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Matt Taibbi
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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.
- Matt Taibbi
#Against
#Legal
#Players
#Street
#System
Wall Street has turned the economy into a giant asset-stripping scheme, one whose purpose is to suck the last bits of meat from the carcass of the middle class.
- Matt Taibbi
#Meat
#Middle Class
#Purpose
#Street
I actually never thought that Barack Obama was anything but a typical Democratic party politician, which to me meant that he was probably in bed with Wall Street.
- Matt Taibbi
#Bed
#Me
#Never
#Politician
#Street
When push comes to shove, we all should know most Americans want the same things, but just disagree on how to get there, which is why it should be okay to not panic if the other party wins.
- Matt Taibbi
#Know
#Okay
#Panic
#Push
#Why
You win the modern financial-regulation game by filing the most motions, attending the most hearings, giving the most money to the most politicians and, above all, by keeping at it, day after day, year after fiscal year, until stealing is legal again.
- Matt Taibbi
#Day
#Game
#Legal
#Money
#Win
The NFL, sadly, has a fatal environmental problem: It kills its workers.
- Matt Taibbi
#Environmental
#NFL
#Problem
#Workers
What we Americans go through to pick a president is not only crazy and unnecessary but genuinely abusive. Hundreds of millions of dollars are spent in a craven, cynical effort to stir up hatred and anger on both sides.
- Matt Taibbi
#Anger
#Crazy
#Effort
#Go
#Hatred
There are some who think that the government is limited in how many corruption cases it can bring against Wall Street, because juries can't understand the complexity of the financial schemes involved. But in 'U.S.A. v. Carollo,' that turned out not to be true.
- Matt Taibbi
#Corruption
#Government
#Street
#True
In modern American politics, being the right kind of ignorant and entertainingly crazy is like having a big right hand in boxing; you've always got a puncher's chance.
- Matt Taibbi
#American
#Chance
#Crazy
#Politics
#Right
If anything, the bailouts actually hindered lending, as banks became more like house pets that grow fat and lazy on two guaranteed meals a day than wild animals that have to go out into the jungle and hunt for opportunities in order to eat.
- Matt Taibbi
#Day
#Fat
#Grow
#Jungle
#Wild
Sarah Palin is a symbol of everything that is wrong with the modern United States. As a representative of our political system, she's a new low in reptilian villainy, the ultimate cynical masterwork of puppeteers like Karl Rove.
- Matt Taibbi
#Everything
#New
#Political
#She
#Wrong
Within the cult of Wall Street that forged Mitt Romney, making money justifies any behavior, no matter how venal.
- Matt Taibbi
#Behavior
#Making Money
#Money
#Street
In other countries they have histories with revolutions and class movements. In America, people don't like to think of themselves like being in a lower class. They all like to think of themselves as potential millionaires.
- Matt Taibbi
#America
#Being
#Class
#People
#Potential
The House Rules Committee is perhaps the free world's outstanding bureaucratic abomination - a tiny, airless closet deep in the labyrinth of the Capitol where some of the very meanest people on earth spend their days cleaning democracy like a fish.
- Matt Taibbi
#Democracy
#Fish
#Free
#Rules
#World
At root, the Tea Party is nothing more than a them-versus-us thing.
- Matt Taibbi
#More
#Nothing
#Party
#Tea
#Thing
Obviously, people who commit crimes should be punished. Even people who steal socks and 'Snow White' videos should probably do time if they have priors, especially serious priors. But the punishment has to fit the crime, and the standard has to be the same for everyone.
- Matt Taibbi
#People
#Punishment
#Serious
#Time
#White
It's not a stretch to say the whole financial industry revolves around the compass point of the absolutely safe AAA rating. But the financial crisis happened because AAA ratings stopped being something that had to be earned and turned into something that could be paid for.
- Matt Taibbi
#Crisis
#Financial
#Point
#Safe
#Say
There is a reason it used to be a crime in the Confederate states to teach a slave to read: Literacy is power.
- Matt Taibbi
#Literacy
#Power
#Reason
#Teach
#Used
Capitalism is a system for determining objective value.
- Matt Taibbi
#Capitalism
#Objective
#System
#Value
If the law doesn't apply equally to everybody, then you don't really have a system of law.
- Matt Taibbi
#Apply
#Everybody
#Law
#System
#Then
Conspiracy theorists of the world, believers in the hidden hands of the Rothschilds and the Masons and the Illuminati, we skeptics owe you an apology. You were right. The players may be a little different, but your basic premise is correct: The world is a rigged game.
- Matt Taibbi
#Conspiracy
#Game
#Hands
#Right
#World
The threat posed by Bank of America isn't just financial - it's a full-blown assault on the American dream. Where's the incentive to play fair and do well, when what we see rewarded at the highest levels of society is failure, stupidity, incompetence and meanness? If this is what winning in our system looks like, who doesn't want to be a loser?
- Matt Taibbi
#Failure
#Loser
#See
#Society
#Stupidity
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