Matt Taibbi’s book The Divide describes elements of The Sociopathic Business Model™
Journalist Matt Taibbi was last night’s guest, on the Daily Show with Jon Stewart who promoting his new book “The Divide.” Everything he mentioned are the same concerns many of us are having. The book looks at the nation’s wealth gap from a legal standpoint, and the profoundly different ways the wealthy are penalized versus everyone else. Just look at Robert H. Richards IV, DuPont heir who raped his three year old daughter and received probation and no jail time.
Taibbi argues that banks, during the mortgage crisis, were stealing billions of dollars from people and were not getting punished. He uses the example of a grandmother unknowingly getting a faulty loan from a bank, and watching the bank get away with it. Bank heads and wall street bigwigs are seen as good people in our culture, ones that do not deserve any punishment. He had one person say that bigshots “are not appropriate for jail.” Again something echoed recently from Judge Jan Jurden in the Richards trial who stated he “will not fare well” in prison.
The book is out today and I hope he mentions the pharmaceutical industry that are killing children, paying billion dollar fines and receive no jail time. Is this another case of CEO’s not faring well in prison? Isn’t that the point after all?
Taibbi told a story, of the day when HSBIC admitted to funding narco-terrorists, and ended up walking away with no jail time and owing $1.9 billion. He went to a local court on the same day, where he met someone who was sentenced to 47 days in Rikers for having a joint in public. “This is not a bug in the system, it is a feature of the system” Stewart said. Taibbi also brought up the Collateral Consequences Policy that Eric Holder drafted, where companies could find alternative punishments for their bad apples that wouldn’t hurt the others – and how warped that original good idea has become.
Taibbi’s book is right in line with what’s been discussed on this page: