When Sen. Bernard Sanders holds a town hall meeting this week in Burlington to take on the country’s “too big to fail, too big to jail” banks, he’ll be joined in his quest by Rolling Stone investigative reporter Matt Taibbi.
Taibbi, 42, who has written extensively about the role Wall Street banks played in the financial collapse of 2008 and the continuing abuses, will lend his support to Sanders’ call to break up the mega-banks.
That call will come in the form of a Sanders bill to be introduced this week to dismantle the nation’s largest financial institutions.
In a telephone interview last week, Taibbi said the legislation is overdue and is the only way to stop the global banking behemoths from running amuck and causing another financial calamity.
Worse, Taibbi said no one has been held criminally responsible with the Obama administration and its chief law enforcement officer, Attorney General Eric Holder, effectively giving the bankers a don’t worry about going to jail card.
“Nobody is actually responsible for anything that’s gone wrong, has really had to pay personally,” said Taibbi, who will join Sanders, an independent from Vermont who sits on the Senate Budget Committee, on Friday for a 7 p.m. town hall meeting at the Unitarian Church on Pearl Street. Prior to that, the pair will make a 3 p.m., public appearance at the University of Vermont.