The Big Takeover is an article by Matt Taibbi that appeared in Rolling Stone magazine. It is subtitled “The global economic crisis isn’t about. Taibbi is one of my favorite writers. His recent article on the financial collapse is a must read. His language is a bit salty, but I think the angst and. 15 Great Articles by Matt Taibbi – The Electric Typewriter – Great articles and The Big Takeover Is the SEC Covering Up Wall Street Crimes? by Matt Taibbi.

Author: Duramar Tesho
Country: Venezuela
Language: English (Spanish)
Genre: Marketing
Published (Last): 28 February 2014
Pages: 400
PDF File Size: 16.63 Mb
ePub File Size: 11.77 Mb
ISBN: 873-6-91236-499-3
Downloads: 11503
Price: Free* [*Free Regsitration Required]
Uploader: Vogami

Mike Taibbi works for NBC. Lay out the analogy for us. And, in fact, it only had one insurance expert on its entire staff. Geithner, who has come under fire for not doing enough to block the bonuses, said he shared their anger. Thank you so much.

Many view the massive losses at AIG as the result of corporate greed combined with lax government oversight and regulation. This is Treasury Secretary Geithner. Socializing the debt and privatizing the profit. We can basically do mat we want. A friend was asking this question the other day. Maybe Matt the article’s author is his son.

The only reason that Wall Street rallied yesterday was because this plan that Geithner administered is such an enormous giveaway to Wall Street. Two world wars destroyed British power.

15 Great Articles by Matt Taibbi – The Electric Typewriter

Mar 23, at 3: The Obama administration and the Federal Reserve urged Congress yesterday to give the federal government unprecedented new powers to seize control of troubled financial firms beyond banks deemed too big to fail. We produce our daily news hour at a fraction of the budget of a commercial news operation, all without ads, government funding or corporate underwriting?


One of the better reporters out there – certainly better than anyone in Time or Newseek. This was absolute unity on the part of both parties. Info – Website – Contact. What do you mean, they made this bet?

“The Big Takeover”-Matt Taibbi in Rolling Stone on the financial meltdown

Maybe you come for our daily headlines. Is Rolling Stone still in print? You compare this whole thing to a casino. Please bkg legal copies of this work to democracynow. It wasn’t all boobs and centerfolds, just like Rolling Stone isn’t all stoned rockers and rages against the machine. In recent history empires seemed to reach a peak and then continue takeovet, partly from inertia and partly because nobody can figure out how to fill the void left by a weakening empire.

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.

Some of the greatest literature and interviews could be found in Playboy Magazine. The biggest movement in that front was the Gramm-Leach-Bliley Act ofwhich repealed the Depression-era law called the Glass-Steagall Act, and that allowed all of these companies to merge together and create these enormous mega-companies, like Citi, like Bank of America and like AIGwhich was once basically an insurance company but evolved to become, you know, a very complicated hedge fund, an investment bank and a variety of other things.

  892-1 CC-C PDF

Matt Taibbi is contributing editor for Rolling Stone. How did this big takeover happen? Maybe you come for our daily headlines, or for in-depth stories that expose government and takrover abuses of power.

What does that mean?

You know that you can count on Democracy Now! It was Hank Paulson, who was the former head of Goldman Sachs.

Recent Maatt A Disaster for Brazil: Trio Umami Jan 13, at 3: And they had to do that, because they were afraid that they were going to be regulated by, you know, state gaming agencies. The New York Times reports if Congress approves such a measure, it would represent one of the biggest permanent expansions of federal regulatory power in decades.

Please do your part today.

You turn to Democracy Now! How Wall Street insiders are using the bailout to stage a revolution. Matt Taibbi, who won? Story Sep 18, And, in fact, he kept earning that salary, even after AIG was bailed out, for at least another month.

Yes, serious journalism can be found in Rolling Stone. So they had really very little expertise to deal with the situation.

I was going to post this article Well, I think, you know, everybody loses in the financial crisis, and this is obviously an enormous downfall for everybody financially. All they had to do is open up a thrift in one state. Mar 23, at 5: