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

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Obama was echoing the main mantra that continued to emanate from Wall Street after the crash, in which high-level executives involved in this or that scandal repeatedly insisted that what they had done was not actually against the law. The thing that’s interesting about this claim isn’t that it’s factually wrong, which incidentally it almost always is, often to a humorously enormous degree. What’s interesting is that the people who make this claim usually believe it to be true. Even Barack Obama, despite the fact that he’s almost universally understood to be an outstanding lawyer and should know better, probably believes it to be true. This weird psychological kink is where the Divide lives.

— Matt Taibbi and Molly Crabapple

Replicated under Fair Use from The Divide: American Injustice in the Age of the Wealth Gap by Matt Taibbi and Molly Crabapple. (Pg. 397)