10 Responses to Excellent Matt Taibbi Article about Financial Crisis in Rolling Stone

1. Elliott March 19th, 2009 at 3:07 pm «

   thanks, wouldn’t have seen it otherwise. Like he says we’re officially, royally f*cked
2. cbl March 19th, 2009 at 3:39 pm «

   thanks for the link janushka – love this kid’s work !
3. cbl March 19th, 2009 at 4:16 pm «

   as always, when I read good journalism, I rue that most Americans will never be exposed to Matt’s fabulous narrative, but by page 6 I was wondering if I should count Barack Obama among them
4. Hugh March 19th, 2009 at 4:29 pm «

   How Wall Street insiders are using the bailout to stage a revolution

   Has Taibbi discovered the Shock Doctrine?
5. readerOfTeaLeaves March 19th, 2009 at 4:48 pm «

   Wow, that article is superb. Really, really good.
6. akak March 19th, 2009 at 7:27 pm «

   Thanks so much for posting on it, excellent article, I’ve forwarded it to tons of people, including a Goldman employee!
7. Hugh March 19th, 2009 at 8:26 pm «

   Getting to the end of it. It does not have any new material in it so far but it is a very enjoyable, very readable romp through the history of our financial collapse. There are a lot of other factors that need to be mentioned: easy credit, stagnant wages, taxing policy, balance of payments, endebtedness, and mortgage fraud to name a few but what this article does, it does really, really well.
8. bluebutterfly March 20th, 2009 at 12:04 am «

   “- A U.N. panel will next week recommend that the world ditch the dollar as its reserve currency in favor of a shared basket of currencies, a member of the panel said on Wednesday, adding to pressure on the dollar.

   Currency specialist Avinash Persaud, a member of the panel of experts, told a Reuters Funds Summit in Luxembourg that the proposal was to create something like the old Ecu, or European currency unit, that was a hard-traded, weighted basket.

   Persaud, chairman of consultants Intelligence Capital and a former currency chief at JPMorgan, said the recommendation would be one of a number delivered to the United Nations on March 25 by the U.N. Commission of Experts on International Financial Reform. “

   http://www.reuters.com/article…..CY20090318
9. ART45 March 20th, 2009 at 7:52 am «

   Great article.

   Thanks, Janushka.
10. paz3 March 20th, 2009 at 10:42 am «

    as always, when I read good journalism, I rue that most Americans will never be exposed to Matt’s fabulous narrative, but by page 6 I was wondering if I should count Barack Obama among them

    Rolling Stone has relatively good circulation for a pop news magazine, but, Obama staff aside, I don’t think that “…most Americans…” would be able to truly comprehend what Taibbi is saying. As with most of Taibbi’s writings, it will provoke a lot of denial on the part of those for whom any deep systemic change in our cultural politics and identity (The Creed of the The New Age Holy Trinity – me, myself and I) is too threatening.

    Asking people to “…love their neighbors as themselves…” does not resonate well in our society with it’s vague Randian echoes (…life, liberty and the pursuit of happiness…”