Wednesday, March 25, 2009

AIG and the Big Takeover: Matt Taibbi on “How Wall Street Insiders Are Using the Bailout to Stage a Revolution”

Democracy Now!
With Amy Goodman

"In a new article in Rolling Stone Magazine, journalist Matt Tabbi takes an in-depth look at the story behind AIG. “The reality is that the worldwide economic meltdown and the bailout that followed were together a kind of revolution, a coup d’état,” writes Taibbi. “They cemented and formalized a political trend that has been snowballing for decades: the gradual takeover of the government by a small class of connected insiders, who used money to control elections, buy influence and systematically weaken financial regulations.”...."

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