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June 21, 2012

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

June 21, 2012

By Matt Taibbi

national affairs
Illustration by Victor Juhasz

 

Someday, it will go down in history as the first trial of the modern American mafia. Of course, you won’t hear the recent financial corruption case, United States of America v. Carollo, Goldberg and Grimm, called anything like that. If you heard about it at all, you’re probably either in the municipal bond business or married to an antitrust lawyer. [Read more…]

Filed Under: Opinion Tagged With: AIG, Bank of America, Banksters, Chase, Goldberg and Grimm, Goldman Sachs, Mafia, Matt Taibbi, Morgan Stanley, Municipal Bonds, Rolling Stone, The Scam Wall Street Learned from the Mafia, United States of America v. Carollo, US v Carollo, Wall Street, Wall Street Mafia, Wells Fargo

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