- 2:30 pm - Thu, Aug 18, 2011
- 276 notes
Is the SEC covering up for Wall Street’s crimes?
That’s what Matt Taibbi explores in the latest issue of Rolling Stone. In a shocking expose, Taibbi writes of one whistle-blower who claims that over the past 20 years the Securities and Exchange Commission has knowingly destroyed documents from thousands of investigations. These actions, Taibbi writes, essentially wiped the slate clean for some of America’s worst financial crooks.
Taibbi adds, “We’ll never know exactly who got away with what, because federal regulators have weighted down a huge sack of Wall Street’s dirty laundry and dumped it in a lake, never to be seen again.”
Read the entire piece on RollingStone.com.