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Keyword: matttaibbi

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  • The Vice Presidential Debate: Joe Biden Was Right to Laugh

    10/12/2012 5:16:37 PM PDT · by EveningStar · 70 replies
    The Rolling Stone ^ | October 12, 2012 | Matt Taibbi
    I've never thought much of Joe Biden. But man, did he get it right in last night's debate, and not just because he walloped sniveling little Paul Ryan on the facts. What he got absolutely right, despite what you might read this morning (many outlets are criticizing Biden's dramatic excesses), was his tone. Biden did absolutely roll his eyes, snort, laugh derisively and throw his hands up in the air whenever Ryan trotted out his little beady-eyed BS-isms. But he should have! He was absolutely right to be doing it. We all should be doing it. That includes all of...
  • Greed, debt and Matt Taibbi: What Rolling Stone got right, and wrong, about Bain Capital

    09/09/2012 3:05:02 PM PDT · by mojito · 2 replies
    CNN/Fortune ^ | 9/4/2012 | Dan Primack
    Very few of my friends understand private equity, let alone care about it. But some of them wrote me this past weekend, after reading Matt Taibbi's new cover story for Rolling Stone about Mitt Romney's time with Bain Capital. [....] Taibbi took out the long knives for this one, which means he sacrificed a bit of accuracy for potency. His overall thesis is correct: There is a fundamental hypocrisy in a former leveraged buyout investor railing against America's ballooning debt. Leveraged buyouts, by definition, add debt to a company's balance sheet -- weighing it down in the short-term so that...
  • 'Naked Short Selling'

    05/17/2012 7:00:16 AM PDT · by The Working Man · 55 replies
    Investor Village ^ | 16 May 12 | Matt Taibbi
    <p>It doesn’t happen often, but sometimes God smiles on us. Last week, he smiled on investigative reporters everywhere, when the lawyers for Goldman, Sachs slipped on one whopper of a legal banana peel, inadvertently delivering some of the bank’s darker secrets into the hands of the public.</p>
  • How Wall Street Killed Financial Reform (...with a big assist from Congress and the White House)

    05/14/2012 5:11:56 AM PDT · by Wolfie · 14 replies
    Rolling Stone ^ | May 12, 2012 | Matt Taibbi
    How Wall Street Killed Financial Reform It's bad enough that the banks strangled the Dodd-Frank law. Even worse is the way they did it - with a big assist from Congress and the White House. Two years ago, when he signed the Dodd-Frank Wall Street Reform and Consumer Protection Act, President Barack Obama bragged that he'd dealt a crushing blow to the extravagant financial corruption that had caused the global economic crash in 2008. "These reforms represent the strongest consumer financial protections in history," the president told an adoring crowd in downtown D.C. on July 21st, 2010. "In history." This...
  • Is the SEC Covering Up Wall Street Crimes?

    08/17/2011 10:56:24 AM PDT · by Palter · 13 replies
    Rolling Stone ^ | 17 Aug 2011 | Matt Taibbi
    A whistleblower claims that over the past two decades, the agency has destroyed records of thousands of investigations, whitewashing the files of some of the nation's worst financial criminals. Imagine a world in which a man who is repeatedly investigated for a string of serious crimes, but never prosecuted, has his slate wiped clean every time the cops fail to make a case. No more Lifetime channel specials where the murderer is unveiled after police stumble upon past intrigues in some old file – "Hey, chief, didja know this guy had two wives die falling down the stairs?" No more...
  • Rolling Stone's Taibbi: Michele Bachmann Is 'Bats--t Crazy' 'Psychopath' With ...

