Matt Taibbi's Blog, page 3

September 26, 2013

So we have a new feature out today "Looting the Pension Funds" that looks at the blame game being played with state and municipal fiscal crises and the hiring of ultra-expensive "alternative investments" like hedge funds as a key trend in an evolving pension reform movement The story looks at

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Published on September 26, 2013 10:45 • 63 views

September 24, 2013

AIG has a lengthy history of producing some of the biggest tools on Wall Street Former CEO Maurice "Hank" Greenberg was considered one of the world's preeminent unapologetic narcissists even before he sued the government for providing an insufficiently generous bailout Joe Cassano former chief of AIG's financial products division

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Published on September 24, 2013 12:50 • 75 views

September 20, 2013

I got a lot of letters from folks this week about an online column for Forbes written by a self-proclaimed Ayn Rand devotee named Harry Binswanger (if that's a nom de plume it's not bad although I might have gone for "Harry Kingbanger" or "Harry Wandwanker") The piece had the

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Published on September 20, 2013 11:55 • 75 views

September 19, 2013

Yesterday I had the pleasure of visiting with Kathleen Dunn of Wisconsin Public Radio to talk about the five-year anniversary of the collapse of Lehman Brothers

I've been on the road a lot lately and I'm working on a new big piece about public pensions but I'm coming up for air

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Published on September 19, 2013 09:00 • 63 views

September 5, 2013

Readers may recall an ugly story that broke earlier this summer when New York State Attorney General Eric Schneiderman rebuked the news/business information firm Thomson Reuters for selling access to key economic survey data two seconds early to high-frequency algorithmic traders The story strongly suggested that some Thomson Reuters customers

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Published on September 05, 2013 11:25 • 88 views

August 23, 2013

It's been a strange week in the history of Barack Obama's presidency On Sunday the NSA scandal exploded in one of the clumsiest political gaffes in recent memory with British authorities (with American foreknowledge) snatching up Glenn Greenwald's Brazilian partner David Miranda and preposterously detaining him at an airport for

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Published on August 23, 2013 13:00 • 65 views

August 14, 2013

Courtesy of old friend Paul Thacker former Hill staffer and currently a fellow at Harvard's Edmond J Safra Center for Ethics here's an interesting addendum to Bloomberg's highly embarrassing Eric-Holder-Caught-Juking-the-Stats story that came out this Sunday

It turns out that Barack Obama's Justice Department in the person of Attorney General Holder

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Published on August 14, 2013 08:30 • 42 views

August 8, 2013

A lot of interesting things happening on the white-collar enforcement front Evil hedge fund SAC Capital and its villainous ruler Stevie Cohen were run through the gauntlet Goldman Sachs patsy Fabulous Fab took a beating in civil court (I love the detail that emerged that Goldman executives now call him

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Published on August 08, 2013 08:30 • 55 views

July 25, 2013

Headline from a New York Daily News article a few weeks ago

Nathan's Fourth of July champ backs hot dog Anthony Weiner for mayor 

Rim-shot! The event was the pre-Independence Day weigh-in for the annual Coney Island Hot Dog eating contest and improbably contending New York City mayoral candidate Anthony Weiner was

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Published on July 25, 2013 08:50 • 78 views

July 19, 2013

I grew up in the Boston area spent my whole early life there To this day I'm a maniacal fan of Boston sports teams – in fact I was moved to write this column when (to my great distress) I heard my employers being bashed on

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Published on July 19, 2013 11:50 • 81 views

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