--- title: "1 Fine print Quotes By Matt Taibbi" description: "1 Fine print quotes by Matt Taibbi. Plus more from Matt Taibbi and more Fine print sayings from other authors." image: "https://sms4smile.com/quotes/i/8cd/matt-taibbi-2257_business_what-this-means-is-that-the-entire-busin_1735444.jpg" --- > [“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,…](https://sms4smile.com/quotes/matt-taibbi/what-this-means-is-that-the-entire-business-model-for-something-like/) [Matt Taibbi](https://sms4smile.com/quotes/author/matt-taibbi/) [Image](https://sms4smile.com/quotes/i/8cd/matt-taibbi-2257_business_what-this-means-is-that-the-entire-busin_1735444.jpg) ## More by Matt Taibbi > [ The Congressional Record will forever show that \[Obamacare\] was passed in a romper room of overgrown children seemingly barely old enough to keep from… ](https://sms4smile.com/quotes/matt-taibbi/the-congressional-record-will-forever-show-that-obamacare-was-passed/) [Matt Taibbi](https://sms4smile.com/quotes/author/matt-taibbi/) > [Sniper is a movie whose politics are so ludicrous and idiotic that under normal circumstances it would be beneath criticism. The only thing that…](https://sms4smile.com/quotes/matt-taibbi/sniper-is-a-movie-whose-politics-are-so-ludicrous-and-idiotic-that/) [Matt Taibbi](https://sms4smile.com/quotes/author/matt-taibbi/) > [I get the cynicism thing all the time, although I don't really know where that comes from, because I think I'm actually the opposite…](https://sms4smile.com/quotes/matt-taibbi/i-get-the-cynicism-thing-all-the-time-although-i-don-t-really-know/) [Matt Taibbi](https://sms4smile.com/quotes/author/matt-taibbi/) > [It's really interesting that we've had this great Tea Party movement that is all about restoring free market capitalist values, but what they completely…](https://sms4smile.com/quotes/matt-taibbi/it-s-really-interesting-that-we-ve-had-this-great-tea-party-movement/) [Matt Taibbi](https://sms4smile.com/quotes/author/matt-taibbi/) > [To be robbed and betrayed by a fiendish underground conspiracy, or by the earthly agents of Satan, is at least a romantic sort of…](https://sms4smile.com/quotes/matt-taibbi/to-be-robbed-and-betrayed-by-a-fiendish-underground-conspiracy-or-by/) [Matt Taibbi](https://sms4smile.com/quotes/author/matt-taibbi/) > ['Nobody goes to jail.' This is the mantra of the financial-crisis era, one that saw virtually every major bank and financial company on Wall…](https://sms4smile.com/quotes/matt-taibbi/nobody-goes-to-jail-this-is-the-mantra-of-the-financial-crisis-era/) [Matt Taibbi](https://sms4smile.com/quotes/author/matt-taibbi/) > [The basic scam in the Internet age is pretty easy even for the financially illiterate to grasp. It was as if banks like Goldman…](https://sms4smile.com/quotes/matt-taibbi/the-basic-scam-in-the-internet-age-is-pretty-easy-even-for-the/) [Matt Taibbi](https://sms4smile.com/quotes/author/matt-taibbi/) > [For the broadcast business to be successful, viewers need to be not merely interested in our political melodramas, they have to be in an…](https://sms4smile.com/quotes/matt-taibbi/for-the-broadcast-business-to-be-successful-viewers-need-to-be-not/) [Matt Taibbi](https://sms4smile.com/quotes/author/matt-taibbi/) > [It's not a stretch to say the whole financial industry revolves around the compass point of the absolutely safe AAA rating. But the financial…](https://sms4smile.com/quotes/matt-taibbi/it-s-not-a-stretch-to-say-the-whole-financial-industry-revolves/) [Matt Taibbi](https://sms4smile.com/quotes/author/matt-taibbi/) > [You know what an effective deterrent to crime is? Jail! And