February 18, 2011
Best Question Ever: “Why Isn’t Wall St. in Jail?”
Instead of prosecution, financial crooks get protection
Matt Taibbi, a journalist for Rolling Stone magazine, has been one of few people reporting on the financial crisis – and the crooks who caused it – almost since before it happened.
In his latest – and utterly infuriating article – Taibbi explores why, almost three years later, not one Wall Street executive or banker has gone to jail:
“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. Nobody, that is, except Bernie Madoff, a flamboyant and pathological celebrity con artist, whose victims happened to be other rich and famous people.”
Click here to read the full story: Why Isn’t Wall Street in Jail? But fair warning – if you are not already mad as hell, you most certainly will be after reading this article.
Illustration by Victor Juhasz for Rolling Stone.