Matt Taibbi On The Vampire Squid Of High Finance, Journalistic Outrage, And Obamas Flaccid Approach To Financial Crime The Rolling Stone reporter who famously tagged Goldman Sachs as a great vampire squid, wrapped around the face of humanity — a phrase that is now so embedded in the cultural lexicon that he wonders if it will be on his gravestone — is well-known for his polemics against banks and Wall Streets bad actors. For his new book, The Divide, he decided to carry that journalistic interest to its logical extension. Taibbis book is about the wealth gap in the U.S., the people who play fast and loose with the rules — the wealthy and banks with armies of lawyers, for example — and how they rarely seem to have to face the music. One of the things that happens when you stop going after high-ranking white-collar criminals is that the public slowly becomes inured to the fact theres a difference in the way we treat one kind of offender versus another kind of offender, Taibbi told The Week in a recent phone interview. Yes, the rich have always been better off than the poor. Whats different now, though, is that the government no longer feels the necessity — one might even say the symbolic necessity — of going after the worst of Wall Street and pharmaceutical companies. But in order for the public to have confidence in the justice system, you have to go after the people who commit crimes... Read more: theweek/article/index/260114/matt-taibbi-on-vampire-squid-journalistic-outrage-and-obamas-flaccid-approach-to-financial-crime
Posted on: Wed, 23 Apr 2014 22:00:01 +0000
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