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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All they had to do is open up a thrift in one state. What do you mean?
I was going to post this article Geithner, who has come under fire for not doing enough to block the bonuses, said he shared their anger. And the Office of Thrift Supervision is by far the smallest and least biig of the regulators. And, in fact, he kept earning that salary, even after AIG was bailed out, for at least another month.
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? The British Empire probably peaked in relative power around and found it increasing expensive to maintain power afterwards due to the rise of France, Germany, Russia and the United States.
Mar 26, at 9: And under these new regulations, it was also allowed to choose its own regulator, and it chose the weakest and most impotent of the regulators, the Office of Thrift Supervision, which is one of the big reasons that it was allowed to sort of spin out of control. And they had to do that, because they were afraid that they were going to be regulated by, you know, state gaming agencies.
This is Treasury Secretary Geithner. And a great example of how Wall Street has actually risen in influence is this new program that Timothy Geithner introduced the other day, which is really just state-subsidized hedge fund profiteering.
15 Great Articles by Matt Taibbi – The Electric Typewriter
What do you mean, they made this bet? Mar 23, at 4: What does that mean?
Well, I think, you know, everybody loses in the financial crisis, and this is obviously an enormous downfall for everybody financially. AIG and the Big Takeover: We now own controlling stakes in an enormous variety of companies, a dying insurance giant in AIG.
Was this takeocer or after some story on the rebirth of Britney Spears.
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It was Hank Paulson, who was the takeovdr head of Goldman Sachs. Recent News A Disaster for Brazil: Right now every donation to Democracy Now! This is viewer supported news. Related Topics Guests Links Transcript. Mar 23, at 7: It takes just a couple of minutes to make sure that Democracy Now! So they had really very little expertise to deal with the situation. The only reason that Wall Street rallied yesterday was because this plan that Geithner administered is such an enormous giveaway to Wall Street.
Maybe you come for our daily headlines, or for in-depth stories that expose government and corporate abuses of power.
“The Big Takeover,” by Matt Taibbi of Rolling Stone Magazine
I really can not take what Matt Taibbi writes too seriously. Thanks for having me, Amy. Of course, it isn’t possible to have a mainstream discussion about bbig, so we will have to pretend ta,eover problems have nothing to do with the rise of great economic power in China and India.
Maybe you come for in-depth stories that expose government and corporate abuses of power. Mar 23, at 5: Info – Website – Contact.
How Wall Street insiders are using the bailout to stage a revolution. We rely on contributions from you, our viewers and listeners to do our work. 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, takeovver 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.
You compare this whole thing takbbi a casino. 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. Takeovfr Chomsky on Pittsburgh Attack: