The Divide: American Injustice in the Age of the Wealth Gap Highlight

Both of these cozy deals, for Bear and for WaMu, allowed the state to conceal massive criminal conspiracies from the public and the markets by burying the toxic, fraudulently generated assets of these corrupt companies in the billowing skirts of a stable, “reputable,” too-big-to-fail company. In exchange, all Chase really had to do was cover up the mess by keeping the extent of the fraud and toxicity under wraps.