About two years ago I encountered the name Matt Taibbi being bandied about in business reporting circles - in impolite terms of course. Taibbi‘s articles consistently trigger significant consternation among the Wall Street Shylocks. My kinda journalist.
Here's his latest bow shot: Wall Street's Bailout Hustle. The bottom line is that banks like Goldman have learned absolutely nothing from the global economic meltdown. In fact, they're back conniving and playing speculative long shots in force — only this time with the full financial support of the U.S. government. In the process, they're rapidly re-creating the conditions for another crash, with the same actors once again playing the same crazy games of financial chicken with the same toxic assets as before.
Also worth reading is WikiLeaks. Interestingly they’ve had several noteworthy legal encounters with Wall Street’s Powers That Be.
