Matt Taibbi

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JPMorgan Report Brings Back Calls to Break Up Banks

'Epic breakdown' in oversight led to $6B loss

(Newser) - A Senate subcommittee report on JPMorgan Chase has slammed America's biggest financial institution so hard for trying to hide $6 billion in losses tied to the "London Whale" fiasco that business analysts are once again talking about the need to break up the biggest banks, reports Bloomberg . JPMorgan... More »

Romney or Obama, This Election's Outcome 'Sucks'

Matt Taibbi wants everyone to chill out and admit the world won't end

(Newser) - Pretty much everyone is glad that "after eighteen months of relentless, ear-splitting propaganda," in which horse race-obsessed pundits spent "day after day swinging the heavy horseshit-hammer of Thor, braining us with one meaningless made-up controversy after another," that this election is about to be over, Matt... More »

Romney's Campaign a Lie of 'Historic Dimensions'

Mitt Romney rails against debt, but he got rich by creating it, Matt Taibbi argues

(Newser) - Mitt Romney's entire campaign is built around debt—he once described the nation's debt as a "prairie fire" getting "closer to the homes and children we love." Which makes the whole affair "a shimmering pearl of perfect political hypocrisy," writes Matt Taibbi for... More »

Obama Just Legalized Fraud

Matt Taibbi on why the JOBS Act 'couldn't suck worse'

(Newser) - Did you enjoy the dot-com bubble? Well, expect a replay on an even bigger scale, because last week President Obama signed a bill that, according to Matt Taibbi of Rolling Stone , "will very nearly legalize fraud in the stock market." The JOBS Act is ostensibly designed to make... More »

Bank of America Is a Crime Syndicate

Matt Taibbi: It's 'ripping off virtually everyone'

(Newser) - Matt Taibbi gives Bank of America the " vampires squid " treatment today, savaging "the ultimate Too Big to Fail bank" as "a hypergluttonous ward of the state whose limitless criminal conspiracies we'll all be paying for until the end of time," in a lengthy Rolling ... More »

Hey, Wall Street: Shut Up About Bonuses

Matt Taibbi says bankers are still overpaid

(Newser) - Matt Taibbi was incredulous when he read a recent New York piece in which Wall Street denizens whined that Dodd-Frank was limiting their bonuses. "I watch what I spend," one banker lamented, "but my girlfriend likes to eat good food," which adds up fast. "Quelle ... More »

Bloomberg Has 'Marie Antoinette Moment' on OWS

Mayor reveals 'arrogant aristocrat' nature with comments: Matt Taibbi

(Newser) - Mayor Michael Bloomberg's rant against Occupy Wall Street protesters was his "Marie Antoinette moment"—like the famous "let them eat cake," it is the kind of comment that "allows us to see under his would-be hip centrist Halloween mask and look closely at the... More »

Occupy Wall Street Isn't the Same Old Left vs. Right

Matt Taibbi thinks the media's missing how big this movement could be

(Newser) - Now that Occupy Wall Street has picked up steam, brace yourself for a “fusillade of attempts” to “force these demonstrations into the liberal-conservative blue-red narrative,” writes Matt Taibbi of Rolling Stone . Already Democrats are claiming credit for the movements, and Republicans are vilifying it. It’s a... More »

Laughing at Bachmann Only Makes Her Stronger

People aren't voting for Bachmann, they're 'voting against us'

(Newser) - "Michele Bachmann has found the flaw in the American Death Star," Matt Taibbi writes in a long and (typically) profane profile of the Tea Party queen for Rolling Stone . "She is a television camera's dream, a threat to do or say something insane at any time,... More »

Reporter-on-Reporter Violence: Coffee-Hurling

Matt Taibbi not one to take criticism lightly, fellow scribe reveals

(Newser) - Star reporter Matt Taibbi apparently has a thin skin. In a new Vanity Fair piece, James Verini sets out to tell the story of The Exile, the irreverent Russian magazine the Rolling Stone and True/Slant writer helped start. The Russian government shut the publication down in 2008—though founder Mark... More »

Palin: Our First WWE Politician

Pick an asshole, any asshole, and she'll rock the house

(Newser) - Sarah Palin is America’s “first WWE politician,” barren of actual political ideas but on a crusade against “assholes,” Matt Taibbi writes. The governor-turned-author is “a cartoon combatant who inspires stadiums full of frustrated middle American followers who will cheer for her against whichever villain... More »

Obama's a Fraud; Elect the TARP Queen

Time to face it, Obama's not delivering

(Newser) - Almost a year into his presidency, Barack Obama appears to suck. He hasn’t closed Guantanamo Bay, health care reform is a debacle, and worst of all, he’s “completely whiffed” on fixing Wall Street, “siding with the financial status quo, who happen to be the bad guys,... More »

Goldman Nemesis Says Bank Misleading Lawmakers

(Newser) - Matt Taibbi, who portrayed Goldman Sachs as evil personified in a much-discussed Rolling Stone article over the summer, has the bank in his sights again. In his blog on True/Slant, Taibbi accuses Goldman of misleading and purposely confusing lawmakers about the practice known as naked short selling as new financial... More »

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