Taibbi/Rolling Stone: Wall Street-"Raped The Taxpayer & They Raped Their Clients"

[kpete]

Wall Street's Bailout Hustle
Goldman Sachs and other big banks aren't just pocketing the trillions we gave them to rescue the economy - they're re-creating the conditions for another crash

MATT TAIBBI

Posted Feb 17, 2010 5:57 AM


In an economy as horrible as ours, with every factory town between New York and Los Angeles looking like those hollowed-out ghost ships we see on History Channel documentaries like Shipwrecks of the Great Lakes, where in the hell did Wall Street's eye-popping profits come from, exactly?

....

The answer to that question is basically twofold: They raped the taxpayer, and they raped their clients.

....

Much like when your wife does it with your 300-pound plumber in the kids' playroom, knowing it and actually watching the whole scene from start to finish are two very different things. In that spirit, a brief history of the best 18 months of grifting this country has ever seen....

much more:
http://www.rollingstone.com/politics/story/32255149/wall_streets_bailout_hustle/print

[yurbud]

1. I was hoping Obama was using that ''stress testing'' to gather evidence to use in prosecution

and to argue for tougher reregulation.

I'm still waiting.