    06/23/2011 8:56:27 AM PDT · by markomalley · 45 replies
    Newsbusters ^ | 6/23/11 | Noel Sheppard
    If you know anything about Rolling Stone's Matt Taibbi it's that he totally despises conservatives.In the soon-to-be-released issue of the magazine that actually employs him, Taibbi relentlessly attacked Republican presidential candidate Michele Bachmann as a "bats--t crazy" "political psychopath" with a "gigantic set of burnished titanium Terminator-testicles swinging under her skirt" (illustration by Victor Juhasz): Close your eyes, take a deep breath, and, as you consider the career and future presidential prospects of an incredible American phenomenon named Michele Bachmann, do one more thing. Don't laugh. So began "Michele Bachmann's Holy War," Taibbi's 5,200-word hit piece on Bachmann.And that was...
  • Goldman Plunges, As Market Cap Shrinks By $8.3 Billion Just Since The Matt Taibbi Takedown

    05/21/2011 6:32:04 PM PDT · by SeekAndFind · 22 replies
    Business Insider ^ | 05/21/2011 | Joe Weisenthal
    If you haven't been paying attention, Goldman Sachs shares have been in freefall. They lost over 3% Friday amid a slew of headlines about imminent subpoenas related to Blankfein, the firm's activities during the crisis, and just generally for being the much-reviled Goldman Sachs. The stock has lost over 10% in just the last week since Matt Taibbi wrote his latest takedown, costing the firm over $8 billion in market cap. From its 52-week high made earlier this year, the stock is off 24%. At $134, it's only barely above its $129 book value, meaning that either A) people don't...
  • The People vs. Goldman Sachs... the Justice Department should bring criminal charges

    05/12/2011 2:08:24 PM PDT · by dead · 21 replies
    Rolling Stone ^ | 5/11/11 | Matt Taibbi
    They weren't murderers or anything; they had merely stolen more money than most people can rationally conceive of, from their own customers, in a few blinks of an eye. But then they went one step further. They came to Washington, took an oath before Congress, and lied about it. Thanks to an extraordinary investigative effort by a Senate subcommittee that unilaterally decided to take up the burden the criminal justice system has repeatedly refused to shoulder, we now know exactly what Goldman Sachs executives like Lloyd Blankfein and Daniel Sparks lied about. We know exactly how they and other top...
  • Why Sarah Palin Will Win the Republican Presidential Nomination in 2012

    01/07/2011 1:22:33 AM PST · by 2ndDivisionVet · 63 replies
    Big Think ^ | January 7, 2011 | Matt Taibbi
    “She is a gifted politician, just in terms of getting people to connect with her on an emotional level in person,” says Taibbi. “It’s something that if you’re an experienced campaign journalist you can just see.” Question: Will Sarah Palin run for President in 2012? Matt Taibbi: Absolutely she is going to run for president in 2012 and... I don’t think she is going to win, but I think she is a very good bet to win the nomination. I think what we saw in the last election was the Tea Party is now in this kingmaking role and the...
  • How corporate interests and Republican insiders built the Tea Party monster (major puke alert)

    10/13/2010 12:14:36 PM PDT · by Beave Meister · 54 replies
    Rolling Stone ^ | Matt Taibbi
    It's taken three trips to Kentucky, but I'm finally getting my Tea Party epiphany exactly where you'd expect: at a Sarah Palin rally. The red-hot mama of American exceptionalism has flown in to speak at something called the National Quartet Convention in Louisville, a gospel-music hoedown in a giant convention center filled with thousands of elderly white Southerners. Palin — who earlier this morning held a closed-door fundraiser for Rand Paul, the Tea Party champion running for the U.S. Senate — is railing against a GOP establishment that has just seen Tea Partiers oust entrenched Republican hacks in Delaware and...
  • Taibbi Journalism Tip: Describe Senator as 'Elderly Sumo Wrestler in Drag' to Interest Readers

    05/27/2010 2:59:57 PM PDT · by Rufus2007 · 4 replies · 248+ views
    Newsbusters ^ | May 27, 2010 | Jeff Poor
    Most probably wouldn't think of Rolling Stone magazine as a primary source for information on something like financial regulation reform. However, if you listen to some of the left-wing talking heads like Ezra Klein, Rolling Stone's Matt Taibbi is in the know on major policy issues. So how do Taibbi and the other folks at Rolling Stone keep their readers interested in a topic that wouldn't suit their usual demographic? They do so with "insults" according to Taibbi. In the May 26 issue of Rolling Stone, Taibbi's article, "Wall Street War," lamented the impact lobbyists in Washington, D.C. have had...
  • The Great American Bubble Machine how Goldman Sachs has engineered every major market manipulation

