This is on the long side– it goes fast if you get into it– but it is worth spending some time on it (about 50 minutes). Taibbi does a great job of showing that corruption in the financial sector continues unabated. He also makes it clear that solutions are not impossible.
About Ray Watkins
I was born in Baton Rouge, Louisiana, at Our Lady of the Lake Hospital. I grew up in Houston, as a part of what we only half-jokingly call the Cajun Diaspora. At a certain point during the Regan administration, I had to leave, so I served in the Peace Corps, Philippines, from 1987-89. I didn't want to return to the United States just yet, so I moved to Paris, France, where I lived for three years or so. I then moved back to Austin, Texas, where I had received my Masters Degree, and (eventually) began a Ph.D., which I completed in 1999. I spent a year at Temple University and then accepted a position at Eastern Illinois University where I worked until May of 2006. I now work exclusively on line (although that may change) for Johns Hopkins, the Art Institute Online, and Smarthinking.com. I can be reached most easily via email: raywatkins [that 'at' symbol] writinginthewild.com