BPR Quotes of the Day: Why Isn’t Wall Street in Jail?

“You know why Madoff went to jail when no one else did?  He stole from the rich.  That was stupid.  If you steal from the average guy, you get away with it.”

Cent Uygar

                             

Nobody goes to jail. This is the mantra of the financial-crisis era, one that saw virtually every major bank and financial company on Wall Street embroiled in obscene criminal scandals that impoverished millions and collectively destroyed hundreds of billions, in fact, trillions of dollars of the world’s wealth — and nobody went to jail. Nobody, that is, except Bernie Madoff, a flamboyant and pathological celebrity con artist, whose victims happened to be other rich and famous people.

Matt Taibbi  

Exerpted from Cenk Uygar’s MSNBC interview with writer Matt Taibbi about Taibbi’s Rolling Stone article Why Isn’t Wall Street in Jail?  Feb. 16, 2011

This entry was posted in economy, Justice and tagged , , , , , . Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s