Matt Taibbi

Jail the Bankers

MATT TAIBBI: The rule of law isn’t really the rule of law if it doesn’t apply equally to everybody. I mean, if you’re going to put somebody in jail for having a joint is his pocket. You can’t let higher ranking HSBC officials off for laundering eight hundred million dollars for the worst drug dealers in the entire world.

via Jail the Bankers.

 

Choice of Mary Jo White to Head SEC Puts Fox In Charge of Hen House | Matt Taibbi | Rolling Stone

I was shocked when I heard that Mary Jo White, a former U.S. Attorney and a partner for the white-shoe Wall Street defense firm Debevoise and Plimpton, had been named the new head of the SEC.

I thought to myself: Couldn’t they have found someone who wasn’t a key figure in one of the most notorious scandals to hit the SEC in the past two decades? And couldn’t they have found someone who isn’t a perfect symbol of the revolving-door culture under which regulators go soft on suspected Wall Street criminals, knowing they have million-dollar jobs waiting for them at hotshot defense firms as long as they play nice with the banks while still in office?

via Choice of Mary Jo White to Head SEC Puts Fox In Charge of Hen House | Matt Taibbi | Rolling Stone.