For Halloween I’m reminded of a book reading I attended in San Francisco where I asked Matt Taibbi what companies like Goldman Sachs were afraid of. His answer was, “Not journalists!” then he laughed. Next he said, “They are worried about a few left over SEC regulations that they haven’t bought off yet.”
|By: Kit OConnell Wednesday April 16, 2014 4:37 pm|
Censored for years, the Smothers Brothers kept on satirizing. In the end their uncompromising political message drove them off the air, with CBS firing the duo and the rest of their comedy ensemble under pressure from the White House. Though the Brothers and the ACLU fought a successful legal battle in response, their careers were effectively over. A documentary, Smothered, tells the whole story — but only clips seem to be available online.
|By: Kevin Gosztola Sunday December 16, 2012 12:55 pm|
This past week, the Justice Department announced that HSBC Bank had agreed to forfeit $1.256 billion and “enter a deferred prosecution agreement” for engaging in money laundering that involved the financing of drug cartels and groups with ties to terrorism. The agreement indicated there would be no criminal prosecution. Not one bank executive or lower-level banker would be put on trial and possibly sentenced to jail for his or her role in allowing money to be transferred to drug cartels or terrorists.
Meanwhile, that same day, Nima Ali Yusuf, 26, a Somali woman who fled war-torn Somalia when she was a child, was sentenced to eight years in prison for sending $1,450 to “members of a terrorist organization in her native country.”
|By: David Dayen Monday October 29, 2012 12:40 pm|
Taibbi is pretty polite about it, but Obama’s defense involves a lot of misdirection. It assumes that Lehman Brothers, by virtue of having failed, was the only financial institution out there responsible for the collapse, rather than an example of industry-wide behavior.
|By: Glenn W. Smith Sunday October 7, 2012 9:30 am|
It’s too easy to criticize the political press. So easy that when something goes wrong with one’s candidate or cause, it’s typically the press that gets the blame. Fish in a barrel, reporters are.
I don’t much like this game, in part because I used to cover politics for big-city newspapers. I know and admire many great political writers. I wish sometimes I were still part of the profession.
But Matt Taibbi’s take-down of the pundit response to the first presidential debate raises important questions.
|By: FeetToDaFire Sunday June 24, 2012 1:00 pm|
Bill Moyers interviews Matt Taibbi (RollingStone) and Yves Smith (NakedCapitalism). Matt and Yves are extremely bright and well informed regarding the financial sector. The two of them have obvious respect for each other and come at the banking industry from different perspectives but arrive at the same point.
|By: David Dayen Tuesday May 8, 2012 6:45 am|
David Dayen return from slumming in Yurp to bring us links on stories about Eric Schneiderman, David Viter, Federal Reserve, HAMP, Matt Taibbi, bin Laden, oil speculators, Spain, underwear bombs, labor participation rate, Ron Paul, Mitt Romney, Angus King and much more.
|By: David Dayen Monday April 9, 2012 2:45 pm|
Yale professor Robert Shiller delivered a profoundly odd op-ed this weekend arguing that Occupy Wall Street and promoters of “financial innovation” have the same goal in mind, to “democratize” Wall Street. Matt Taibbi is not one of those idealists. And he went off on the JOBS Act, which includes those crowdfunding provisions, presenting an overwhelming counterpoint to Shiller’s optimism and predicting JOBS will be haven for fraud.
|By: Cynthia Kouril Tuesday January 31, 2012 3:20 pm|
Any deal that immunizes robosigning sabotages everything because the robosigning is the smoking gun. No one resorts to creating fabricated documents unless they are desperate and know they have no other hope of winning. It’s the illegal strategy equivalent of a Hail Mary Pass after time has run out. Had the robosigning never been exposed, they might have gotten away with winning through perjury, so the idea of immunizing it is preposterous.