Taibbi, Olbermann on the Banks' Power Over Washington and Rogue Trading Scandals

Last night journalist Matt Taibbi appeared on Countdown with Keith Olbermann to discuss the case of the UBS "rogue" trader  arrested in London on charges that he lost $2 billion in "unauthorized" trading deals.

Taibbi's take? The industry is so powerful in DC that the US Government won't or can't pass regulations to stop this kind of thing from happening again, and happening elsewhere.

Watch below.

AlterNet / By Sarah Seltzer

Posted at September 16, 2011, 2:57am