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Sunday, September 18, 2011

Matt Taibbi on the ‘Rogue Trader’ banking scandal at UBS [video]

“Countdown” guest host David Shuster and Rolling Stone contributing editor Matt Taibbi discuss the “Rogue Trader” scandal at UBS. Kweku Adoboli, a 31-year-old trader for the Swiss bank, is under arrest in London on charges of losing $2 billion in unauthorized trading. Taibbi says the financial industry is too powerful in Washington right now for politicians to pass any meaningful legislation that might prevent this kind of scandal.

Watch “Countdown with Keith Olbermann” live each weeknight at 8/7c on Current TV. Click here to find the show in your area.

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