Matt Taibbi - Looting Main Street America - Rolling Stone

THE VAMPIRE SQUID'S SAIMESE TWIN

Knock them down Matt Taibbi! He first reported on Goldman Sach with what can only be dubbed a vampire squid. Now he reports on its Siamese twin JP Morgan Chase and the looting they've been part and parcel to. Notice how the unsavory political figures went to prison but JP Morgan, with its invincibility shield on, remains untouched. How about prosecuting them JP Morgan boys who knowingly participated in bribery? The laws are not strong enough? You mean Al Capone went to prison for tax evasion instead of all the criminal mischief he caused?

A really good, clear, succinct article for Rolling Stone magazine by Matt which sheds insight on how things get done behind the scenes.

[Article] Matt Taibbi on Looting Main Street - 6 Pages

How did Goldman Sachs and JP Morgan book higher than expected profits? Answer: AIG

George explains how AIG bailout helped Goldman Sachs and JP Morgan report higher than expected profits for the quarter thanks to the public.



[Article] Zero Hedge explains the scam in detail.