Matt Taibbi

Good ole Matt Taibbi uses the story about Donald Trump watching Muslims in New Jersey cheering as the Twin Towers fell on 9/11 to prove that America is dumb, at Rolling Stone: Until…









Maybe there will be a silver lining to the increasingly apparent 2012 End Times – Rolling Stone‘s Matt Taibbi suggests that apocalyptic madness might well sink the Republican candidates: I’m submitting a memo…



Matt Taibbi asks “Why is the Federal Reserve forking over $220 million in bailout money to the wives of two Morgan Stanley bigwigs?”, as ever in Rolling Stone: America has two national…





Matt Taibbi says it depends on whether you’re standing on Wall Street or Main Street, on his blog at Rolling Stone: “Everyone agrees that the recession is over.” – Larry Summers, director…



LBThese A-holes are no longer happy with the “Greed is Good” mantra? Kicking it up to the Almighty now? Great job ducking those questions from Congress today. Matt Taibbi, who’s been excellent on speaking the truth behind the so-called financial “crisis,” writes in the Guardian:

The investment bank’s cult of self-interest is on trial against the whole idea of civilisation — the collective decision by all of us not to screw each other over even if we can.

So Goldman Sachs, the world’s greatest and smuggest investment bank, has been sued for fraud by the American Securities and Exchange Commission. Legally, the case hangs on a technicality.

Morally, however, the Goldman Sachs case may turn into a final referendum on the greed-is-good ethos that conquered America sometime in the 80s – and in the years since has aped other horrifying American trends such as boybands and reality shows in spreading across the western world like a venereal disease.

When Britain and other countries were engulfed in the flood of defaults and derivative losses that emerged from the collapse of the American housing bubble two years ago, few people understood that the crash had its roots in the lunatic greed-centered objectivist religion, fostered back in the 50s and 60s by ponderous emigre novelist Ayn Rand.


Wall Street’s journalist nemesis Matt Taibbi reveals how the nation’s biggest banks, this time with J.P. Morgan at the head of the pack rather than Taibbi’s usual bad guys from Goldman Sachs, are ripping off American cities with the same predatory deals that brought down Greece, in Rolling Stone:

If you want to know what life in the Third World is like, just ask Lisa Pack, an administrative assistant who works in the roads and transportation department in Jefferson County, Alabama.

Pack got rudely introduced to life in post-crisis America last August, when word came down that she and 1,000 of her fellow public employees would have to take a little unpaid vacation for a while. The county, it turned out, was more than $5 billion in debtJPM logo — meaning that courthouses, jails and sheriff’s precincts had to be closed so that Wall Street banks could be paid.

As public services in and around Birmingham were stripped to the bone, Pack struggled to support her family on a weekly unemployment check of $260.




Bill Moyers, Matt Taibbi and Robert Kuttner discuss the financial collapse one year on, at Information Clearing House:

One year after the great collapse of our financial system, Wall Street is back on top while our politicians dither. As for health care reform, you’re about to be forced to buy insurance from companies whose stock is soaring, and that’s just dandy with the White House.

Truth is, our capitol’s being looted, republicans are acting like the town rowdies, the sheriff is firing blanks, and powerful Democrats in Congress are in cahoots with the gang that’s pulling the heist. This is not capitalism at work. It’s capital. Raw money, mounds of it, buying politicians and policy as if they were futures on the hog market.

Here to talk about all this are two journalists who don’t pull their punches. Robert Kuttner is an economist who helped create and now co-edits the progressive magazine THE AMERICAN PROSPECT, and the author of the book OBAMA’S CHALLENGE, among others…


There’s no one individual out there who been more on the ball about this financial “crisis” and the inherent/subsequent corruption than Matt Taibbi. I recommend reading all the work he’s done for…