The Banks: The Psychopathy of Wall Street

Rolling Stone, June 25, 2012

http://www.rollingstone.com/politics/blogs/taibblog/taibbi-joins-yves-smith-on-moyers-20120625



“Too many people hold the idea that psychopaths are essentially killers or convicts.

The general public hasn’t been educated to see beyond the social stereotypes to understand that psychopaths can be entrepreneurs, politicians, CEOs and other successful individuals who may never see the inside of a prison.”  Dr. Robert Hare

Rolling Stone editor Matt Taibbi and Yves Smith, creator of the finance and economics blog Naked Capitalism, join Bill to discuss the folly and corruption of both banks and government, and how that tag-team leaves deep wounds in our democracy. Taibbi’s latest piece is “The Scam Wall Street Learned from the Mafia.”http://www.rollingstone.com/politics/news/the-scam-wall-street-learned-from-the-mafia-20120620

Yves Smith is the author of “ECONned: How Unenlightened Self Interest Undermined Democracy and Corrupted Capitalism.”

Bill Moyers: So in this particular case, what is JPMorgan’s sin? That’s the question Representative David Schweikert raised on the day of the hearing. He asked, “What sin has JPMorgan committed other than being big enough to lose billions of their own money in a quarter and still turn a $4 billion profit?” Want to take a stab at answering?