Matt Taibbi’s new article in Rolling Stone speaks some serious truth about what truly caused our current financial crisis:

The mistake most people make in looking at the financial crisis is thinking of it in terms of money, a habit that might lead you to look at the unfolding mess as a huge bonus-killing downer for the Wall Street class. But if you look at it in purely Machiavellian terms, what you see is a colossal power grab that threatens to turn the federal government into a kind of giant Enron — a huge, impenetrable black box filled with self-dealing insiders whose scheme is the securing of individual profits at the expense of an ocean of unwitting involuntary shareholders, previously known as taxpayers.

I do have to warn you — It’s hard not to finish reading the article without getting the sense that we’re completely and irretrievably fucked.

I’m really not sure at this point whether we’re ever going to learn anything truly valuable from this crisis.

Update: Rachel Maddow just covered much the same ground on her show tonight.