The Divide Quotes

“Twenty-six billion dollars of fraud: no felony cases. But when the stakes are in the hundreds of dollars, we kick in 26,000 doors a year, in just one county.”
― Matt Taibbi, The Divide: American Injustice in the Age of the Wealth Gap

“Our prison population, in fact, is now the biggest in the history of human civilization. There are more people in the United States either on parole or in jail today (around 6 million total) than there ever were at any time in Stalin’s gulags. For what it’s worth, there are also more black men in jail right now than there were in slavery at its peak.”
― Matt Taibbi, The Divide: American Injustice in the Age of the Wealth Gap

“For a country founded on the idea that rights are inalienable and inherent from birth, we’ve developed a high tolerance for conditional rights and conditional citizenship.”
― Matt Taibbi, The Divide: American Injustice in the Age of the Wealth Gap

“More and more often, we all make silent calculations about who is entitled to what rights, and who is not.”
― Matt Taibbi, The Divide: American Injustice in the Age of the Wealth Gap

“The great nonprosecutions of Wall Street in the years since 2008, I would learn, were just symbols of this dystopian sorting process to which we’d already begun committing ourselves. The cleaving of the country into two completely different states—one a small archipelago of hyperacquisitive untouchables, the other a vast ghetto of expendables with only theoretical rights—has been in the works a long time. The Divide is a terrible story, and a crazy one. And it goes back a long, long way.”
― Matt Taibbi, The Divide: American Injustice in the Age of the Wealth Gap

“People are beginning to become disturbingly comfortable with a kind of official hypocrisy. Bizarrely, for instance, we’ve become numb to the idea that rights aren’t absolute but are enjoyed on a kind of sliding scale.”
― Matt Taibbi, The Divide: American Injustice in the Age of the Wealth Gap

“Obsessed with success and wealth and despising failure and poverty, our society is systematically dividing the population into winners and losers, using institutions like the courts to speed the process.”
― Matt Taibbi, The Divide: American Injustice in the Age of the Wealth Gap

“It’s become a cliché by now, but since 2008, no high-ranking executive from any financial institution has gone to jail, not one, for any of the systemic crimes that wiped out 40 percent of the world’s wealth. Even now, after JPMorgan Chase agreed to a settlement north of $13 billion for a variety of offenses and the financial press threw itself up in arms over the government’s supposedly aggressive new approach to regulating Wall Street, the basic principle held true: Nobody went to jail. Not one person.”
― Matt Taibbi, The Divide: American Injustice in the Age of the Wealth Gap

“Unquestionably, however, something else is at work, something that cuts deeper into the American psyche. We have a profound hatred of the weak and the poor, and a corresponding groveling terror before the rich and successful, and we’re building a bureaucracy to match those feelings.”
― Matt Taibbi, The Divide: American Injustice in the Age of the Wealth Gap

“So the only time RICO was used to fight mortgage fraud was when the criminal was a black gang member and the victims were banks. (Ironically, nobody thought to wonder how it was possible for a Lincoln Park gang member to buy 222 houses with no money down. Heading into that particular rabbit hole would have led to the larger crime, but nobody did.)”
― Matt Taibbi, The Divide: American Injustice in the Age of the Wealth Gap

“We still have real jury trials, honest judges, and free elections, all the superficial characteristics of a functional, free democracy. But underneath that surface is a florid and malevolent bureaucracy that mostly (not absolutely, but mostly) keeps the rich and the poor separate through thousands of tiny, scarcely visible inequities.”
― Matt Taibbi, The Divide: American Injustice in the Age of the Wealth Gap

“In a mass society where obtaining credit is as easy as it is, there’s probably no way to efficiently collect on delinquent accounts by writing real affidavits, filing legitimate, error-free lawsuits, and serving legitimate summonses in each and every individual case. Without the shortcuts, it doesn’t work. So techniques like robo-signing and sewer service are essential to the profitability of the business. Plenty of people—consumers and merchants both—are probably glad that so much credit is available, but they don’t realize that systematic fraud is part of what makes it available. Legally, there’s absolutely no difference between a woman on welfare who falsely declares that her boyfriend no longer lives in the home and a bank that uses a robo-signer to cook up a document swearing that he has kept regular records of your credit card account. But morally and politically, they’re worlds apart. When the state brings a fraud case against a welfare mom, it brings it with disgust, with rage, because in addition to committing the legal crime, she’s committed the political crime of being needy and an eyesore. Banks commit the legal crime of fraud wholesale; they do so out in the open, have entire departments committed to it, and have employees who’ve spent years literally doing nothing but commit, over and over again, the same legal crime that some welfare mothers go to jail for doing once. But they’re not charged, because there’s no political crime. The system is not disgusted by the organized, mechanized search for profit. It’s more like it’s impressed by it.”
― Matt Taibbi, The Divide: American Injustice in the Age of the Wealth Gap

