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For a better article: http://www.rollingstone.com/politics/news/why-isnt-wall-street-in-jail-20110216 http://www.rollingstone.com/politics/news/why-isnt-wall-st

For a better article: http://www.rollingstone.com/politics/news/why-isnt-wall-street-in-jail-20110216 http://www.rollingstone.com/politics/news/why-isnt-wall-stre... The short of it is that many of the people that work for the SEC and the Justice Department are themselves financial industry insiders who have no interest in pursuing their friends or ruining their professional futures.

anigbrowl 15y ago
"That's right," he said, signaling to the waitress for the check. "Everything's fucked up, and nobody goes to jail. You can end the piece right there." As I heard it, that was the sarcastic end to a 'conversation' in which Taibbi persisted in ignoring any information that did not fit that narrative. The DoJ has put a string of financial industry people in jail for fraud but Taibbi never, ever tells his readers about those cases. TBW was one of the largest mortgage brokers in the country and the almost entire C-suite went to jail; the chairman got 30 years. Taibbi's sole comment on this was that he was 'the exception that proves the rule.' Complete bullshit. Matt Taibbi's schtick is to endlessly repeat that the system is broken that nobody cares so he can reap pageviews from the ignorant. You absolutely cannot rely on this guy for objective reporting. http://www.stopfraud.gov/news.html http://www.stopfraud.gov/news.html