    02/14/2010 10:33:01 AM PST · by gibtx2 · 24 replies · 864+ views
    Rolling Stone Magazine ^ | Jul 02, 2009 8:38 AM | MATT TAIBBI
    'The formula is relatively simple: Goldman positions itself in the middle of a speculative bubble, selling investments they know are crap. Then they hoover up vast sums from the middle and lower floors of society with the aid of a crippled and corrupt state that allows it to rewrite the rules in exchange for the relative pennies the bank throws at political patronage. Finally, when it all goes bust, leaving millions of ordinary citizens broke and starving, they begin the entire process over again, riding in to rescue us all by lending us back our own money at interest, selling...
  • Rolling Stone: Waah, Obama sold us out

    12/12/2009 8:26:04 PM PST · by dano1 · 42 replies · 2,619+ views
    Don Surber - Daily Mail Blogs ^ | December 10, 2009 | Don Surber
    There comes a moment in politics when the blinders fall off the supporters of the other guy and they discover what you have known all along: He’s a fraud. The blinders just fell off Matt Taibbi, a writer for Rolling Stone magazine. He just now noticed that while 26% of the money Barack Obama raised came from “small” donors, nearly 3 times as much came from big donors, who ponied up a half billion bucks. Where the 26% saw Hope and Change, the 74% saw Invest and Collect. Wrote Taibbi: “What’s taken place in the year since Obama won the...
  • Obama's Big Wall Street Sellout

    12/10/2009 10:39:56 AM PST · by Wolfie · 49 replies · 1,615+ views
    Rolling Stone ^ | Dec. 10, 2009
    Obama's Big Wall Street Sellout The president has packed his economic team with Wall Street insiders intent on turning the bailout into an all-out giveaway Barack Obama ran for president as a man of the people, standing up to Wall Street as the global economy melted down in that fateful fall of 2008. He pushed a tax plan to soak the rich, ripped NAFTA for hurting the middle class and tore into John McCain for supporting a bankruptcy bill that sided with wealthy bankers "at the expense of hardworking Americans." Obama may not have run to the left of Samuel...
  • Did Galleon Pay Goldman Sachs and Morgan Stanley for Front Running Info?

    10/29/2009 8:12:19 AM PDT · by FromLori · 3 replies · 409+ views
    Economic Policy Journal ^ | 10/29/09 | Robert Wenzel
    Sounds like it to me. Interesting info out of FT: The Galleon hedge fund at the centre of an insider trading scandal paid hundreds of millions of dollars a year to its Wall Street banks and in return regularly received market information that would not have been disclosed to most investors, executives familiar with the matter say. A person familiar with Galleon, whose founder, Raj Rajaratnam, was charged with insider trading this month, said it paid about $250m to its banks last year. Executives who dealt with the fund said it paid more in fees and other charges during the...
  • Geithner Tells Goldman To Cut Bonuses, Says All Banks Would Have Failed

    12/04/2009 3:43:47 PM PST · by FromLori · 10 replies · 668+ views
    Zero Hedge ^ | 12/4/09 | Tyler Durden
    Even Timmy is slowly realizing that the Administration will need to find a way to deflect Main Steet's anger at Goldman and keep it focused exclusively on Wall Street instead of equating it with Obama et al. The problem is - you make some very serious, tentacled enemies in the process. Geithner also flip flops on his prior position on the transaction tax. While before he was more opposed to the transaction tax than even Marla, his new "windsocked" position on the topic may now provide a challenge even to Nitric Oxide inhibitors. But here is the clincher for the...
  • China denounces U.S. banks for 'evil intent' with derivatives

