haithman Posted February 19, 2010 Share Posted February 19, 2010 I thought many of you would enjoy this read... Goldman Sachs and other big banks aren't just pocketing the trillions we gave them to rescue the economy - they're re-creating the conditions for another crash By: MATT TAIBBI http://www.rollingstone.com/politics/story/32255149/wall_streets_bailout_hustle/1 Link to comment Share on other sites More sharing options...
haithman Posted February 19, 2010 Author Share Posted February 19, 2010 I didn't want to bump this so quickly but I think everyone on this board should check this out. Even as someone who will be working in finance, this article left me feeling a bit quesy. Link to comment Share on other sites More sharing options...
Farbod21 Posted February 19, 2010 Share Posted February 19, 2010 MATT TAIBBI is the best in the business. If you want a guy that blasts both sides of the aisle equally and has no affiliation with any interest, read his stuff. Link to comment Share on other sites More sharing options...
Hooper Posted February 19, 2010 Share Posted February 19, 2010 Great article. It's amazing no one else is really reporting this stuff. And it's not a partisan issue. Link to comment Share on other sites More sharing options...
Madison Redskin Posted February 19, 2010 Share Posted February 19, 2010 MATT TAIBBI is the best in the business. If you want a guy that blasts both sides of the aisle equally and has no affiliation with any interest, read his stuff. Matt is a smart and well-informed individual, but he's definitely got an agenda. He's a liberal populist and he doesn't really make any effort at all to hide his personal beliefs and biases. IMO, he's a more intelligent version Glenn Beck. Their politics are very different, but they are both hyper-emotional editorialists who fashion themselves as the purveyors of truth. Link to comment Share on other sites More sharing options...
haithman Posted February 19, 2010 Author Share Posted February 19, 2010 Matt is a smart and well-informed individual, but he's definitely got an agenda. He's a liberal populist and he doesn't really make any effort at all to hide his personal beliefs and biases. IMO, he's a more intelligent version Glenn Beck. Their politics are very different, but they are both hyper-emotional editorialists who fashion themselves as the purveyors of truth. Political agenda's aside this article does a great job of shedding light on the practices within the industry in a succinct manner. Many people know/have known what is going on and the evidence is out there to see but this article puts it in a way that is easy to understand for most people. Link to comment Share on other sites More sharing options...
Koolblue13 Posted February 19, 2010 Share Posted February 19, 2010 Matt is a smart and well-informed individual, but he's definitely got an agenda. He's a liberal populist and he doesn't really make any effort at all to hide his personal beliefs and biases. IMO, he's a more intelligent version Glenn Beck. Their politics are very different, but they are both hyper-emotional editorialists who fashion themselves as the purveyors of truth. If it's in Rolling Stone, it's got an agenda. They are horribly biased. Link to comment Share on other sites More sharing options...
SkinsHokieFan Posted February 20, 2010 Share Posted February 20, 2010 Great article. It's amazing no one else is really reporting this stuff. And it's not a partisan issue. Exactly. Its a damn shame GS is even allowed to exist. That entire company should be broken up and its board and CEO put in handcuffs But they also were the President's biggest contributor and have many White House connections. Link to comment Share on other sites More sharing options...
Hooper Posted February 20, 2010 Share Posted February 20, 2010 If it's in Rolling Stone, it's got an agenda. They are horribly biased. Maybe. All I know is that Taibbi has been killing Obama. Link to comment Share on other sites More sharing options...
luckydevil Posted February 20, 2010 Share Posted February 20, 2010 Sure, Taibbi has an agenda ( as if that is a bad thing). However, he is one of the few voices out there that is exposing the horror of the bailouts and wall-street ( particularly Goldman Sachs). I love left-liberal populists, we could use more of them. Link to comment Share on other sites More sharing options...
Koolblue13 Posted February 20, 2010 Share Posted February 20, 2010 Maybe. All I know is that Taibbi has been killing Obama. I've noticed that. It just hasn't sunk in yet. Shocking. Link to comment Share on other sites More sharing options...
Madison Redskin Posted February 20, 2010 Share Posted February 20, 2010 Sure, Taibbi has as agenda ( as if that is a bad thing). He was one of the few voices out there that is exposing the horror of the bailouts and wall-street ( particularly Goldman Sachs). I love left-liberal populists, we could use more of them. Everyone is entitled to have an opinion, including journalists. I just don't like how so every news article reads like an op-ed these days, even when I agree with what the authors are saying. IMO, the "Glenn Beckization" of the news media is bad for America. Link to comment Share on other sites More sharing options...
luckydevil Posted February 20, 2010 Share Posted February 20, 2010 Everyone is entitled to have an opinion, including journalists. I just don't like how so every news article reads like an op-ed these days, even when I agree with what the authors are saying. IMO, the "Glenn Beckization" of the news media is bad for America. Well, I really don't consider that a bad thing. Objective reporting is impossible. Frankly, I wish our media was more like Europe's. They don't hide their biases and pretend to be objective. Link to comment Share on other sites More sharing options...
Madison Redskin Posted February 20, 2010 Share Posted February 20, 2010 Well, I really don't consider that a bad thing. Objective reporting is impossible. Frankly, I wish our media was more like Europe's. They don't hide their biases and pretend to be objective. The most persuasive op-eds are those that weigh the pros and cons of a particular policy and tell you why they've decided X. Unfortunately, few of the Glenn Beck types do that. Instead, they tend to oversimplify and obfuscate and engage in "talking point" reporting that is heavy on platitudes and light on real analysis. In any case, what makes a guy like Taibbi competent to determine whether the bailouts are, on balance, good for the economy? He writes about whatever is topical, including armed conflicts, Washington politics, legal developments, the economy, social issues, etc. He's essentially asked to be a jack of all trades and a master of none. It's good to have guys like Taibbi engage in investigative reporting and, if they uncover some fraud or wrongdoing, to expose it. However, if I want to hear opinions on a subject, I'll either go to ES or I'll read op-eds that are written by people with expertise. For example, I'll read op-eds written by guys like Paul Krugman and Milton Friedman (RIP) to learn what people "in the know" think about a particular issue concerning the economy. Link to comment Share on other sites More sharing options...
youngestson Posted February 20, 2010 Share Posted February 20, 2010 Great article. It's amazing no one else is really reporting this stuff. And it's not a partisan issue. I think that's why it's not a big issue. If there is no angle for one party to use against the other in their endless quest for power then the actual issue is dead to them. Link to comment Share on other sites More sharing options...
HOF44 Posted February 20, 2010 Share Posted February 20, 2010 If you want to get the American people up in arms make a movie huge big name mainstream about this. Of course keep Roger Moore as far away as possible. Link to comment Share on other sites More sharing options...
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