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Vampire Squid

The Vampire Squid Strikes Again: The Mega Banks' Most Devious Scam Yet. "Banks are no longer just financing heavy industry. They are actually buying it up and inventing bigger, bolder and scarier scams than ever." This is the latest and last article for Rolling Stone by Matt Taibbi, who is moving on to join First Look Media.
posted by homunculus on Feb 21, 2014 - 56 comments

The third act in the triple-fucking of ordinary people by Wall Street

Looting the Pension Funds: All across America, Wall Street is grabbing money meant for public workers. By Matt Taibbi. [more inside]
posted by homunculus on Sep 26, 2013 - 46 comments

Eat the meat you are Fed: It's good, we guarantee it!

The last mystery of the financial crisis. It's long been suspected that ratings agencies like Moody's and Standard & Poor's helped trigger the meltdown. A new trove of embarrassing documents shows how they did it. by Matt Taibbi in Rolling Stone.
posted by lalochezia on Jun 19, 2013 - 34 comments

"Would you rather fight 100 duck-sized horses or 1 horse-sized duck?"

r/IAmA (previously) has been gaining in popularity since Barack Obama stopped by to answer questions last August. Yesterday Bill Gates showed up to talk about his charity work and his global concerns; earlier in the week, journalist Matt Taibbi explained why breaking up the banks should be the Holy Grail for activists, and The Pirate Bay's co-founder Peter Sunde talked about why he hopes TPB dies soon. Dan Rather fielded questions via video recordings, while Arnold Schwarzenegger preferred to write his answers down (warning: kind of illegible). In the last month alone, three members of the House of Representatives showed up – Jim McGovern (MA), Jared Polis (CO), and Zoe Lofgren (CA). Meanwhile, actor Dante Basco admitted he had a crush on Emmy Rossum while she was doing a simultaneous AMA; needless to say, Redditors mentioned it to her, resulting in an adorably awkward exchange between the two.
posted by Rory Marinich on Feb 12, 2013 - 66 comments

Secret and Lies of the Bailout

Secret and Lies of the Bailout. "The federal rescue of Wall Street didn’t fix the economy – it created a permanent bailout state based on a Ponzi-like confidence scheme. And the worst may be yet to come." [Via]
posted by homunculus on Jan 7, 2013 - 77 comments

Too weird to live, too rare to die

"2. Airman Thompson possesses outstanding talent in writing. He has imagination, good use of English, and can express his thoughts in a manner that makes interesting reading 3. However, in spite of frequent counseling with explanation of the reasons for the conservative policy on an AF base newspaper, Airman Thompson has consistently written controversial material and leans so strongly to critical editorializing that it was necessary to require that all his writing be thoroughly edited before release." - A memo regarding Airman Second-Class Hunter S. Thompson's reporting for the base newspaper. [more inside]
posted by the man of twists and turns on Oct 13, 2012 - 27 comments

"It is unlikely, I think, that this will generate a lot of media publicity," [Judge] Baer sighed to the jury in his preliminary instructions.

The Scam Wall Street Learned from the Mafia is Matt Taibbi's take on the recent convictions in the municipal bond bid-rigging case of United States v. Dominick P. Carollo, Steven E. Goldberg, and Peter S. Grimm. These three fraudsters are among the fifteen convicted so far with regard to the federal government's investigation into nationwide municipal bond bid-rigging schemes. [more inside]
posted by Sticherbeast on Jun 22, 2012 - 45 comments

Buy more oregano

The Rolling Stone's Matt Taibbi uses a paper bag to illustrate exactly how the sub-prime mortgage scam worked, and how we're still on the hook for the next catastrophe. [more inside]
posted by clarknova on Mar 3, 2012 - 56 comments

How I stopped worrying and learned to love the OWS protests

How I stopped worrying and learned to love the OWS protests
posted by garlic on Nov 13, 2011 - 150 comments

When you ask what Perry's true nature is – the first and principal thing that defines him – there's just one answer: favors.

The Best Little Whore in Texas Matt Taibbi on Rick Perry.
posted by box on Oct 26, 2011 - 88 comments

The SEC's Memory Hole

Is the SEC Covering Up Wall Street Crimes? "A whistleblower claims that over the past two decades, the agency has destroyed records of thousands of investigations, whitewashing the files of some of the nation's worst financial criminals."
posted by homunculus on Aug 18, 2011 - 45 comments

Let's find as many suckers as we can as fast as we can, because we'll only make more money as more and more shit hits the fan.

