Our elected officials have basically set up a political system that legalizes and facilitates bribery. And our failure to deal with that has created the most successful business model of the late 20th and early 21st centuries: maximize your profits by making bigger and badder loans that precipitate a “crisis” when they go belly up (which you fuel with a massive PR campaign), then you squeeze the government to make you whole.
Joseph Stiglitz: We bailed out Citibank and called it a bailout of Mexico |
| By: Jane Hamsher Friday May 20, 2011 4:44 pm |


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