blog comments powered by Disqus
Taibbi writes that to date, there has been only one successful prosecution of a financial big fish from the mortgage bubble: Lee Farkas, a Florida lender convicted on a variety of fraud charges and now faces life in prison. But Farkas, writes Taibbi, is just an exception proving the rule: "Like Bernie Madoff, his comically excessive crime spree (which involved such lunacies as kiting checks to his own bank and selling loans that didn't exist) was almost completely unconnected to the systematic corruption that led to the crisis."
Read the full story: The People vs. Goldman Sachs: A Senate committee has laid out the evidence. Now the Justice Department should bring criminal charges by Matt Taibbi