Taibbi

The Scam Wall Street Learned From the Mafia
How America's biggest banks took part in a nationwide bid-rigging conspiracy - until they were caught on tape

"...The banks achieved this gigantic rip-off by secretly colluding to rig the public bids on municipal bonds, a business worth $3.7 trillion....

...In fact, stripped of all the camouflaging financial verbiage, the crimes the defendants and their co-conspirators committed were virtually indistinguishable from the kind of thuggery practiced for decades by the Mafia, which has long made manipulation of public bids for things like garbage collection and construction contracts a cornerstone of its business...."


Read the whole thing, Taibbi is a master at cutting through the bullshit,  explaining complex and tedious things in sometimes salty, oftentimes humorous language, which I for one greatly appreciate.


You know?  It just dawned on me that I absolutely loathe movies and tv shows about the mafia.  And I loathe banksters.  Hmmm.