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lenders to trade their long-term income streams for short-term cash. Say

Matt Taibbi
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More Quotes From Matt Taibbi

Our leaders know we’re turning into a giant ghetto and they are taking every last hubcap they can get their hands on before the rest of us wake up and realize what’s happened.
Matt Taibbi
A loose definition of the Tea Party might be fifteen million pissed-off white people sent chasing after Mexicans on Medicaid by the small handful of banks and investment companies who advertise on Fox and CNBC.
Matt Taibbi
The mainstream media act just like in the classic studies of herd animals; at the exact instant more than half of the herd makes a move to bolt, they all move.
Matt Taibbi
The first thing you need to know about Goldman Sachs is that it's everywhere. The world's most powerful investment bank is a great vampire squid wrapped around the face of humanity, relentlessly jamming its blood funnel into anything that smells like money.
Matt Taibbi
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.
Matt Taibbi
intrusive government and layer upon layer of regulatory red tape. When
Matt Taibbi
Gross Domestic Product—the substitution, in effect, of ideas for physical value.
Matt Taibbi
In the new American ghetto, the nightmare engine is bubble economics, a kind of high-tech casino scam that kills neighborhoods just like dope does, only the product is credit, not crack or heroin. It concentrates the money of the population in just a few hands with brutal efficiency, just like narco-business, and just as in narco-business the product itself, debt, steadily demoralizes the customer to the point where he’s unable to prevent himself from being continually dominated.
Matt Taibbi
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