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.
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Maybe Matt the article’s author is his son How Wall Street insiders are using the bailout to stage a revolution. The only people who understood these CDSs and these derivative instruments was the people who were actually writing these contracts.
The Big Takeover by Matt Taibbi – Dandelion Salad
Please do your part. 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? Now, I share the anger and frustration of the American people, not just about the compensation practices at AIG and in other parts of our system, but that our financial system permitted a scale of risk taking that has caused grave damage to the lives of so many Americans.
This was absolute unity on the part of both parties.
So they had really very little expertise to deal with the situation. Is this about restoring Wall Street to the way it was? Some of bjg greatest literature and interviews could be found in Playboy Magazine. Bih friend was asking this question the other day.
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.
The fact that we had to resort to those measures is extraordinary in itself.
Happy New Year!
Non-commercial news needs your support. AIG was a company that had overemployees. Related Topics Guests Links Transcript. You turn to Democracy Now! Thank you so much. But did you know 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?
We now own controlling stakes taibbbi an enormous variety of companies, a dying insurance giant in AIG.
I should have been called “The Big Screw-Over” Federal Reserve Chair Ben Bernanke argued in his testimony, if the government had allowed AIG to fail, it would have jeopardized the entire financial system. And the Office of Thrift Supervision is by far the smallest and least aggressive of the regulators.
Sometimes what appears to be a conspiracy is actually more disturbing magt the possibility that the high and mighty don’t really understand what is going on. But if you look at it in purely Machiavellian terms, what you see is a colossal power math that threatens to takeoer 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.
WootAre we really looking to Rolling Stone for serious journalism? Start a new discussion. Mar 27, at 1: Maybe you come for our daily headlines, or for in-depth stories that expose government and corporate abuses of power. Copy may not be in its final form. I think the broader trend here is the end of the American Empire.
Maybe Matt the article’s author is his son. You compare this whole thing to a casino. You know that you biig count on Democracy Now! Tkaeover Full Show Next Story. I really can not take what Matt Taibbi writes too seriously. AIG and the Big Takeover: Mike Taibbi works for NBC. It would hardly be the first time in human history that the best and brightest were overtaken by events they couldn’t properly understand – World War I comes to mind.
What does that mean? And this is a tiny, tiny unit. Advertise Login Sign up.
“The Big Takeover,” by Matt Taibbi of Rolling Stone Magazine
One of the better reporters out there – certainly better than anyone in Time or Newseek. A March mart Disaster: Mar 23, at 6: Transcript This is a rush transcript. Matt Taibbi is contributing editor for Rolling Stone.
And, in fact, it only had one insurance expert on its entire staff. Conceivably, its failure could have resulted in a s-style global financial and economic meltdown with catastrophic implications for production, income and jobs.