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This is America: Corporate stealing is practically the national pastime, and Goldman Sachs is far from the only company to get away with doing it.
Matt Taibbi
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Matt Taibbi
Age: 54
Born: 1970
Born: March 2
Author
Editorial Columnist
Journalist
Writer
Matthew C. Taibbi
Matthew Taibbi
America
Sachs
Pastime
Practically
Stealing
Corporate
National
Company
Away
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To Wall Street, a firm like BP isn't just a profitable energy company with lots of assets like oil rigs and pipelines and gas stations - it's also a corporation that routinely borrows hundreds of millions of dollars to keep its business up and running.
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Everything in America is so uniform. In Russia, everywhere you go is completely insane.
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The mistake our politicians so often make with these industry leaders is in thinking they are interested in, or respectful of, the power of government. All they want is to keep stealing. If you can offer them the government’s seal of approval on that, they’ll take it. But if you can’t, well, they’ll take that too.
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Over the years, many in the public have become numb to news of financial corruption, partly because too many of these stories involve banker-on-banker crime.
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What we have now is a situation where politicians get a whole bunch of money from mainly business interests. Then once they hold that office, they spend all their time in office paying back over and over again those campaign contributions through various favors and contracts and that sort of thing.
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Criminal justice, as it pertains to the Goldmans and Morgan Stanleys of the world, is not adversarial combat, with cops and crooks duking it out in interrogation rooms and courthouses. Instead, it's a cocktail party between friends and colleagues who from month to month and year to year are constantly switching sides and trading hats.
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The moral angle to the foreclosure crisis - and, of course, in capitalism we're not supposed to be concerned with the moral stuff, but let's mention it anyway - shows a culture that is slowly giving in to a futuristic nightmare ideology of computerized greed and unchecked financial violence.
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If the law doesn't apply equally to everybody, then you don't really have a system of law.
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The race for the White House is normally an event suffused with drama, sucking eyeballs to the page all over the globe.
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It's really interesting that we've had this great Tea Party movement that is all about restoring free market capitalist values, but what they completely fail to understand is that what we've got now is a situation where there is a small class of gigantic financial companies that have put themselves above capitalism.
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Mike Huckabee represents something that is either tremendously encouraging or deeply disturbing, depending on your point of view: a marriage of Christian fundamentalism with economic populism.
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It's come around to that point of view at the end of a long evolutionary process, in which the rule of law has slowly been replaced by giant idiosyncratic bureaucracies that are designed to criminalize failure, poverty, and weakness on the one hand, and to immunize strength, wealth, and success on the other.
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There are some who think that the government is limited in how many corruption cases it can bring against Wall Street, because juries can't understand the complexity of the financial schemes involved. But in 'U.S.A. v. Carollo,' that turned out not to be true.
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