02/01/2013 02:24 pm ET Updated Dec 06, 2017

WATCH: Matt Taibbi on Our Blind Eye to Shockingly Bad Behavior

I spoke with Matt Taibbi about the Obama administration's approach to holding banks accountable for their behavior -- he said early indications are not promising. Taibbi argues that fearing another economic calamity is no excuse for turning a blind eye to shockingly unethical decisions and management.

"The rule of law isn't really the rule of law if it doesn't apply equally to everybody. If you're going to put somebody in jail for having a joint in his pocket, you can't let higher ranking HSBC officials off for laundering $800 million for the worst drug dealers in the entire world," Taibbi said. "Eventually it eats away at the very fabric of society."

Watch Bill's full conversation with Matt Taibbi on this weekend's Moyers & Company.