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The party in power almost always unapologetically engages in deficit spending, while the other party argues passionately against the evils of debt and deficits.

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
Debt
Argues
Spending
Almost
Deficits
Party
Engages
Evil
Passionately
Power
Evils
Always
Deficit
Arguing

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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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If the law doesn't apply equally to everybody, then you don't really have a system of law.
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Since the end of the Cold War, America has been grasping left and right for an identity.
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The basic scam in the Internet age is pretty easy even for the financially illiterate to grasp. It was as if banks like Goldman were wrapping ribbons around watermelons, tossing them out fiftieth-story windows, and opening the phones for bids. In this game you were a winner only if you took your money out before the melon hit the pavement.
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George Bush and John Ashcroft were religious in a scary way, but the rational among us could always take heart that, deep down, the Bush administration was more cynical than messianic.
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People are beginning to become disturbingly comfortable with a kind of official hypocrisy. Bizarrely, for instance, we've become numb to the idea that rights aren't absolute but are enjoyed on a kind of sliding scale.
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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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It would be inaccurate to say the Tea Partiers are racists. What they are, in truth, are narcissists.
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Capitalism is a system for determining objective value.
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One of the great cliches of campaign journalism is the notion that American elections have long since ceased to be about issues and ideas.
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America is a country that has been skating for ages on its unparalleled ability to look marvelous on the outside.
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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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I was a bit of a troubled kid growing up, let's put it that way. I didn't take pleasure in hard work.
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This idea that you can't be an honest man and a Washington politician is a myth, a crock made up by sellouts and careerist hacks who don't stand for anything and are impatient with people who do. It's possible to do this job with honor and dignity.
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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.
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I think that if you're a thinking person you should always be trying to learn something new.
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Greenspan's eventual explanation for the growing gap between stock prices and actual productivity was that, fortuitously, the laws of nature had changed -- humanity had reached a happy stage of history where bullshit could be used as rocket fuel.
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The problem with the Tea Party is that it's been used in a way that scares people into supporting an agenda that's counter to their own interests.
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Ratings agencies are the glue that ostensibly holds the entire financial industry together.
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It's not a stretch to say the whole financial industry revolves around the compass point of the absolutely safe AAA rating. But the financial crisis happened because AAA ratings stopped being something that had to be earned and turned into something that could be paid for.
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