G for Georgia (United States) - Paul Craig Roberts about Big Banks

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Guest Column–How the Big Banks Buy Their Way out of Criminal Indictments

November 6, 2014 | Categories: Guest Contributions | Tags: |  Print This Article

Guest Column–How the Big Banks Buy Their Way out of Criminal Indictments

Matt Taibbi on the total corruption of the US financial system and its regulatory authorities

Taibbi makes it clear that a few big banks own the government and are not subject to punishment under criminal law. When they commit a crime, they just pay a fine.

Matt Taibbi, Pam Martens, and Nomi Prins are the best financial reporters that we have,
and, yes, you guessed it, they do not work for the Wall Street Journal, New York Times,
BloombergBusinessWeek, or for the talking head TV financial shows. My hat is off to the three of them. They have taught me a lot.

http://www.rollingstone.com/politics/news/the-9-billion-witness-20141106

 

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Dr. Paul Craig Roberts was Assistant Secretary of the Treasury for Economic Policy and associate editor of the Wall Street Journal. He was columnist for Business Week, Scripps Howard News Service, and Creators Syndicate. He has had many university appointments. His internet columns have attracted a worldwide following. Roberts' latest books areThe Failure of Laissez Faire Capitalism and Economic Dissolution of the West and How America Was Lost.