Matt Taibbi gives me a profanity boner

I always figure out that I’m reading a Matt Taibbi piece within the first three grafs after the lede.  Mostly became of gems like this:

But this new SEC suit officially places it at the center of a raging national discussion about the hopelessly fucked state of American business ethics.

His latest editorial from Rolling Stone is, as always, a must read.

Really, you don’t believe me?

Do you understand the Goldman Sachs debacle?

Try this on for size:

So within the space of a few days, Goldman issued three different explanations, which progressed from (a) we absolutely, positively didn’t do it, to (b) if we did do it, we didn’t make any money doing it, and finally on to (c) if somebody did it, it was only that French cat Tourre, and here’s his head if you want it.

We gave these people nearly a trillion bailout dollars, and no one knows what service they actually provide beyond fraud, gross self-indulgence and the occasional transparently insincere public apology.

Just how “hopelessly fucked” are we?  Well, if the pending reform legislation and the dubious timing of this fraud lawsuit against Goldman is any indication then America is up the fecal creek.

It would be nice to think that the SEC suit is aimed at this twisted worldview as much as at the actual offense. Some observers believe the case against Goldman was timed to pressure Wall Street into acquiescing to Sen. Chris Dodd’s loophole-ridden financial-reform bill, which probably won’t do much to prevent cases like the Abacus fiasco. Or maybe it’s just pure politics – Democrats dropping the proverbial horse’s head in Goldman’s bed to get their fig-leaf financial-reform effort passed in time for the midterm elections.

Seriously, full story.  Read it.

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