Monday, June 25, 2012

MATT TAIBBI: The Scam Wall Street Learned From the Mafia

http://www.rollingstone.com/politics/news/the-scam-wall-street-learned-from-the-mafia-20120620
When we allow Wall Street to continually raid the public cookie jar, we're not just enriching a bunch of petty executives...we're effectively creating an alternate government, one in which money lifted from the taxpayer's pocket through mob-style schemes turns into a kind of permanent shadow tax, used to maintain the corruption and keep the thieves in place. And that cuts right to the heart of what this case is all about. Wall Street is tired of making money by competing for business and weathering the vagaries of the market. What it wants instead is something more like the deal the government has – regularly collecting guaranteed taxes.

Read more: http://www.rollingstone.com/politics/news/the-scam-wall-street-learned-from-the-mafia-20120620#ixzz1yqgBzVMi



READ THIS ALSO:


MORE INFO ON THE ABOVE ARTICLE THAT HAD TO BE LEFT OUT DUE TO SPACE LIMITATIONS

Notes on Wall Street's Bid-Rigging Scandal

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