Matt Taibbi: Bush far tougher than Obama on corporate America
Screenshot


Journalist Matt Taibbi was on Democracy Now today promoting his new book The Divide, and Amy Goodman asked him which of the last two presidents has been harder on corporate crime:
Goodman: Who was tougher on corporate America, President Obama or President Bush?
Taibbi: Oh, Bush, hands down. And this is an important point to make, because if you go back to the early 2000s, think about all these high-profile cases: Adelphia, Enron, Tyco, WorldCom, Arthur Andersen. All of these companies were swept up by the Bush Justice Department. And what's interesting about this is that you can see a progression. If you go back to the savings and loan crisis in the late '80s... we put about 800 people in jail during — in the aftermath of that crisis. You fast forward 10 or 15 years to the accounting scandals, like Enron and Adelphia and Tyco, we went after the heads of some of those companies. It wasn't as vigorous as the S&L prosecutions, but we at least did it. At least George Bush recognized the symbolic importance of showing ordinary Americans that justice is blind, right?
Fast forward again to the next big crisis, and how many people have we got — have we actually put in jail? Zero... nobody went to jail, so that we're now in a place where we don't even recognize the importance of keeping up appearances when it comes to making things look equal.
Watch below, starting about 49 minutes in. (H/T Talking Points Memo) --Ryan Cooper
A free daily email with the biggest news stories of the day – and the best features from TheWeek.com
The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.

Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
Ryan Cooper is a national correspondent at TheWeek.com. His work has appeared in the Washington Monthly, The New Republic, and the Washington Post.
-
‘Are we just going to stand in passive witness to the degradation of our democracy?’
Instant Opinion Opinion, comment and editorials of the day
-
Do Republicans have a health care plan?
Today's Big Question The shutdown hinges on the answer
-
The new age of book banning
The Explainer How America’s culture wars collided with parents and legislators who want to keep their kids away from ‘dangerous’ ideas
-
‘Vile, racist’ leaked chats roil Young Republicans
Speed Read Leaders of Young Republican groups made racist, antisemitic and violent comments in private chats
-
Trump ties $20B Argentina bailout to Milei votes
speed read Trump will boost Argentina’s economy — if the country’s right-wing president wins upcoming elections
-
News organizations reject Pentagon restrictions
Speed Read The proposed policy is Defense Secretary Pete Hegseth’s latest move to limit press access at the Pentagon
-
Trump declares end to Gaza war, ‘dawn’ of new Mideast
Speed Read Hamas freed the final 20 living Israeli hostages and Israel released thousands of Palestinian detainees
-
Trump DOJ indicts New York AG Letitia James
Speed Read New York Attorney General Letitia James was indicted as Trump’s Justice Department pursues charges against his political opponents
-
Judge blocks Trump’s Guard deployment in Chicago
Speed Read The president is temporarily blocked from federalizing the Illinois National Guard or deploying any Guard units in the state
-
Trump urges jail for Illinois, Chicago leaders
Speed Read The Texas National Guard begin operations in the Chicago area
-
Bondi stonewalls on Epstein, Comey in Senate face-off
Speed Read Attorney General Pam Bondi denied charges of using the Justice Department in service of Trump’s personal vendettas