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Why Isn’t Wall Street in Jail?

In Anonymous, News, NWO, Wall Street on March 15, 2011 at 1:31 AM

Nobody goes to jail” writes Matt Taibbi in his latest article, featured in this month’s 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.” Here is the complete interview from which we played an excerpt on our Feb. 22 show. 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.

Rolling Stone: Matt Taibbi – Why Isn’t Wall Street in Jail?



Amy Goodman also points out another interesting paper at the beginning of the video:

“Let me read a sentence from a recent paper by Dean Baker, who concludes, “Most of the pension shortfall using the current methodology is attributable to the plunge in the stock market in the years 2007-2009. If pension funds had earned returns just equal to the interest rate on 30-year Treasury bonds in the three years since 2007, their assets would be more than $850 billion greater than they are today.”And this—he quotes David Cay Johnston of tax.com: “The average Wisconsin pension is $24,500 a year, which is hardly lavish. But what is stunning is that 15% of the money contributed to the fund each year is going to Wall Street in fees.”

Related Links:

Inside Job (2010)

Anonymous: A99 – Operation Empire State Rebellion

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