    12/03/2009 3:05:12 PM PST · by FromLori · 12 replies · 631+ views
    GATA ^ | 12/3/09
    A senior Chinese official who oversees the country's largest state-owned enterprises has publicly slammed Western investment banks for "maliciously" peddling complicated derivative products that caused huge losses for Chinese companies over the last year. In Beijing's strongest criticism on the matter to date, Li Wei, vice director of the state-owned Assets Supervision and Administration Commission, singled out Goldman Sachs, Morgan Stanley, Merrill Lynch, and Citigroup in a long and highly critical article in the latest issue of an official Communist party newspaper. The large losses suffered by Chinese state companies were "closely associated with the intentionally complex and highly leveraged...
  • Lucid reply to Potty Mouth Taibbi's spittle-flecked article titled, "Sarah Palin, WWE Star"

    11/22/2009 2:36:24 PM PST · by LA Conservative · 10 replies · 918+ views
    True/Slant/com ^ | Nov. 22, 2009 | Jon Meachem
    "Interesting piece. First, I want to congratulate you. You’re the first liberal media member I’ve seen who has actually acknowledged that a group of Obama supporters did in fact wear t shirts calling a woman a c*nt, in public and in front of her daughter no less. Now, does the fate of the Republic hand on such issues? No. Still, it was interesting to see the media pretend it never happened, straight out of some Ministry of Truth from Oceania. Somehow, if a group of McCain supporters had worn a t shirt to an Obama event calling him a n—-r,...
  • Goldman Sachs Arms Itself

    12/01/2009 2:18:30 AM PST · by The Magical Mischief Tour · 34 replies · 1,666+ views
    Trueslant.com ^ | 12/01/2009 | Trueslant.com
    “I just wrote my first reference for a gun permit,” said a friend, who told me of swearing to the good character of a Goldman Sachs Group Inc. banker who applied to the local police for a permit to buy a pistol. The banker had told this friend of mine that senior Goldman people have loaded up on firearms and are now equipped to defend themselves if there is a populist uprising against the bank...
  • Goldman Arming Itself? :->

    12/01/2009 8:05:57 AM PST · by DuncanWaring · 126 replies · 3,017+ views
    Market Ticker ^ | 1 Dec 2009 | Karl Denninger
    Goldman Arming Itself? :-> This is a riot (well, ok, I might be a week - or a month early on that): Dec. 1 (Bloomberg) -- “I just wrote my first reference for a gun permit,” said a friend, who told me of swearing to the good character of a Goldman Sachs Group Inc. banker who applied to the local police for a permit to buy a pistol. The banker had told this friend of mine that senior Goldman people have loaded up on firearms and are now equipped to defend themselves if there is a populist uprising against the...
  • Rolling Stone's Taibbi: Public Executions for Party Crashers; NYT’s Rich: They Are Party Terrorists

    11/30/2009 10:51:50 PM PST · by Rufus2007 · 11 replies · 768+ views
    Newsbusters ^ | December 1, 2009 | Jeff Poor
    Has the left finally a reason to be impassioned by a threat to our national security? Michaele and Tareq Salahi seem to have provided that reason. After the Salahis literally crashed a White House State Dinner on Nov. 24, the two demonstrated how vulnerable President Barack Obama could be to outside intruders. And justifiably, it has not only caused some concern with members of Congress, but some of the more outspoken members in the media. On the Fox Business Channel's Nov. 30 "Imus in the Morning" program, host Don Imus conveyed this concern, suggesting it exposed potential weaknesses in the...
  • The Great American Bubble Machine (Goldman Sachs)

    07/18/2009 2:03:02 AM PDT · by Nipfan · 14 replies · 1,046+ views
    Rolling Stone ^ | July 13, 2009 | MATT TAIBBI
    The first thing you need to know about Goldman Sachs is that it's everywhere. The world's most powerful investment bank is a great vampire squid wrapped around the face of humanity, relentlessly jamming its blood funnel into anything that smells like money. In fact, the history of the recent financial crisis, which doubles as a history of the rapid decline and fall of the suddenly swindled dry American empire, reads like a Who's Who of Goldman Sachs graduates.
  • The Great American Bubble Machine (cap and trade and Goldman Sachs)