The People vs. Goldman Sachs. Matt Taibbi's latest magnum opus (previous coverage) lays out the full case for federal prosecutions against the Vampire Squid according to Sen. Carl Levin's Senate Subcommittee on Investigations. [Wall Street and the Financial Crisis: Anatomy of a Financial Collapse 650 page pdf].
posted by T.D. Strange on May 11, 2011 - 176 comments

Everything's fucked up, and nobody goes to jail. You can end the piece right there.

Over drinks at a bar on a dreary, snowy night in Washington this past month, a former Senate investigator laughed as he polished off his beer. "Everything's fucked up, and nobody goes to jail," he said. "That's your whole story right there. Hell, you don't even have to write the rest of it. Just write that." I put down my notebook. "Just that?" "That's right," he said, signaling to the waitress for the check. "Everything's fucked up, and nobody goes to jail. You can end the piece right there."
posted by vidur on Feb 16, 2011 - 126 comments

Matt Taibbi strikes again

Matt Taibbi strikes again. Having gone after the investment banking industry, incidentally attaching a description to Goldman Sachs in ways their PR machine is still trying to peel off, his latest article in Rolling Stone illuminates the pervasive fraud at the heart of the foreclosure scandal. [more inside]
posted by pharm on Nov 12, 2010 - 105 comments

Tea & Crackers: How Corporate Interests and Republican Insiders Built the Tea Party Monster

A hall full of elderly white people in Medicare-paid scooters, railing against government spending and imagining themselves revolutionaries as they cheer on the vice-presidential puppet hand-picked by the GOP establishment. If there exists a better snapshot of everything the Tea Party represents, I can't imagine it.
posted by MegoSteve on Sep 29, 2010 - 158 comments

Wall Street's Bailout Hustle

"The reality is that the post-bailout era in which Goldman [Sachs] thrived has turned out to be a chaotic frenzy of high-stakes con-artistry, with taxpayers and clients bilked out of billions using a dizzying array of old-school hustles that, but for their ponderous complexity, would have fit well in slick grifter movies like The Sting and Matchstick Men. There's even a term in con-man lingo for what some of the banks are doing right now, with all their cosmetic gestures of scaling back bonuses and giving to charities. In the grifter world, calming down a mark so he doesn't call the cops is known as the "Cool Off.""
posted by Pope Guilty on Feb 22, 2010 - 50 comments

Baffler's Back!

The Baffler, storied zine of cultural and political analysis and criticism, is back, and excerpts of the latest issue are now online, including a review of Rod Blagojevich's memoir by Matt Taibbi, as well as articles by Christian Parenti and Walter Benn Michaels. [more inside]
posted by carrienation on Jan 12, 2010 - 13 comments

The "Ultimate 9/11 Truth Showdown": Taibbi vs. Griffin

Matt Taibbi vs. David Ray Griffin Taibbi, to whose writing Metafilter frequently links, and who is currently on retainer at Rolling Stone, takes on Griffin, who is perhaps the most prominent member of the so-called "9/11 Truth Movement," in a knock-down, drag-out multiple-round bout (in three parts). Part II. Part III.
posted by Hat Maui on Oct 6, 2008 - 99 comments

Extremist Makeover

Matt Taibbi checks in with 'Excerpt from The Rise and Fall of the United States (Putnam, 2037), William Shirer IV. From the chapter entitled, "The Anschluss Begins."' Typically clever stuff, especially the Franzen bit.
posted by GriffX on Oct 21, 2003 - 5 comments

Matt Taibbi's Future Television Network

"Taibbi launched the Guillotine Channel. For the premiere, Taibbi assigned ten crack Russian mobster employees to arrest Fox News chief Roger Ailes, drive him to the TGC studios in Burbank and, using a restored 18th-century French guillotine, chop off his head on live television. The privilege of releasing the rope was awarded to an Hispanic single mother in Los Angeles, whose application was chosen via a televised lottery..."
posted by GriffX on Jul 19, 2003 - 4 comments

At D.C. protests, a few hundred thousand go missing

At D.C. protests, a few hundred thousand go missing - "Like most young Americans, I've been trained to think of protests and demonstrations as something shameful and vaguely embarrassing-something one outgrows, like Journey albums, or those hour-long showers you took when you were eleven and twelve." Stinging dead-on reportage about the media's coverage of the anti-war movement, from Matt Taibbi.
posted by GriffX on Jan 29, 2003 - 66 comments

Matt Taibbi, co-founder

Matt Taibbi, co-founder of the eXile, Moscow's most caustic and painfully funny newspaper, has relocated to Buffalo, NY (?) to work his journalistic mojo there. That is, if he's not arrested over this editorial.
posted by GriffX on Jun 17, 2002 - 10 comments

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