Matt Taibbi, Rolling Stone contributing editor, tells comedian John Fugelsang about the case of United States of America v. Carollo, Goldberg and Grimm, in which three employees of General Electric’s finance arm were convicted of using organized crime techniques to scam small towns out of billions of dollars.
“This was the worst-case scenario for Wall Street,” says Taibbi. “The worst-case scenario was all the companies involved paid slap-on-the-wrist fines, essentially, and a few mid-level players will end up getting convicted. But if that’s the worst-case scenario and the government only catches this occasionally, why wouldn’t they just see this as the cost of doing business and just do this all the time?”
