While catching up on some reading during Thanksgiving weekend, I stumbled across this lengthy gem by Matt Taibbi, which details the story of a whistleblower at JP Morgan/Chase. What unfolds confirms most people’s worst suspicions about the greed and willful malevolence that lead to the economic catastrophe of 2007-08 and subsequent Great Recession.
What mystifies me about our current information landscape is that a report such as this would seem to put a nail in the coffin of some banking executives. Public anger would spur even the most dysfunctional of Legislative bodies into action to ensure justice was appropriately meted. But no. The world keeps turning, and none of the wealthy @$$hol3s responsible for the crisis are held responsible.
Why is that? Why doesn’t information like this reach a broader percentage of public saturation?
Have we become too jaded? Essentially assuming complete guilt from the banks and giving up beyond that? Is this not a revelation, but just another piece of proof no one needed to reach a foregone conclusion that bankers were guilty?
The article had decent social amplification: 185k Facebook ‘likes’ isn’t bad (although the reach of those posts rippling outward is probably significantly less than it would have been a few years ago when it comes to the changes Facebook has made to its newsfeed algorithm).
Or does it come down to the length of the article? Is there a way to present this other than Longform that would make it more readily consumable? How would you do it?