Matt Taibbi, "The Divide"

Matt Taibbi discusses his book at Politics & Prose bookstore in Washington, D.C. This event was recorded on April 21, 2014.
Purchase Matt Taibbi's most recent book: www.politics-prose.com/book/9...
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[@Soy_Bomb]

Taibbi, a dying breed. Generally speaking people don't know how much they owe to journalist like him.

[@jazzsocietyofecuador]

Matt Taibbi is one of the most important journalists today, December 2019.

[@RHCPThom]

Jazz Ecuador Why specifically now? I’d say he has been an important journalist for a while.

[@rudyrue6444]

Taibbi co-authored a book bragging about anally raping his own employees.

[@woodlark391]

@@rudyrue6444 Cite your source, please.

[@christopherbattle5161]

@@rudyrue6444 Got receipts?

[@rudyrue6444]

@@christopherbattle5161 1 Its a passage from the book he co-authored (The Exile: Sex, Drugs, and Libel in the New Russia, published in 2000)

[@eric4370]

Way under estimated this guy...we need to see more of him!!!

[@Sunvio]

I love truthtellers and Matt Taibbi is one of the very few truthtellers these days.

[@IMP3TIGO]

Matt is awesome, a real journalist in this era of corporate news. You can see why journalists/authors like Chris Hedges respect and appreciate him so much.

[@normasouza-brien2357]

Just remember that Mike Bloomberg from New York, and he wants the presidency.

[@peterstafford4426]

Not even slightly true. If Hedges respects him, that is more reason to distrust Taibbi. He is part of the youtube show Useful Idiots. That show is pure BS. They spread misinformation and seem to be supporters the the extreme right wing.

[@SaveWesternCivilisation]

@@peterstafford4426 Can you explain? Hedges is a Communist and BLM supporter, do you seriously consider him extreme right wing?

[@5280ryan]

This guy is brilliant and courageous. Thank u Matt for all your work.

[@dprfail]

er... ahhh... um.. er

[@mose425]

"If we are to keep our democracy there must be one commandment, Thou shalt not ration justice"(Sophocles) Rings so true today. Thank you Matt.

[@francoisehembert3243]

Mohsen Mesbah it clearly demonstrates that since Sophocles people have not changed much if at all.

[@lutherdean6922]

this is incredible, watching in 2019

[@comingviking]

And we may get the opportunity to watch it live again, in 2020. We are due for another crash.

[@ComradeSpookfessor]

@@comingviking damn

[@Jackzay90]

I know people make exaggerated comments on youtube all the time but Matt Taibbi is seriously a once in a generation journalist.

[@jeremyreagan9085]

Matt is my favorite Journalist i think he is like the late I.F. Stone we need Journalists like Matt! Keep writing Matt we love your work!

[@voidvox]

“This isn’t an economics story, but a crime story.” Bingo. As true now as it was then. The next crash is coming, kids.

[@pedrogouveia4326]

@@johndoe-fq7ez wtf?

[@baderinwa1]

voidvox There is nothing new under the sun. The entire history of this nation is one of criminality, from the horrific crimes committed against the first indigenous nations, to the kidnapping, selling, enslavement and exploitation of African people. This nation was created by criminals for the sole benefit of criminals.

[@mitchclark1532]

It's here now

[@playnejayne5550]

@@baderinwa1 That's only one track of our history.

[@headlyl]

I'm such a fan of Taibbi's work. I never miss him on RS.

[@kasnarfburns210]

I think Matt Taibbi intended to reference "The New Jim Crow" by Michelle Alexander. I highly recommend it too. His lecture made me think of a line I heard in one of my favorite TV dramas, "The only currency that matters.....is power"!!!

[@jodyhoevel6393]

Just ordered the book. Tiabbi is one of a handful of people doing real journalism these days.

[@brandonsimpson1617]

I wish I could like this 100 times

[@seelverado2492]

6 years after, nothing changed, it get worse

[@leejacobus5305]

As Steve Bannon repeats,” Not one financial CEO has ever been indicted.” Says everything

[@dinsel9691]

Since when does his opinion matter?

[@TheDanielLivingston]

You're quoting Steve Bannon as though he's someone you respect. I hope, for your sake, that he is not.