“Too-big-to-fail, meet small-enough-to-jail.”
― Matt Taibbi, The Divide: American Injustice in the Age of the Wealth Gap

“But even though nobody from the government ever says anything out loud about a lack of evidence being the real reason nobody from these companies goes to jail, we’re all—including reporters who cover this stuff—still supposed to accept that as the real explanation. It’s a particular feature of modern American government officials, particularly Democratic Party types, that they often expect the press and the public to give them credit for their unspoken excuses. They’ll vote yea on the Iraq war and the Patriot Act and nay for a public option or an end to torture or a bill to break up the banks. Then they’ll cozy up to you privately and whisper that of course they’re with you in spirit on those issues, but politically it just wasn’t possible to vote that way. And then they start giving you their reasons.”
― Matt Taibbi, The Divide: American Injustice in the Age of the Wealth Gap

“Our prison population, in fact, is now the biggest in the history of human civilization. There are more people in the United States either on parole or in jail today (around 6 million total) than there ever were at any time in Stalin’s gulags. For what it’s worth, there are also more black men in jail right now than there were in slavery at its peak. See if this syllogism works, then. Poverty goes up; Crime goes down; Prison population doubles.”
― Matt Taibbi, The Divide: American Injustice in the Age of the Wealth Gap

“What this means is that the entire business model for something like Chase’s credit card business is not much more than a gigantic welfare fraud scheme. These companies borrow hundreds of billions of dollars from the Fed at rock-bottom rates, then turn around and lend it out to the world at 5, 10, 15, 20 percent, as credit cards and mortgages, boat loans and aircraft loans, and so on. If you pay it back, great, it’s a 500 percent or 1,000 percent or 4,000 percent profit for the bank. If you don’t pay it back, the company can put your name in the hopper to be sued. A $5,000 debt on a credit card for the now-defunct Circuit City, which was actually a Chase card, became a $13,000 or $14,000 debt by the time the bank finished applying fees and penalties. Just like a welfare application, you have to read the fine print. “They make more on lawsuits than they make on credit interest,” says Linda.”
― Matt Taibbi, The Divide: American Injustice in the Age of the Wealth Gap

“It was at that moment that Markisha decided to apply for CalWORKs. She’d rented a room in an apartment she shared with a barber in her neighborhood, and she needed some help paying for it. CalWORKs meant three hundred dollars a month, plus food stamps. So she went to the local welfare office—a “Family Resource Center,” known as an FRC—and walked inside. She was barely sober, emotionally a wreck, literally penniless, and her entire ambition in life was to keep and maintain a room and a half in a rundown section of west San Diego without having to sell her body to pay the rent. This is the kind of person at whom the weight of the state’s financial fraud prosecution apparatus tends to be trained in America. Markisha entered the financial fraud patrol zone when she walked through those doors at the FRC. For three hundred dollars a month, she was about to become more heavily scrutinized by the state than any twelve Wall Street bankers put together. The amounts of money spent in these kinds of welfare programs are very small, but the levels of political capital involved are mountainous. You can always score political points banging on black welfare moms on meth. And the bureaucracy she was about to enter reflects that intense, bitterly contemptuous interest.”
― Matt Taibbi, The Divide: American Injustice in the Age of the Wealth Gap

“Chase’s was a junkie’s banking strategy, shooting speed in the morning and spending all day foraging for the cash to dope down at night, an endless quest to chase the debt dragon.”
― Matt Taibbi, The Divide: American Injustice in the Age of the Wealth Gap

“We’re creating a dystopia, where the mania of the state isn’t secrecy or censorship but unfairness. Obsessed with success and wealth and despising failure and poverty, our society is systematically dividing the population into winners and losers, using institutions like the courts to speed the process. Winners get rich and get off. Losers go broke and go to jail. It isn’t just that some clever crook on Wall Street can steal a billion dollars and never see the inside of a courtroom; it’s that, plus the fact that some black teenager a few miles away can go to jail just for standing on a street corner, that makes the whole picture complete.”
― Matt Taibbi, The Divide: American Injustice in the Age of the Wealth Gap

“Ironically, the very brokest people in America, Hispanic immigrants, are one of America’s last great cash crops.”
― Matt Taibbi, The Divide: American Injustice in the Age of the Wealth Gap

“Justice by Attrition turns courthouses like this giant complex on Schermerhorn Street into huge fun houses of unreasonableness and mindless punishment, where you can peek into just about any room and find someone absolutely beside himself with disbelief over what is happening to him.”
― Matt Taibbi, The Divide: American Injustice in the Age of the Wealth Gap

