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" In America, it takes about two weeks in the limelight for the whole country to think you've been around for years. "
Matt Taibbi
America
Two
You
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" America is a country that has been skating for ages on its unparalleled ability to look marvelous on the outside. "
Matt Taibbi
Country
Ability
America
" The threat posed by Bank of America isn't just financial - it's a full-blown assault on the American dream. Where's the incentive to play fair and do well, when what we see rewarded at the highest levels of society is failure, stupidity, incompetence and meanness? If this is what winning in our system looks like, who doesn't want to be a loser? "
Matt Taibbi
Failure
Loser
Winning
" In other countries they have histories with revolutions and class movements. In America, people don't like to think of themselves like being in a lower class. They all like to think of themselves as potential millionaires. "
Matt Taibbi
Potential
America
Class
" Over the years, many in the public have become numb to news of financial corruption, partly because too many of these stories involve banker-on-banker crime. "
Matt Taibbi
Over
News
Corruption
" By creating an urgent crisis that can only be solved by those fluent in a language too complex for ordinary people to understand, the Wall Street crowd has turned the vast majority of Americans into non-participants in their own political future. "
Matt Taibbi
Future
Language
Political
" 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
Know
Jail
You
" What we Americans go through to pick a president is not only crazy and unnecessary but genuinely abusive. Hundreds of millions of dollars are spent in a craven, cynical effort to stir up hatred and anger on both sides. "
Matt Taibbi
Hatred
Both Sides
Anger
" By incentivizing Wall Street players to sniff out inefficient or corrupt companies and bet against them, short-selling acts as a sort of policing system; legal short-sellers have been instrumental in helping expose firms like Enron and WorldCom. "
Matt Taibbi
Legal
Street
System
" The House Rules Committee is perhaps the free world's outstanding bureaucratic abomination - a tiny, airless closet deep in the labyrinth of the Capitol where some of the very meanest people on earth spend their days cleaning democracy like a fish. "
Matt Taibbi
Fish
Deep
People
" In the old days, when you took out a mortgage, it was probably through a local bank or a credit union, and whoever gave you your loan held on to it for life. If you lost your job or got too sick to work and suddenly had trouble making your payments, you could call a human being and work things out. "
Matt Taibbi
Lost
Sick
You
" America has two national budgets, one official, one unofficial. "
Matt Taibbi
America
Two
Official
" In the years just after 9/11, even being breathed on by a suspected terrorist could land you in extralegal detention for the rest of your life. "
Matt Taibbi
Life
Land
Rest
" Capitalism is a system for determining objective value. "
Matt Taibbi
System
Objective
Capitalism
" Private equity firms aren't necessarily evil by definition. There are many stories of successful turnarounds fueled by private equity, often involving multiple floundering businesses that are rolled into a single entity, eliminating duplicative overhead. "
Matt Taibbi
Successful
Many
Single
" What we have now is a situation where politicians get a whole bunch of money from mainly business interests. Then once they hold that office, they spend all their time in office paying back over and over again those campaign contributions through various favors and contracts and that sort of thing. "
Matt Taibbi
Situation
Money
Back
" If anything, the bailouts actually hindered lending, as banks became more like house pets that grow fat and lazy on two guaranteed meals a day than wild animals that have to go out into the jungle and hunt for opportunities in order to eat. "
Matt Taibbi
Grow
Animals
Day
" Criminal justice, as it pertains to the Goldmans and Morgan Stanleys of the world, is not adversarial combat, with cops and crooks duking it out in interrogation rooms and courthouses. Instead, it's a cocktail party between friends and colleagues who from month to month and year to year are constantly switching sides and trading hats. "
Matt Taibbi
Colleagues
World
Justice
" Ratings agencies are the glue that ostensibly holds the entire financial industry together. "
Matt Taibbi
Financial
Glue
Together
" The failure to work out sensible budgets makes it impossible for government agencies to make long-term plans, and instead leaves them scrambling to spend money in the short term. "
Matt Taibbi
Government
Work
Short
" For the broadcast business to be successful, viewers need to be not merely interested in our political melodramas, they have to be in an absolute state about them - emotionally invested in the outcome and frightened not to watch what happens next. "
Matt Taibbi
Need
Successful
Political
" Democracy doesn't require a whole lot of work of its citizens, but it requires some: It requires taking a good look outside once in a while, and considering the bad news and what it might mean, and making the occasional tough choice, and soberly taking stock of what your real interests are. "
Matt Taibbi
Choice
Democracy
Good
" In modern American politics, being the right kind of ignorant and entertainingly crazy is like having a big right hand in boxing; you've always got a puncher's chance. "
Matt Taibbi
You
Politics
Crazy
" The average Tea Partier is sincerely against government spending - with the exception of the money spent on them. "
Matt Taibbi
Against
Government
Average
" Wall Street has turned the economy into a giant asset-stripping scheme, one whose purpose is to suck the last bits of meat from the carcass of the middle class. "
Matt Taibbi
Purpose
Meat
Economy
" The NFL, sadly, has a fatal environmental problem: It kills its workers. "
Matt Taibbi
Environmental
Workers
Problem
" The individual incentive not to commit crime on Wall Street now is almost zero. "
Matt Taibbi
Street
Crime
Individual
" The national debt is totally unlike a family budget for about a gazillion reasons, not the least of which being that families cannot raise money by fiat or deflate the size of their debt unilaterally and that family members die instead of existing infinitely. "
Matt Taibbi
Die
Budget
Debt
" An unregulated derivatives market essentially gives Wall Street a way to place hidden taxes on everything in the world. "
Matt Taibbi
Street
Place
Hidden
" Everything in America is so uniform. In Russia, everywhere you go is completely insane. "
Matt Taibbi
You
Uniform
Everything
" There is a reason it used to be a crime in the Confederate states to teach a slave to read: Literacy is power. "
Matt Taibbi
Reason
Slave
Used