Matt Taibbi

13 articles
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Apocalypse, New Jersey

A dispatch from Camden, “America’s most desperate town.”

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Ripping Off Young America: The College-Loan Scandal

“The dirty secret of American higher education is that student-loan interest rates are almost irrelevant. It’s not the cost of the loan that’s the problem, it’s the principal – the appallingly high tuition costs that have been soaring at two to three times the rate of inflation, an irrational upward trajectory eerily reminiscent of skyrocketing housing prices in the years before 2008.”

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Everything Is Rigged: The Biggest Price-Fixing Scandal Ever

Libor, ISDAfix, and how the big banks do business.

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Cruel and Unusual Punishment

On California’s three strikes laws.

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Flathead

Matt Taibbi on Thomas Friedman.

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Bank of America: Too Crooked to Fail

Anyone who wants to know what the Occupy Wall Street protests are all about need only look at the way Bank of America does business. It comes down to this: These guys are some of the very biggest assholes on Earth. They lie, cheat and steal as reflexively as addicts, they laugh at people who are suffering and don't have money, they pay themselves huge salaries with money stolen from old people and taxpayers – and on top of it all, they completely suck at banking. And yet the state won't let them go out of business, no matter how much they deserve it, and it won't slap them in jail, no matter what crimes they commit. That makes them not bankers or capitalists, but a class of person that was never supposed to exist in America: royalty.
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Is the SEC Covering Up Wall Street Crimes?

According to a whistleblower, the SEC has been systematically destroying records of investigations for the last twenty years:

By whitewashing the files of some of the nation's worst financial criminals, the SEC has kept an entire generation of federal investigators in the dark about past inquiries into insider trading, fraud and market manipulation against companies like Goldman Sachs, Deutsche Bank and AIG. With a few strokes of the keyboard, the evidence gathered during thousands of investigations – "18,000 ... including Madoff," as one high-ranking SEC official put it during a panicked meeting about the destruction – has apparently disappeared forever into the wormhole of history.

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The People vs. Goldman Sachs

While much of the Levin report describes past history, the Goldman section describes an ongoing? crime — a powerful, well-connected firm, with the ear of the president and the Treasury, that appears to have conquered the entire regulatory structure and stands now on the precipice of officially getting away with one of the biggest financial crimes in history.
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The Real Housewives of Wall Street

The story of $220M in bailout money.

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Why Isn't Wall Street in Jail?

“The entire system set up to monitor and regulate Wall Street is fucked up. Just ask the people who tried to do the right thing.”

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Interview: Matt Taibbi

On Ayn Rand becoming a cult hero to Wall Street insiders and others items that make Matt Taibbi angry.

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Tea & Crackers

Taibbi on the Tea Party. “After lengthy study of the phenomenon, I’ve concluded that the whole miserable narrative boils down to one stark fact: They’re full of shit.”