Tag Archives: Matt Taibbi

Matt Taibbi – It Is Time To End TOO Big TO Fail – 6 April 2013 – 6 April 2013

Senator Bernie Sanders holds a news conference in Washington, DC. (photo: Chip Somodevilla/Getty Images)

It Is Time to End Too Big to Fail By Matt Taibbi, Rolling Stone 04 April 13

First, a quick housekeeping note: About a month ago, I got a call out of the blue from Vermont Senator Bernie Sanders, who’s one of my favorite people and something of a political hero of mine. Bernie helped me many years ago, back when he was still a congressman, by letting me tag along for weeks for a story about how the House works that ultimately was called “Four Amendments and a Funeral” – an experience that taught me an enormous amount about how our government operates, and also in a weird way left me less cynical, as it showed there were still plenty of avenues where a determined individual could work the system. Continue reading

Matt Taibbi – HSBC Gets Away With Laundring $800 million In Drug Money – How Did HSBC Execs Avoid Jail? – 14 December 2012

Uploaded on 13 December 2012 by democracynow DemocracyNow.org – The banking giant HSBC has escaped indictment for laundering billions of dollars for Mexican drug cartels and groups linked to al-Qaeda. Despite evidence of wrongdoing, the U.S. Department of Justice has allowed the bank to avoid prosecution and pay a $1.9 billion fine. No top HSBC officials will face charges, either. We’re joined by Rolling Stone Contributing Editor Matt Taibbi, author of “Griftopia: A Story of Bankers, Politicians, and the Most Audacious Power Grab in American History.” “You can do real time in jail in America for all kinds of ridiculous offenses,” Taibbi says. “Here we have a bank that laundered $800 million dollars of drug money and they can’t find a way to put anybody in jail for that? That sends an incredible message, not just to the financial sector, but to everybody. It’s an obvious, clear double standard where one set of people gets to break the rules as much as they want and another set of people can’t break any rules at all without going to jail.” (Thanks Gillian from Shiftfrequency.com)

Matt Taibbi – Another Bailed-Out Bank Accused Of Fraud – 11 October 2012

OPINION ~ Earlier this year, Charlie Munger, who is billionaire Warren Buffet’s right hand at Berkshire Hathaway and a sort of self-proclaimed mad oracle of Wall Street, made some interesting comments. He bashed people who buy gold, delivering an all-time amazing quote:

Gold is a great thing to sew onto your garments if you’re a Jewish family in Vienna in 1939 but civilized people don’t buy gold – they invest in productive businesses. Continue reading

Matt Taibbi – AG Eric Holder Has No Balls – 16 August 2012

OPINION ~ I’ve been on deadline in the past week or so, so I haven’t had a chance to weigh in on Eric Holder’s predictable decision to not pursue criminal charges against Goldman Sachs for any of the activities in the report prepared by Senators Carl Levin and Tom Coburn two years ago.

Last year I spent a lot of time and energy jabbering and gesticulating in public about what seemed to me the most obviously prosecutable offenses detailed in the report – the seemingly blatant perjury before congress of Lloyd Blankfein and other Goldman executives, and the almost comically long list of frauds committed by the company in its desperate effort to unload its crappy “cats and dogs” mortgage-backed inventory. Continue reading

RSN – Matt Taibbi – Ludicrous Times Op-Ed Forgets Entire Year of Wall Street History – 3 August 2012

OPINION ~ It was riotous, side-splitting comedy last week when Sanford Weill, the onetime head of Citibank, went on CNBC to announce that he thought it was time to break up the big banks. Continue reading

Common Dreams – Matt Taibbi – From An Unlikely Source, A Serious Challenge To Wall Street – 21 July 2012

Something very interesting is happening.

There’s been so much corruption on Wall Street in recent years, and the federal government has appeared to be so deeply complicit in many of the problems, that many people have experienced something very like despair over the question of what to do about it all. Continue reading

OpEdNews – Scott Baker – The Great Unraveling Continues – 6 July 2012

TPP — Terrible Policy for the People

The Trans-Pacific Partnership aims to make whole countries into consumers, not just their citizens.   This is a critical difference, in that it makes countries subject to a new tribunal, independent of national judicial systems.   Says Common Dreams: Continue reading

Current – LIBOR Explained And It’s Implications – It’s Over For The Banking Cabal – 6 July 2012

Uploaded on 4 July 2012 by . Continue reading

Matt Taibbi – The The Rolling Stone – Scam Wallstreet Learned From The Mafia – 22 June 2012

Someday, it will go down in history as the first trial of the modern American mafia. Of course, you won’t hear the recent financial corruption case, United States of America v. Carollo, Goldberg and Grimm, called anything like that. If you heard about it at all, you’re probably either in the municipal bond business or married to an antitrust lawyer. Even then, all you probably heard was that a threesome of bit players on Wall Street got convicted of obscure antitrust violations in one of the most inscrutable, jargon-packed legal snoozefests since the government’s massive case against Microsoft in the Nineties – not exactly the thrilling courtroom drama offered by the famed trials of old-school mobsters like Al Capone or Anthony “Tony Ducks” Corallo. Continue reading

Matt Taibbi – Senators Grovel, Embarrass Themselves At Dimon Hearing – 16 June 2012

I was unable to watch J.P. Morgan Chase CEO Jamie Dimon’s Senate testimony live the other day, so I had to get up yesterday morning and check it out on the Banking Committee’s web site. I had an inkling, from the generally slavish news reports about the hearing that started to come out Wednesday night, that it would be a hard thing to watch. Continue reading