Here’s Lavin speaker and Griftopia author Matt Taibbi talking with Eliot Spitzer about how the Securities and Exchange Commission, the government’s cop on the Wall Street beat, looks the other way while the big banks bend and break the law.
"Matt Taibbi’s 5,000-word exposé of the SEC’s document-shredding is a magnificent piece of journalism, and is the first and last place that you should look to to understand what’s going on here. I hope this turns into a big scandal and causes significant changes at the SEC — although I’m not holding my breath. But if it does, Taibbi will deserve a huge amount of the credit."
A Reuters article on why the mainstream media have been strangely silent in acknowledging Rolling Stone writer Matt Taibbi ’s work in uncovering the Securities Exchange Commission’s destruction of many important documents. Blogs and Twitter, the article points out, have done a much better job.