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The Big Takeover

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The Big Takeover
Topic: Politics and Law 7:59 am EDT, Mar 25, 2009

Matt Taibbi for Rolling Stone:

It's over — we're officially, royally fucked.

It's time to admit it: We're fools, protagonists in a kind of gruesome comedy about the marriage of greed and stupidity.

The most galling thing about this financial crisis is that so many Wall Street types think they actually deserve not only their huge bonuses and lavish lifestyles but the awesome political power their own mistakes have left them in possession of. When challenged, they talk about how hard they work, the 90-hour weeks, the stress, the failed marriages, the hemorrhoids and gallstones they all get before they hit 40.

Michael Lewis:

The era that defined Wall Street is finally, officially over.

From 2004, Paul Graham:

This idea is so pervasive that even the kids believe it.

Peter Schiff:

I think things are going to get very bad.

The Big Takeover



 
 
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