The basic scam in the Internet age is pretty easy even for the financially illiterate to grasp. It was as if banks like Goldman were wrapping ribbons around watermelons, tossing them out fiftieth-story windows, and opening the phones for bids. In this game you were a winner only if you took your money out before the melon hit the pavement.
About This Quote
About Matt Taibbi
Matt Taibbi was a contemporary American author and journalist. Matthew Colin Taibbi is an American author, journalist and podcaster. A former contributing editor for Rolling Stone, he is the author of several books and publisher of Racket News. Read more on Wikipedia →