do you know what kind of criminal penalty actually makes people think twice…](https://sms4smile.com/quotes/matt-taibbi/you-know-what-an-effective-deterrent-to-crime-is-jail-and-do-you-know/) [Matt Taibbi](https://sms4smile.com/quotes/author/matt-taibbi/) > [Conspiracy theorists of the world, believers in the hidden hands of the Rothschilds and the Masons and the Illuminati, we skeptics owe you an…](https://sms4smile.com/quotes/matt-taibbi/conspiracy-theorists-of-the-world-believers-in-the-hidden-hands-of/) [Matt Taibbi](https://sms4smile.com/quotes/author/matt-taibbi/) > [Like wars, forest fires and bad marriages, really stupid laws are much easier to begin than they are to end.](https://sms4smile.com/quotes/matt-taibbi/like-wars-forest-fires-and-bad-marriages-really-stupid-laws-are-much/) [Matt Taibbi](https://sms4smile.com/quotes/author/matt-taibbi/) > [You can have somebody living next door to you and you can live in a completely different world from that person, which is definitely…](https://sms4smile.com/quotes/matt-taibbi/you-can-have-somebody-living-next-door-to-you-and-you-can-live-in-a/) [Matt Taibbi](https://sms4smile.com/quotes/author/matt-taibbi/) > [George Bush and John Ashcroft were religious in a scary way, but the rational among us could always take heart that, deep down, the…](https://sms4smile.com/quotes/matt-taibbi/george-bush-and-john-ashcroft-were-religious-in-a-scary-way-but-the/) [Matt Taibbi](https://sms4smile.com/quotes/author/matt-taibbi/) > [“People aren't pissed just to be pissed. They're mad because a tiny group of crooks on Wall Street built themselves beach houses in the…](https://sms4smile.com/quotes/matt-taibbi/people-aren-t-pissed-just-to-be-pissed-they-re-mad-because-a-tiny/) [Matt Taibbi](https://sms4smile.com/quotes/author/matt-taibbi/) ```json { "@context": "https://schema.org", "@graph": [ { "@type": "ItemList", "@id": "https://sms4smile.com/quotes/about/fine-print/matt-taibbi/#itemlist", "name": "1 Fine print Quotes By Matt Taibbi", "numberOfItems": 1, "itemListElement": [ { "@type": "ListItem", "position": 1, "item": { "@type": "Quotation", "text": "“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.”", "creator": { "@type": "Person", "name": "Matt Taibbi" }, "url": "https://sms4smile.com/quotes/matt-taibbi/what-this-means-is-that-the-entire-business-model-for-something-like/", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/8cd/matt-taibbi-2257_business_what-this-means-is-that-the-entire-busin_1735444.jpg", "contentUrl": "https://sms4smile.com/quotes/i/8cd/matt-taibbi-2257_business_what-this-means-is-that-the-entire-busin_1735444.jpg", "url": "https://sms4smile.com/quotes/i/8cd/matt-taibbi-2257_business_what-this-means-is-that-the-entire-busin_1735444.jpg", "width": 1080, "height": 1080, "caption": "“What this means is that the entire business model for something like Chase’s credit card business is not…” — Matt Taibbi", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } } } ] }, { "@type": "CollectionPage", "@id": "https://sms4smile.com/quotes/about/fine-print/matt-taibbi/#webpage", "url": "https://sms4smile.com/quotes/about/fine-print/matt-taibbi/", "name": "Fine print Quotes by Matt Taibbi", "isPartOf": { "@id": "https://sms4smile.com/quotes/#website" }, "mainEntity": { "@id": "https://sms4smile.com/quotes/about/fine-print/matt-taibbi/#itemlist" }, "primaryImageOfPage": { "@id": "https://sms4smile.com/quotes/i/8cd/matt-taibbi-2257_business_what-this-means-is-that-the-entire-busin_1735444.jpg" }, "description": "1 Fine print quotes by Matt Taibbi. 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