[@HJackMiller]

If I would have read this book a few years ago I would have said impossible not in this country, the country I love so much which has at the cornerstone of society Justice. But after dealing with the Justice Department and different law enforcement departments for the last few years, I say sadly that this book puts a shining light on major problems with our law enforcement and Justice System that we need to deal with. I myself experienced the over-criminalization of our society and how it affects us. As a result of the system I am now a Felon. I think 100% of the people who know me and have worked with me think that would be impossible but due to the number of laws as well as the over reaching of the government I am. I also think 99% of the people who read and hear about my case shake there ahead in amazement. I would highly recommend this book to all lawmakers, people in government, Judges as well as lawyers.

[@lettamego3190]

Yes, our government has been over thrown by a bunch of very nasty corporations .. such as Monsanto, General Electric, the Banker frauds, the Wall Street thugs... etc etc...the president and all his 40 political czars are busy stealing what little we had left... and even forcing wireless transmitters on our homes to control our lives.....

[@normankeena]

*Had i read this book a few years ago. Not here, we have justice. our dept jusice is just grand. light casts shadows. it is criminal, I am a criminal. I think all you other criminals should read this book.. From the safe position of your home, of course. Yours sincerly Jack the Ripper.* Give me a break Jack. I herby dismiss your testamony as pure baloney. Balder-dash and bull shyte. Your love your country... societies love of Justice... pull the other leg *If I would have read this book a few years ago I would have said impossible not in this country, the country I love so much which has at the cornerstone of society Justice. But after dealing with the Justice Department and different law enforcement departments for the last few years, I say sadly that this book puts a shining light on major problems with our law enforcement and Justice System that we need to deal with. I myself experienced the over-criminalization of our society and how it affects us. As a result of the system I am now a Felon. I think 100% of the people who know me and have worked with me think that would be impossible but due to the number of laws as well as the over reaching of the government I am. I also think 99% of the people who read and hear about my case shake there ahead in amazement. I would highly recommend this book to all lawmakers, people in government, Judges as well as lawyers.

[@sherryburrows882]

@@lettamego3190 I do online banking, so am not at all paranoid about putting information online, but you are NEVER going to see one of those Alexa things in my house. That's just crazy!

[@jsc1227]

I got screwed by our lopsided all for the 1 percent justice system. I never could present evidence , never got to show witnesses, never got to show the money trail. Thrown under a bus partially because of a selfish terrible lawyer, the system itself leaves almost zero room for justice., or to present evidence. My dreams are all tied to leave the country, if I could afford to, there is zero democracy in the USA all a crooked plutocracy.

[@IMSiegfried]

@@sherryburrows882 we won't have much of a choice. Your smart phone gives out a lot of information. Even when it's turned off it's signaling exactly where you are at all times. Your smart TV set has Alexa built right in that you again can not easily turn off, if it all. Or about the latest security devices for our homes like, Ring? They record literally everything. Not saying I don't agree with you, just that it is becoming increasingly difficult not to have an "Alexa" type device in our homes or on our persons.

[@christineadams2256]

THANK YOU FOR HAVING THE COURAGE TO SPEAK THE TRUTH.

[@deeh6457]

Matt Taibbi is still one of the most important jounalist today, March 2022.

[@bibliopolist]

Everyone interested in this should also read Michelle Alexander's book "The New Jim Crow" about black mass incarceration (2010). How this country is supposed to be a democratic republic made of free and equal people, and how so many Americans actually believe that it is, is a miracle to us here in Europe.

[@jedschipper6790]

I read it. Yes, it’s a great book that I wish everyone would read!

[@varias3329]

Stay on the side of good,the world needs you. 💕🦉. I am a Visitor. L. A. 🇺🇸

[@indydude3367]

Matt did some of the most intrepid journalism in Russia throughout the 1990's. Things got CRAZY but it needs to be movie at some point.

[@rick4electric]

Money was supposed to be a tool NOT a weapon! Until we put money back in its proper place there will be no solutions!

[@jessyjulie5506]

I remember those countrywide commercials in the early 2000s, they were on all the time.

[@eoharafisher]

It seems really naive of Matt to believe that the wealthy corporate class (and the justice system that keeps them there) do not really know what they're doing. This is intentional.

[@gregoryvschmidt]

eoharafisher he knows

[@trexx63]

Agreed. I'm new to his work, but I'm noticing his unteathered journalism consistently brings remarkable details to light on story after story. I'm anxious to read his books.

[@davidkokaska8130]

Thank you - I appreciate that you are more a young man who sees, versus those 60 yrs old.

