. “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.” In an interview with Democracy Now!, Taibbi explains how the American people have been defrauded by Wall Street investors and how the financial crisis is connected to the situations in states such as Wisconsin and Ohio.
Source: DemocracyNow.org (via YouTube), February 22, 2011(hat tip: Financial Doom Blog).
“Why isn’t Wall Street in jail?” asks Matt Taibbi was first posted on February 23, 2011 at 7:10 am.
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