How the nation’s biggest banks are ripping off American cities with the same predatory deals that brought down Greece
By: MATT TAIBBI
Our economic crisis is not an accident. It’s the result of unchecked greed run rampant. Matt Taibbi shares the story of how a big NY bank preyed on Jefferson County, AL–exposing a much larger game plan.
Who will join the party next–at our expense?
While for many Americans the financial crisis remains an abstraction, a confusing mess of complex transactions that took place on a cloud high above Manhattan sometime in the mid-2000s, in Jefferson County you can actually see the rank criminality of the crisis economy with your own eyes . . . our days of laughing at other countries are over. It’s our turn to get laughed at. (Source)
Educate yourself. Click on the link, read his 6-page article:
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