[@joshuaoha]

Why do so many cops seem to hate American freedom? I am finding it very difficult to have any sympathy for these people anymore. 34:54

[@Synchronite]

The elites don’t need their foot soldiers to have empathy

[@johnreed6363]

3 tier system... the untouchable elite (e.g. get out of jail free), middle class white collar crime does 24mo or less and then the poor who do hard time.

[@uttaradit2]

Poverty is a sin in the USA.

[@njosborne6152]

john reed You’re forgetting pretrial incarceration of Children and Mothers which can last from 72 hours to years just awaiting trial because the Courts System‼️ The process of the Rule of Law are, In every respect are underfunded by the other 2 branches. No Justice, No Peace! Always has been, always shall be‼️ And one drop of blood is practiced in 👉🏽 The Court of Last Resort. Not a Court, It’s summary or summation of “a ruling” delivered by a bureaucrat. OTHER DECISIONS? Yep, 👉🏽 It’s a real. killer when Disabled and Diseased Children Are Unplugged from their machines. Slowly and painfully starving them DEATH As the disease sucks away LIFE I watched my wife go through 4 1/2 years and it is not a pleasant death‼️‼️‼️

[@nonamilast5311]

It all boils down to the birth certificate!!! Check out “THE ACT OF 1666,” “THE ACT OF 1781”, “THE ACT OF 1871” it’s all control over the masses, they refer to us as “THE DUMB ASSES” because they sell us on the stock market!!! Sounds bazaar, I know, check it out and you will SEE with your own EYES!

[@annowens5019]

@Elias Leal ...You are Ridiculous, Petty and Riddled With Envy.

[@moeghafffari]

Thanks for sharing your thoughts and experience. Your knowledge of mortgage back securities and the crime story is truly impressive.

[@rickbishop5987]

I have listened to this several times. excellent.

[@xfhghe]

HSBC has a lot of experience with laundering drug money. They were doing this during the opium wars in the mid-1800's.

[@CyberspacedLoner]

Justice and the Law are two different things, what is legal has nothing to do with what is right, legality is based on power alone.

[@normankeena]

justice is based on power alone, therefore the law is an asss.

[@rd264]

the law is the best thing going, the problem is how its practiced unequally and unfairly to shield corporations and punish the poor. MT is saying that law and justice [equity, fairness, what is "right"] are supposed to apply to rich and poor alike; he attempts to show how it does not in practice and he wants readers to join the fight, discuss and address the disparities and hopefully break up the big corporations and banks and reform the justice system.

[@syourke3]

@@rd264 Yes. And what Mr. Taibi is pointing out is not the unfairness of the law per se but the unfairness in the way it is enforced. The law may often seem fair and reasonable as written but is often enforced in ways that are outrageously unfair depending on the wealth and status and connections of the defendant.

[@christopher-tipstrumleslie6307]

Down with fake enforcement! Down with fake justice!

[@chadwboyer]

Matt Taibbi is the Ed Morrow of our generation. A living legend.

[@dscully1808]

Matt Taibbi is back at Rolling Stone.

[@curtislewis8089]

The reason asking those in the middle of our financial industry to tell you something about something and getting a blank response is because as it turns out they only know what they do inside the system and are trained or chosen not to know, think or do anything beyond... I found this out on my own when running my small nyc based business and asking my analyst or number cruncher clients their take and finding them painfully lacking in any insight. As it turned out many were responsible, as mortgage guys or derivative guys but they honestly still didn’t see themselves as responsible or new that they had a role. It was corruption or integrity it was they honestly lacked a very necessary skill set required that of lateral thinking....

[@capt.molyneaux7037]

Taibbi: smartest journalist in America !

[@DeliveringSolutions]

Thank you for presenting this. More people need to be aware.

[@drakekoefoed1642]

They used to say let justice be done though the heavens may fall. Nothing is too big to fail. We let them do it again by saying that. in 2008 we should have burned all of AIG's stock and compensated only the innocent

[@normankeena]

There is not a man over twelve years of age, innocent

[@stoferb876]

The problem was that in 2008 it wasn't as much a bailout as it was robbery. The banks were very likely to be bailed out since you know they held the entire global economy as hostage. When pretty much every persons pay-check relies on these banks to remain in existence no one can afford to let them go bankrupt even though they should.

[@dinnerwithfranklin2451]

Really good talk.

