Looting Main Street, by Matt Taibbi

Matt Taibbi wrote a scathing account in Rolling Stone of how Goldman Sachs fleeced clients--including sovereign governments like Greece, while at the same time, gerrymandering a bailout to save their bacon when their bets turned sour. See that article here. Taibbi now turns his attention to JPMorgan, and how they looted local governments here in the good ol' USA.

http://www.rollingstone.com/politics/story/32906678/looting_main_street/1

If you want to know what life in the Third World is like, just ask Lisa Pack, an administrative assistant who works in the roads and transportation department in Jefferson County, Alabama. Pack got rudely introduced to life in post-crisis America last August, when word came down that she and 1,000 of her fellow public employees would have to take a little unpaid vacation for a while. The county, it turned out, was more than $5 billion in debt — meaning that courthouses, jails and sheriff's precincts had to be closed so that Wall Street banks could be paid.