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Matt Taibbi quotes - page 5
America's always had a real passion for lunatic movements. That's one of the things we're probably known for around the world, I would imagine.
Matt Taibbi
'Prop trading' is just a fancy term for banks gambling in the market for their own profit.
Matt Taibbi
For a country founded on the idea that rights are inalienable and inherent from birth, we've developed a high tolerance for conditional rights and conditional citizenship.
Matt Taibbi
Obsessed with success and wealth and despising failure and poverty, our society is systematically dividing the population into winners and losers, using institutions like the courts to speed the process.
Matt Taibbi
The mistake our politicians so often make with these industry leaders is in thinking they are interested in, or respectful of, the power of government. All they want is to keep stealing. If you can offer them the government's seal of approval on that, they'll take it. But if you can't, well, they'll take that too.
Matt Taibbi
Interest-rate swaps are a tool used by big cities, major corporations and sovereign governments to manage their debt, and the scale of their use is almost unimaginably massive. It's about a $379 trillion market, meaning that any manipulation would affect a pile of assets about 100 times the size of the United States federal budget.
Matt Taibbi
In a pure capitalist system, an institution as moronic and corrupt as Bank of America would be swiftly punished by the market - the executives would get to loot their own firms once, then they'd be looking for jobs again.
Matt Taibbi
I didn't know Michael Hastings very well, but one thing about him was always obvious - he was born to be in the news business, he loved it, he was made for it. He wrote about Iraq and Afghanistan as places he had always been destined to visit.
Matt Taibbi
Greenspan's eventual explanation for the growing gap between stock prices and actual productivity was that, fortuitously, the laws of nature had changed -- humanity had reached a happy stage of history where bullshit could be used as rocket fuel.
Matt Taibbi
You know what an effective deterrent to crime is? Jail! And do you know what kind of criminal penalty actually makes people think twice about committing crimes the next time? The kind that actually comes out of some individual's pocket, not fines that come out of the corporate kitty.
Matt Taibbi
Candidates don't want to be associated with poor people, people who have jobs or are ugly; they want to be associated with a certain middle class demographic, so as a result they leave those others out completely.
Matt Taibbi
It's come around to that point of view at the end of a long evolutionary process, in which the rule of law has slowly been replaced by giant idiosyncratic bureaucracies that are designed to criminalize failure, poverty, and weakness on the one hand, and to immunize strength, wealth, and success on the other.
Matt Taibbi
If the law doesn't apply equally to everybody, then you don't really have a system of law.
Matt Taibbi
I try to be outraged by things that other people are just very accepting of, as though they're normal and can't be changed. A lot of what I write about is, "Hey, you know, this stuff is really awful, and it doesn't need to be, and that's why it's so offensive." Things should be better.
Matt Taibbi
By August I was coming to terms with the reality of being alone in nature, essentially left to fend for myself against the horrible things in life. A year later, believing that no life strategy was inherently safer than any other, I'd moved to Russia and then Uzbekistan, where I drank water out of the tap and quickly learned to thrive in the philosophy of Being Fucked.
Matt Taibbi
After the [British Medical Journal] episode, a "Missing context" flag should be understood for what it is: an intellectual warning label for true but politically troublesome information.
Matt Taibbi
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