[@thetawaves48]

I would like to hear Matt Taibibi and David Cay Johnston converse.

[@FlowerGirl.MN50]

I remember reading Matt's articles in Rolling Stone.

[@darrelldunn4618]

I have told so many people the story about Country Wide but no one ever believes me. :(

[@jeromedanielson4422]

None of the comments below addressed Matt's lecture, which is the justice disparities between minorities and whites, that's really what is clear in his message, anyone who doesn't recognize that fact, is complicit.

[@stickboyftw]

It's between the rich/upper class and the poor/lower class. He makes that very clear. Race plays a part in that but it's not central to it as you seem to insist.

[@jeromedanielson4422]

I don't "seem to" I do..They are overlapping issues, one issue does in no way cancel the other...There's no poor vs the rich in this nation. the discussion never goes any further than the middle class. the poor, in this nation, aren't even part of the equation as far as politicians are concerned...

[@chrisk3536]

Jerome Danielson I believe it's poor vs rich. However, because of this it inevitably affects more blacks than whites.

[@normankeena]

'justice disparities, what justice. What parities. An eye for an eye. Are we all blind. You can not compare a kid being quizzed by police at his own front door. With Goldman Sachs playing with my national pension fund. Corporate capture of state. and state capuring kids, is kid glove quality of begging the difference.

[@winger468]

I too believe it is a class problem. Because of our racist country color is what keeps so many people in the lower class. Every aspect of America has become predatory. The police can take your possessions if they accuse you of an illegal act and keep your possessions even if they drop the charges. If you hire an attorney you may be able to get them back. It appears to be all about draining the people of all of their resources.

[@njosborne6152]

Wow! He’s talking about the prosecutor Kamala Harris!

[@americangirl6587]

I think he is too...

[@northofyou33]

Thank god she dropped out. She's a snake.

[@incognitotorpedo42]

Wasn't he in NY? Harris was in California.

[@kenbranaugh8251]

Working as a clown is a quite logical prelude to a " career" in journalism actually.

[@barquerojuancarlos7253]

i can testify what Matt said in the last minute of of the video. It applies to Ukraine, also, where, for example, cops may stop you for speeding, but the problem can be immediately resolved with cash. I personally knew a foreigner (not from the US) in Ukraine who literally nearly killed a Ukrainian only because he felt he was insulted. The problem disappeared and immediately resolved with a contribution of equivalent to $5000 to the local court.

[@sgturner59]

Thanks for this.

[@scourgeofsnackind]

11:00 is hilarious lol. We love you Matt!!! TAKE THE VAMPIRE SQUIDS DOWN!!

[@mns8732]

He didn't sugar coat his presentation for this audience of the affluent and we'll healed of DC and he sure made a few uncomfortable. I'm glad he's documenting our slide into a one party nation. All that's left is for a strong man to appear and package it.

[@hirschowitz1]

Thank you for making this available to us peasants (the 90 + %). Matt Taibbi for Vice President/minister for justice, you name it ....... vote Bernie 2020.

[@hirschowitz1]

Need to add to my initial comment the prescient, thoughtful and important questions from the audience. Thank you all. Miss Jenny

[@ChannelMath]

how can these cops and prosecutors sleep at night? I don't get it

[@markedwardspezenosky5814]

They sleep good because everyone locked up .. Except them..which needs to happen

[@hildolfrdraugadrottin7279]

Because they are soulless lowlife scum with no morals that get off on hurting others and their children. If there is a hell it's waiting for them. I don't blame people for sending some of them there a little faster. Maybe if it happened more often they'd think twice before they intentionally ruined people's lives that haven't hurt anyone. These heartless punks don't only destroy people's lives but they are stealing from all of us because we are the ones paying to keep these harmless people in prison. Many people don't understand how prison changes people and it's never for the good. I've known good people that wouldn't harm anyone go to prison over something stupid like drugs and come back as stone cold killers. And I'm not exaggerating. I've witnessed it several times over the years. What started off as a simple drug offense that should've resulted in treatment instead of prison in the end did so much moral and mental damage to offenders they end up snapping and killing people. The legal system is set up for failures and to intentionally create more criminals. This way they have free slave labor, make millions in legal fees and them and their buddies all have jobs that make their weak cowardly selves feel powerful. They could care less about all the innocent people they hurt and the lives that are lost as they steal from hardworking people to finance their evilness.

