Matt Taibbi on How the Nation’s Biggest Banks Are Ripping Off American Cities with Predatory Deals

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Democracy Now!
April 12, 2010

“Looting Main Street”–Matt Taibbi on How the Nation’s Biggest Banks Are Ripping Off American Cities with Predatory Deals

In a new article in Rolling Stone magazine, journalist Matt Taibbi takes an in-depth look at the experience of one small Alabama town and its disastrous dealings with Wall Street. Taibbi writes, “The destruction of Jefferson County reveals the basic battle plan of these modern barbarians, the way that banks like JP Morgan and Goldman Sachs have systematically set out to pillage towns and cities from Pittsburgh to Athens.”

http://media.libsyn.com/media/democracynow/dn2010-0412-1.mp3

(starts at 49:19)

Matt Taibbi, political reporter for Rolling Stone magazine. His latest article is Looting Main Street

via “Looting Main Street” – Matt Taibbi on How the Nation’s Biggest Banks Are Ripping Off American Cities with Predatory Deals

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StartLoving3 — April 12, 2010

Matt Taibbi on How the Nation’s Biggest Banks Are Ripping Off American Cities with Predatory Deals