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The new Rolling Stone, with Mitt Romney on the cover, is already the talk of the internet. The cover article—which runs over 6,000 scathing words—was written by politics speaker Matt Taibbi in his trademark metaphor-rich, no-holds barred, cut-to-the-marrow style that he’s employed in bestsellers like Griftopia.
Here’s Lavin speaker and Griftopia author Matt Taibbi talking with Eliot Spitzer about how the Securities and Exchange Commission, the government’s cop on the Wall Street beat, looks the other way while the big banks bend and break the law.
Rolling Stone’s Matt Taibbi says the big banks, circa 2006 to 2008, were involved in a giant mortgage fraud scheme: “It’s no different than here on the streets of New York where you see people selling fake Prada bags.”
"People out there do not need media figures to tell them how f**ked things are, or how pissed they should be that the same bankers who caused the crash are now enjoying state-supported bonuses in the billions, while everyone else gets squeezed. As someone who has been covering this stuff for three years, I can say with confidence that people across the country don’t need a push to be angry. They’re already there, and have been there for years. Rush [Limbaugh] should go hang out outside a foreclosure court in his home state of Florida for a few hours, if he wants to see where the rising heat under these protests is coming from."
Rolling Stone’s Matt Taibbi in his blog post, “Why Rush Limbaugh Is Freaking Out About Occupy Wall Street.”
"Matt Taibbi’s 5,000-word exposé of the SEC’s document-shredding is a magnificent piece of journalism, and is the first and last place that you should look to to understand what’s going on here. I hope this turns into a big scandal and causes significant changes at the SEC — although I’m not holding my breath. But if it does, Taibbi will deserve a huge amount of the credit."
A Reuters articleon why the mainstream media have been strangely silent in acknowledging Rolling Stone writer Matt Taibbi ’s work in uncovering the Securities Exchange Commission’s destruction of many important documents. Blogs and Twitter, the article points out, have done a much better job.
Rolling Stone writer and Griftopia author Matt Taibbi stops by Keith Olbermann’s new show to talk about the debt ceiling bill and to shed light on a terribly one-sided tax holiday scam that Olbermann calls “better than Bernie Madoff” and which Taibbi pegs as “a classic example of how Washington works.”
"The general consensus is that for the second time in three years, a gang of financial terrorists has successfully extorted the congress and the White House, threatening to blow up the planet if they didn’t get what they wanted."
"The first thing you need to know about Goldman Sachs is that it’s everywhere. The world’s most powerful investment bank is a great vampire squid wrapped around the face of humanity, relentlessly jamming its blood funnel into anything that smells like money."
-Lavin exclusive speaker Matt Taibbi, from his Rolling Stonearticle, “The Great American Bubble Machine.”