“Hirschi was convinced that people who were usefully busy didn’t commit crimes. “The child playing ping-pong, swimming in the community pool, or doing his homework,” he said, “is not committing delinquent acts.” Hirschi didn’t spend a whole lot of time looking at people who had good jobs and became criminals anyway, completely ignoring in this way a whole class of crime. White-collar crime by its very nature involves a high degree of self-control and planning. It’s committed almost overwhelmingly by people who had enough self-mastery to make it through high school and college and hold down good jobs.”
― Matt Taibbi, The Divide: American Injustice in the Age of the Wealth Gap

“We have a profound hatred of the weak and the poor, and a corresponding groveling terror before the rich and successful, and we’re building a bureaucracy to match those feelings.”
― Matt Taibbi, The Divide: American Injustice in the Age of the Wealth Gap

“since 2008, no high-ranking executive from any financial institution has gone to jail, not one, for any of the systemic crimes that wiped out 40 percent of the world’s wealth.”
― Matt Taibbi, The Divide: American Injustice in the Age of the Wealth Gap

“The sudden introduction of these magic mortgage bonds into the marketplace pushed most every major institutional investor in the world to suddenly become consumed with the desire to lend money to American home borrowers, even if they didn’t know to whom exactly they were lending or how exactly these borrowers were qualifying for their home loans. As a result of this lunatic process, houses in middle- and lower-income neighborhoods from Fresno to the Jersey Shore became jammed full of new home borrowers, millions and millions of them, who in many cases were not equal to the task of making their monthly payments. The situation was tenable so long as housing prices kept rising and these teeming new populations of home borrowers could keep their heads above water, selling or refinancing their way out of trouble if need be. But the instant the arrow began tilting downward, this rapidly expanding death-balloon of phony real estate value inevitably had to—and did—explode.”
― Matt Taibbi, The Divide: American Injustice in the Age of the Wealth Gap

“They thought they were employing an economy-saving doctrine of situational leniency, but they somehow failed to understand that by coming up with a calculus to determine who was big enough and important enough to command jurisprudential mercy, they were simultaneously making a calculation about who was small enough and unimportant enough not to qualify.”
― Matt Taibbi, The Divide: American Injustice in the Age of the Wealth Gap

“For what it’s worth, there are also more black men in jail right now than there were in slavery at its peak.”
― Matt Taibbi, The Divide: American Injustice in the Age of the Wealth Gap

“For a country founded on the idea that rights are inalienable and inherent from birth, we've developed a high tolerance for conditional rights and conditional citizenship. And the one condition, it turns out, is money. If you have a lot of it, the legal road you get to travel is well lit and beautifully maintained. If you don't, it's a dark alley and most Americans would be shocked to find out what's at the end of it.”
― Matt Taibbi, The Divide: American Injustice in the Age of the Wealth Gap

“Things that are jailable crimes on one end of that spectrum become speeding tickets on the other. We find white people on the jail end and black people on the speeding ticket end, but for the most part … well, for the most part, you know what I mean. That winking understanding we all share about who gets the book thrown at him and who doesn’t, that’s where American racism has gone: unspoken and hidden, but bureaucratized and automated, and therefore more powerful than ever.”
― Matt Taibbi, The Divide: American Injustice in the Age of the Wealth Gap

“In other words, you need to be a bureaucracy in order to survive one. This is the overwhelming narrative of modern American economics, that the individual, particularly the individual without a lot of money, is inherently overmatched. He’s a loser. And if he falls into any part of the machine, he goes straight to the bottom.
And then there’s the most disturbing truth of all. People assume that a system that favors the rich likes rich people. This isn’t true. Our bureaucracies respond to the money rich people have, and they bend to the legal might the rich can hire, but they don’t give a damn about rich people. You can be rich and still fall into any one of a dozen financial/legal meat grinders, from an erroneously collapsed credit score to a robo-signed foreclosure to a stolen identity to a retirement account vaporized by institutional theft and fraud.
The system eats up rich people, too, because it’s not concerned with protecting any individuals, even the rich ones. These bureaucracies accomplish just two things: they make small piles of money smaller and big piles of money bigger. It’s a system that doesn’t care whose hands end up holding the bag, or how long those hands get to hold the bag. It just relentlessly creates and punishes losers, who get to sit beneath an ever-narrowing group of winners, who may or may not stay on top for long.
What does get preserved, in all cases, is a small constellation of sprawling, interconnected financial companies, whose names and managements may change (Bear becomes Chase, Wachovia becomes Wells Fargo, etc.), but whose entrenched influence remains the same. In other words, this is a machine that loves and protects money but somehow hates all people.”
― Matt Taibbi, The Divide: American Injustice in the Age of the Wealth Gap