[@merbst]

To cops, destroying lives feels like an orgasm after running a marathon, puts them right to sleep.

[@Dot-Dot-Dash]

Wow! This Information is what I first saw in the movie, "The Big Short" with Brad Pitt. I'll watch the rest of this later. and listen a couple times!

[@joelferguson8977]

What you have described is oligarchy, not a republic. The constitution has been used as toilet paper for a while now.

[@TheDanielLivingston]

This is a deeply unconstructive comment. In particular, "t

[@KaritKtana]

1:03:31 - does he mean "The New Jim Crow", by Michelle Alexander? Just wondering which books would be must haves to understand this topic better

[@lynnwandering581]

Wow I recognize the lawyer lady! She is a regular in the bookstore event, and like her a lot.

[@GETJUSTICE4U]

These problems are far more systemic. Check out guys like John Perkins (retired US economic hit man and Noam Chomsky (retired MIT professor).... just two of many.....

[@scottreid7254]

"...the new Jim Crow", so much for progress!

[@gregleroy1]

Taibbi Rocks!👍🏼

[@normankeena]

21:07 '... for which they arrested 20.000 people for that year...' a local youth 18/21yrs said to me one monday morning at work, he had been to 'christiania' we were working '86 in south harbour trucking dispatch, stacking pallets. he said he got searched and the copenhagen uniformed police took his two grammes and asked him if he wanted a receipt... they took his new wares and said, go home and don't come here again at the weekends. I was not shocked, white boxes, light big transit boxes, had only one gram

[@danguzman4676]

Write a Book on the Black Rock Company & Federal Reserve.

[@CherylCold]

And Vanguard...

[@SconnerStudios]

Taibii's the boss. Period.

[@PeggyJame]

The Ocean is warmer and Venice which has canals is partly more under water

[@impermanencenoself5965]

I'm sure it's been said before but we need all journos to be like Matt Taibbi. Or we need less monopolies in media. Both would be nice.

[@robertjustin9638]

I worked at Politics and Prose 20 years ago during its golden age.

[@trista4congress827]

Thanks, Matt! Great job. Sounds like someone /people should research this, for maybe a PhD in Jurisprudence or something - track a block of prisoners, their offenses & jailtime + demographic stats, through the criminal INjustice system

[@nerminodkan401]

One 💕Matt

[@alaricvisigoth919]

An hour of this? Get Somewhere!

[@stevendurham9996]

Wow. I know that the double standard exists, but, My God: now, we've got the billionaire who was mayor of New York while this stop and frisk was being implemented, running against a pretend billionaire New York real estate speculator, who's being represented, legally, by another former New York City Mayor.

[@lisakukla459]

These stories are literally sickening. Just fucking egregious. Shame. Thank you, Matt Taibi. ✊

[@classicalaid1]

Even though I am commenting here six years later, Matt's fine and worthy chat comes across as current events with the highest officials of the current scandal-ridden administration leaving jail long before completing their sentences. The Academy Award documentary film 'Inside Job' lays bare the wickedness of the 2007-8 era where none of the odious US bankers went to jail. At the same time, in fact, in Iceland the country declared bankruptcy for following the US's bankers' criminal ways. But Iceland took a very different course. It passed a law that half of the legislators had to be women. Then it jailed all of its top-level bankers responsible for their current catastrophe and, within a short time, Iceland was able to resolve its bankruptcy issue and eventually prosper. It leads one to ask if the Icelanders know something we choose not to acknowledge regarding the key role of women in society, including government. Check out Matt's revealing book and the film "Inside Job", as well.

[@sandracabral9277]

This is from 2014- like to know what they think of the Tea Party now in 2020?

[@barbginther2171]

Oh, I've read about this guy. So glad to hear him! Oh, yeah, our prisons are debtors' prisons.

[@linmal2242]

Why, in the 'Lands of The Free' is there no Law Firm who challenges these wrongful arrests with monetary punishments to said proecutions ? They should be held accountable, either judicically if not monetarily ! It should be punitive.

[@N.XSmits]

Rewatching this after SBF got off on a technicality

[@coryvernon123]

a "Presidential Handbook" needs to be published for whomever may find themselves living in Our House as of 2020. These unspoken rules of "Let's be nice" "Maintain your manners" "have a little class" have proven to fail since 2016.

[@anisaampatuan]

Too Big To Fail is Illegal. Break them up.

[@gb4375]

Any thought about the US conforming to international regulatory standards, Basel lll and IFRS?

