1.05.2010

Taibbi on the kleptocracy

Matt Taibbi nails it on Fannie, Freddie, and the Washington - Wall Street kleptocracy.

He's the only guy on the left who has a clue about this stuff.

I do think he's being a little unfair to capitalist conservatives, though. He presumes that conservatives/Republicans defend the kleptocracy to benefit Wall Street. He's wrong. Conservatives overwhelmingly opposed the bailouts and the TARP. We want free markets, not crony capitalism. Taibbi should go to a Tea Party. He'd be surprised to learn how much he has in common with us.

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