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

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Why? From time to time, secondhand accounts leaked out that suggested that the absence of such prosecutions was part of a conscious strategy not just in the Justice Department but throughout the Obama administration. A book by Ron Suskind called Confidence Men, published two years into Obama’s presidency, quoted then–treasury secretary Tim Geithner as saying that exposing the fraud would create financial panics. “The confidence in the system is so fragile still,” he reportedly said. “… A disclosure of a fraud … could result in a run, just like Lehman.”

— 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. 45)