[@mhanna787]

Hey. Message me. I think I have some good input for your perspective and the problem. I've been through the Manhattan prison system. Kinda. I'm an engineer. Ex drug addict. I'd love to talk.

[@Cotictimmy]

I rather liked the approach taken by the Quinn character to senior bankers in drama 'Homeland'. When a bank director refused to reveal how his bank laundered money for terrorists, Quinn followed him to a party, jumped into his taxi and told him: come back tomorrow and answer our questions or next time we meet I won't be so nice and friendly.

[@normankeena]

Stop wasting my time with descriptions of coreographed drama-shows put in play post Enron pyramid schemes

[@Frisbieinstein]

Lawless police state is attractive if you always on the winning side. It's not so nice if the cops don't like your kind, want your property, lust after your wife, etc.

[@1828tolstoy]

If they are to big to fail and you don't make them small enough you are saying next time they fail the people will have to pick up the tab.

[@FrancesClift]

WOW!!

[@DavidRuizTijerina]

Just to clarify: the Sinaloa cartel is neither central nor south-american. It's north-american. It's from Mexico.

[@RetroMakesBeats]

Central America is North America. Mexico, Guatemala, Belize, etc are Central America and North America Lol

[@normankeena]

I think the point with 'production, distribution and buying/selling 'contraband' is mainly the golden rule ' you have the gold, you make the rules' But more to the point. Talking the sward of sword of damocles to the many headed many headed hydra. Is a quixotic tautology, signifying nothing, in this age of cell networking and multy El Chapo

[@audiogrouch1]

some of these loans were only risky because the banks were extracting very high interest that was more than double the principle, which were hard for people to pay under bipartisan austerity programs

[@jsmdnq]

Once I learned how much financial crimes existed, how easy it is, how almost no one is punished... everything clicked on why America is so screwed up.

[@jem30six]

what has changed in nearly 4 years?

[@normankeena]

Usualy there would be a couple of congressional elections and one two thirds of senet one presidential and some kids graduate with a batchlor of arts in reality TV and the art of the deal or no deal. What the fukk do ye think has changed. From what and to what ! How are things in Crock-a-marrah 2014

[@PeggyJame]

Even a President cannot be above the law.

[@r.bevantrembly3687]

We’ve been “hoping” for equality and justice for so long. How long can we live on hope alone?

[@tarey05]

My recent comment was removed from this list. It was complimentary to Matt and explained a point of view re: trump's 2016 win. You trolls are still at it. Jeez-- give it up!

[@teamlean3717]

we also have such people here in south africa. KPMG, STEINHOFF, BIG CONSTRUCTION COMPANIES did untold damage to millions but their all walking scott free to this day ...

[@dscully1808]

I just realized that Matt's voice is the same as Mark Ruffalo.

[@rickbishop5987]

Not quite.

[@dscully1808]

@@rickbishop5987 Have you listened to Ruffalo's voice?

[@devinfaux6987]

We don't have a Justice System; we have an Injustice System.

[@forbearancemp5283]

Just finished watching this now. If the main JOB of Government is to protect the rights of it's citizens, all lawyers should be public servants. Then the corporation would get the same kind of lawyer the civil sector would, for free. When money is taken out of the equation, maybe then we'll get real justice.

[@meclazine]

Based on statistical analysis of his speech, I am postulating this guy loves Marijuana. Very interesting topic.

[@jimtree9819]

It would be nice for Mat to get involved with climate change.From what Ican glran on climate change the idea of having one would question bringing a child.

[@briandavey1139]

I understand the process of giving out Risky loans. Will anyone explain how through the process of giving someone a loan, these institutions made so much money and crashed the economy by people defaulting?

[@peterhooper2643]

The loans are traded like stocks, and like stocks you can trade futures on them, usually betting that they will go up. And because they're AAA rated you can 'leverage', which means you can use $10 to buy $100 worth these futures. If the value of the mortgage loans drops by 10% because some people default then you lose your entire $10.

[@adoredpariah]

This was like watching The Big Short, except more entertaining and informative. But that might be because I am a weird nerd.

[@bigpictureguys8415]

“I’m a lawyer amongst other things.” … “Ohhhh”

[@jocelynamtower9508]

Long for the day we rise up and put them down

[@juliettedemaso7588]

March 2020; the automobile market is running itself like the housing market circa 2008.