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