    07/09/2009 12:41:37 PM PDT · by Zathras · 23 replies · 979+ views
    Rollingstone.com ^ | July 2, 2009 | Matt Taibbi
    In Rolling Stone Issue 1082-83, Matt Taibbi takes on "the Wall Street Bubble Mafia" --investment bank Goldman Sachs. The piece has generated controversy, with Goldman Sachs firing back that Taibbi's piece is "an hysterical compilation of conspiracy theories" and a spokesman adding, "We reject the assertion that we are inflators of bubbles and profiteers in busts, and we are painfully conscious of the importance in being a force for good. " Taibbi shot back: "Goldman has its alumni pushing its views from the pulpit of the U.S. Treasury, the NYSE, the World Bank, and numerous other important posts; it also...
  • The Great American Financial Bubble Machine (Goldman Sach stealing from you)

    07/05/2009 6:47:07 PM PDT · by CHICAGOFARMER · 19 replies · 1,517+ views
    Rolling Stones ^ | July 2 , 2009 | Matt Taibbi
    If you haven't read Matt Taibbi's recent Rolling Stone piece on Goldman Sachs, make sure to get your hands on it ASAP. It's a must read on how Goldman Sachs and the U.S. government work hand in glove to produce giant investment bubbles... bubbles that allow Goldman to work over investors for hundreds of billions of dollars. We don't think you can lay all the blame for the housing bubble and the tech bubble at Goldman's feet... but we do find it suspicious that a ton of high level government posts are staffed by Goldman employees. It's close to a...
  • The Great American Bubble Machine

    06/26/2009 8:44:09 AM PDT · by fightinbluhen51 · 50 replies · 2,360+ views
    Rolling Stone Magazine ^ | June 9th, 2009 | Matt Taibbi
    From tech stocks to high gas prices, Goldman Sachs has engineered every major market manipulation since the Great Depression -- and they're about to do it again -~&~- The FIRST THING YOU NEED TO KNOW about Goldman Sachs is that it's everywhere. The world's most powerful investment bank is a great vampire squid wrapped around the face of humanity, relentlessly jamming its blood funnel into anything that smells like money. In fact, the history of the recent financial crisis, which doubles as a history of the rapid decline and fall of the suddenly swindled-dry American empire, reads like a Who's...
  • RS: Bush Like Me - Ten weeks undercover in the grass roots of the Republican Party

    10/13/2004 11:34:04 AM PDT · by weegee · 103 replies · 5,703+ views
    Rolling Stone ^ | (Posted Oct 06, 2004) | By MATT TAIBBI
    I never felt any longing to go to Orlando, Florida. What I felt, in traveling south to volunteer for the campaign of George W. Bush, was an obligation. Let me explain by first saying something about the critics of our president. A great many of them like to laugh at George Bush for not reading books and for being uninterested in visiting other countries. But a lot of those same people are guilty of the opposite offense. They prefer to read books and travel abroad rather than actually getting to know their own country face to face. These critics do...
  • Onward (un)Christian Soldiers (Smug Atheist Barf Alert)

    12/24/2003 7:26:33 PM PST · by Carthago delenda est · 29 replies · 264+ views
    New York Press ^ | Matt Taibbi
    I am making this appeal to New York City, because this is the only place in America where such an appeal can still be made. I just saw Billy Graham’s Qualcomm Stadium telecast on ABC, and I believe that there are legitimate grounds for the godless among us to demand equal time according to Section 315 of the 1934 Communications Act. Non-believers in America are far too polite, which will prove to be their undoing. There is a reason why the life of a typical atheist family resembles the Marshall-Will-and-Holly model from Land of the Lost. They live in caves,...