BIG TAKEOVER MATT TAIBBI PDF

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.

Author: Mezijas Mikazragore
Country: Cayman Islands
Language: English (Spanish)
Genre: Love
Published (Last): 22 August 2011
Pages: 372
PDF File Size: 1.38 Mb
ePub File Size: 18.18 Mb
ISBN: 989-8-19157-642-3
Downloads: 27017
Price: Free* [*Free Regsitration Required]
Uploader: Vugul

It was Hank Paulson, who was the former head of Goldman Sachs.

This is viewer supported news. I should have been called “The Big Screw-Over” AIG and the Big Takeover: Thank you so much.

Happy New Year!

Maybe Matt the article’s author is his son. Two world wars destroyed British power. 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. And the Office of Thrift Supervision is by far the smallest and least aggressive of mwtt regulators. If you visit us daily or weekly or even just once a month, now is a great time to make your monthly contribution. Is Rolling Stone still in print?

Conceivably, its failure could have resulted in a s-style global financial and economic meltdown with catastrophic implications for production, income and jobs.

The Big Takeover

What do you mean, they made this bet? Info – Website – Contact. And they had to do that, because they were afraid that they were going to be regulated by, you know, state gaming agencies.

  CHOULIARAKI AND FAIRCLOUGH 1999 PDF

You compare this whole thing to a casino. The New York Times reports if Congress approves such a measure, it would represent one of the biggest permanent expansions of federal regulatory power in decades. He was allowed to stay on at a salary of a million dollars a month.

The Big Takeover by Matt Taibbi – Dandelion Salad

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. 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? But, first of all, who are these people in the London office?

Maybe takeovwr come for our daily headlines, or for in-depth stories that expose government and corporate abuses of power.

I really can not take what Matt Taibbi writes too seriously. Maybe you come for in-depth stories that expose government and corporate abuses of power. 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.

Thanks for having me, Amy. Jetpack Jones and the Prison Planet of Peril.

  APTECH JAVA TUTORIAL PDF

AIG was a company that had overemployees. 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. You fakeover that you can count on Democracy Now!

Mar 23, at 2: And then we are going to talk about these bonuses and who these people are. Mar 23, at Start a new discussion.

The fact that we had to resort to those measures is extraordinary in itself. And, in fact, he kept earning that salary, even after AIG was bailed out, for at least another month.

Some of the greatest literature and interviews could be found in Playboy Magazine. And, of course, every hedge fund in the world was throwing a party at the news that Geithner came out with this plan yesterday.

We need to extend those protections and authorities to cover the risks posed by our more diverse and complicated financial system today, and we taiibbi 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. A friend was asking this question the other day. Mike Taibbi works for NBC. So what happened to Cassano?