From the soon-to-be (and now actually) laid-off staff of Matt Taibbi's now-aborted magazine The Racket comes Racket Teen! Enjoy its collection of hip memes, hard-hitting cover stories, sexy freedom fighters, and deep investigative journalism, including the answer to the question that's been haunting us all: what really happened to Matt Taibbi?
The $9 Billion Witness: Meet JPMorgan Chase's Worst Nightmare. "Meet the woman JPMorgan Chase paid one of the largest fines in American history to keep from talking." [more inside]
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.
Looting the Pension Funds: All across America, Wall Street is grabbing money meant for public workers. By Matt Taibbi. [more inside]
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.
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.
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]
"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]
"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]
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]
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.
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."
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].
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."
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]
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.
"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.""
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]
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.
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.
"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..."
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.
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.