Monday, November 29, 2010

Interview with Matt Taibbi

An interview with Matt Taibbi is here

An excerpt:

"MA: So we have systemic problems and the public is not getting the information to understand them. Politicians are not really educating the public about these things, and they are bailing out the companies that have acted badly. The media, too, are not really informing people, so it seems that many in the public are left with a simplistic understanding, rather than seeing the systemic issues and solutions. What do you see as the big solutions?"

Matt Taibbi:"...Because the financial services industry is the number one source of money for politicians, I think [campaign finance reform] would be a great place to start, if you were going to talk about what we can do. I mean there isn’t a whole lot we can do, but that’s one thing that would actually have at least a little bit of a concrete effect. It wouldn’t solve everything because even if you fixed the campaign contribution rules, a lot of these guys are going to go and work as consultants to Citi Group or Goldman Sachs after they leave office and that’s always going to be a temptation, but at least it’s someplace to start."

No comments: