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Matt Taibbi On The Daily Show

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    April 18, 2014

    The most memorable quote during this Matt Taibbi interview on the The Daily Show with Jon Stewart during his interview earlier this month comes at about three minutes in when, in response to the oft-asked question of why no bankers are in jail as a result of the financial crisis, Taibbi remarks, “There’s this really, kind of scary psychological moment that we’ve crossed in America where we no longer think of a certain kind of offender as appropriate for jail”.


    Sadly, it gets even better from there when talking about such things as the HSBC drug money laundering settlement and the infamous “Holder Memo” that played a key role in that memorable quote above. This is a lengthy interview and part 2 is here.

    Images: via Flickr (licence attribution)

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    As you may have already deduced, this is not your typical financial blog, accompanied by some run-of-the-mill investment newsletter, and I’m not your typical financial writer.

    In fact, I spent my entire working career as an engineer before retiring back in 2007 at the tender young age of 46. Two years prior to that in 2005 I started writing a blog – The Mess That Greenspan Made – mostly just to poke fun at the housing bubble and the policy makers who had led us down that path.

    Details about the investment newsletter and information about the performance of the associated “model portfolio” can be found here and if there are any questions that I can help answer, just send mail to tim@iaconoresearch.com.


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