— Matt Taibbi and Molly CrabappleA historical note that gives lie to later suggestions that the markets would panic in the face of criminal investigations of Wall Street: when Rigas was busted, the stock market actually rallied to its second-biggest one-day gain ever, thanks to the widespread perception that the state was taking out corporate America’s garbage.
Replicated under Fair Use from The Divide: American Injustice in the Age of the Wealth Gap by Matt Taibbi and Molly Crabapple. (Pg. 20)