“The men and women who run these corrupt banks and brokerages genuinely believe that their relentless lying and cheating, and even their anti-competitive cartelstyle scheming, are all legitimate market processes that lead to legitimate price discovery. In this lunatic worldview, the bidrigging scheme was a system that created fair returns for everyone … To the great credit of the jurors in the Carollo case, they didn’t buy Wall Street’s ludicrous defense. On May 11th, nearly a month after the trial began, they handed down convictions to all three defendants.”
via The Scam Wall Street Learned From the Mafia | Politics News | Rolling Stone.
I’m grateful for Matt Taibbi and other Rolling Stone journalists; they keep fact-based journalism alive while most of the media sticks to he said, she said reporting that obscures the truth.
Wobbly Warrior's Blog 