Showing posts with label Matt Taibbi. Show all posts
Showing posts with label Matt Taibbi. Show all posts
Friday, April 18, 2014
Friday, June 21, 2013
Matt Taibbi Reveals Financial Crisis Smoking Gun
Visit NBCNews.com for breaking news, world news, and news about the economy
Tuesday, January 8, 2013
Secrets and Lies of the Bailout | Common Dreams
Secrets and Lies of the Bailout | Common Dreams
"It was all a lie – one of the biggest and most elaborate falsehoods ever sold to the American people. We were told that the taxpayer was stepping in – only temporarily, mind you – to prop up the economy and save the world from financial catastrophe. What we actually ended up doing was the exact opposite: committing American taxpayers to permanent, blind support of an ungovernable, unregulatable, hyperconcentrated new financial system that exacerbates the greed and inequality that caused the crash, and forces Wall Street banks like Goldman Sachs and Citigroup to increase risk rather than reduce it. The result is one of those deals where one wrong decision early on blossoms into a lush nightmare of unintended consequences. We thought we were just letting a friend crash at the house for a few days; we ended up with a family of hillbillies who moved in forever, sleeping nine to a bed and building a meth lab on the front lawn."
"It was all a lie – one of the biggest and most elaborate falsehoods ever sold to the American people. We were told that the taxpayer was stepping in – only temporarily, mind you – to prop up the economy and save the world from financial catastrophe. What we actually ended up doing was the exact opposite: committing American taxpayers to permanent, blind support of an ungovernable, unregulatable, hyperconcentrated new financial system that exacerbates the greed and inequality that caused the crash, and forces Wall Street banks like Goldman Sachs and Citigroup to increase risk rather than reduce it. The result is one of those deals where one wrong decision early on blossoms into a lush nightmare of unintended consequences. We thought we were just letting a friend crash at the house for a few days; we ended up with a family of hillbillies who moved in forever, sleeping nine to a bed and building a meth lab on the front lawn."
Friday, December 28, 2012
Thursday, December 27, 2012
Matt Taibbi on the Biggest Wall Street Scandal of 2012 | Alternet
Matt Taibbi on the Biggest Wall Street Scandal of 2012 | Alternet
"16 biggest banks in the world fixing global interest rates -- that's hard to beat."
"16 biggest banks in the world fixing global interest rates -- that's hard to beat."
Sunday, October 21, 2012
Wednesday, September 12, 2012
What the Bain way would mean for America
Lawrence O'Donnell talks with Matt Taibbi of Rolling Stone, about his article that examines how Mitt Romney and Bain Capital really operated, and how those business practices destroyed jobs.
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