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.
|Genre:||Health and Food|
|Published (Last):||22 October 2016|
|PDF File Size:||7.61 Mb|
|ePub File Size:||5.25 Mb|
|Price:||Free* [*Free Regsitration Required]|
In recent history empires seemed to reach a peak and then continue on, partly from inertia and partly because nobody can figure out how to fill the void left by a weakening empire.
Thank you so much.
Are we really looking to Rolling Stone for serious journalism? The fact that we had to resort to those measures is extraordinary in itself. A March to Disaster: It takes just a couple of minutes to make sure that Democracy Now!
15 Great Articles by Matt Taibbi – The Electric Typewriter
Please attribute legal copies of this work to democracynow. The biggest movement in that front was the Gramm-Leach-Bliley Act ofwhich repealed the Depression-era law called the Glass-Steagall Act, and that allowed all of these companies to merge together and create these enormous mega-companies, like Citi, like Bank of America and like AIGwhich was once basically an insurance company but evolved to become, you know, a very complicated hedge fund, an investment bank and a variety of other things.
Recent News A Disaster for Brazil: The British Empire probably peaked in relative power around and found it increasing expensive to maintain power atibbi due to the rise of France, Germany, Russia and the United States. And, of course, every hedge fund in the world was throwing a party at the news that Geithner came out with this plan yesterday.
The Big Takeover
How did this big takeover happen? We now own controlling stakes in an enormous variety of companies, a dying insurance giant in AIG.
For further information or additional permissions, contact us. 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.
Info – Website – Contact. I was going vig post this article Two world wars destroyed British power. We produce our daily news hour at taibb fraction of the budget of a commercial news operation, all without ads, government funding or corporate underwriting?
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. Yes, serious journalism tzibbi be found in Rolling Stone. Matt Taibbi, who won? In our case, we are seeing a rapid decline in our relative power.
We need to extend those protections and authorities to cover the risks posed by our more diverse and complicated financial system today, and we are proposing legislation to provide those tools and look forward to working with this committee and the Congress to pass such legislation as quickly as possible.
In the Commodity Futures Modernization Act in the yearthey specifically exempted credit default swaps from being treated as gaming under any state laws. Matt Taibbi is contributing editor for Rolling Stone. Maybe you come for our daily headlines.
Was this before or matt some story on the rebirth of Britney Spears. Bush destroyed the Republican Party.
The Big Takeover by Matt Taibbi – Dandelion Salad
And they had to do that, because they were afraid that they were going to be regulated by, you know, state gaming agencies. We rely on contributions from you, our viewers and listeners to do our work. Advertise Login Sign up. Mike Taibbi works for NBC. And then we are going to talk about these bonuses and who these people are. bog
“The Big Takeover”-Matt Taibbi in Rolling Stone on the financial meltdown
I think it was Rolling Stone that recently ran a riveting article on how George W. You compare this whole thing to a casino. 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. Geithner, who has come under fire for not doing enough to block the bonuses, said he shared their anger. You know that you can count on Democracy Now!
They both were absolutely complicit in passing these deregulatory moves. Maybe Matt the article’s author is his son Start a new discussion.
Jetpack Jones and the Prison Planet of Peril. Many view the massive losses at AIG as the result of corporate greed combined with lax government oversight and regulation.
Right now every donation to Democracy Now! This is Treasury Secretary Geithner. But if you look at it in purely Machiavellian terms, what you see is a colossal power grab that threatens to turn 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 tainbi unwitting involuntary shareholders, previously known as taxpayers.
Watch Full Show Next Story. Mar 26, at 9: Sometimes what appears to be a conspiracy is actually more disturbing – the possibility that the high and mighty don’t really understand what is going taivbi. Socializing the debt and privatizing the profit. Is this about restoring Wall Street to the way it was? But did you know we produce our daily news hour at a fraction natt the budget of a commercial news operation, all without ads, government funding or corporate underwriting?