Sunday, August 21, 2011

Matt Taibbi: SEC destroys record files and Wall Street doesn't go to jail

So the SEC cover-ups the fraud schemes of high finance? I suspect it's all departments in government. The government officials go through a revolving door and use the government job as a resume builder. They then move back into the private sector where the companies they played patty caked with hire them with a nice high salary payoff. It's good old fashioned bribery in disguise.

As as mentioned before, the higher up ones goes in an organization, the more corrupt it gets. Unfortunately, the people at the bottom have to follow the commands from the top. Therein lies the rub.

[Youtube] Matt Taibbi on why Wall Street isn't in jail

{Article] Matt Taibbi uncovers the SEC coverup via shredding documents

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