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: Grokasa Zukasa
Country: Morocco
Language: English (Spanish)
Genre: Relationship
Published (Last): 17 November 2004
Pages: 277
PDF File Size: 9.81 Mb
ePub File Size: 11.66 Mb
ISBN: 722-9-17645-808-9
Downloads: 94896
Price: Free* [*Free Regsitration Required]
Uploader: Kigalrajas

How did this big takeover happen? AIG and the Big Takeover: You know that you can count on Democracy Now! You compare this whole thing to a casino.

The Big Takeover – SourceWatch

Bush destroyed the Republican Party. Conceivably, its failure could have resulted in a s-style global financial and economic meltdown with catastrophic implications for production, income and jobs. And because the CDSs were unregulated — and this is because of a specific law back in the year called the Commodity Futures Modernization Act, which was sponsored by Phil Gramm. Is this about restoring Wall Street to the way it was? And, of course, every hedge fund in the world was throwing a party at the news that Geithner came out with this plan yesterday.

takeovet This is viewer supported news. I mean, this whole situation is rife with Goldman Sachs employees. They both were absolutely complicit in passing these deregulatory moves.

The Big Takeover by Matt Taibbi – Dandelion Salad

Please do your part today. Is Rolling Stone still in print? This is Treasury Secretary Geithner. 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.


The British Empire probably peaked in relative power around and found it increasing expensive to maintain power afterwards due to the rise of France, Germany, Russia and the United States. Matt Taibbi, who won? And the Office of Thrift Supervision is by far the smallest and least aggressive of the regulators. In the Commodity Futures Modernization Act in the yearthey specifically exempted credit default swaps from being treated as gaming under any state laws.

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? You turn to Democracy Now! We rely on contributions from you, our viewers and listeners to do our work.

What do you mean? Mar 23, at 2: Trio Umami Jan 13, at 3: This was absolute unity on the part of both parties.

I should have been called “The Big Screw-Over” Start a new discussion. You know, in the instance of the Gramm-Leach-Bliley Act, that was sponsored by Phil Gramm and by the Republicans, but it was very, very enthusiastically supported by Robert Rubin and Larry Summers, and it was signed into law by Bill Clinton and passed with the support of all those very powerful Democratic senators.

Related Topics Guests Links Transcript.

We now own controlling stakes in an enormous variety of companies, a dying insurance giant in AIG. If you visit us daily or weekly or even just once a month, now is a great time to make your monthly contribution.

Happy New Year!

AIG was a company that had overemployees. Mar 23, at 7: And they had to do that, because they were mxtt that they were going to be regulated by, you know, state gaming agencies. You have to let us kind of work this out. Please attribute legal copies of this work to democracynow.


“The Big Takeover”-Matt Taibbi in Rolling Stone on the financial meltdown

Maybe Matt the article’s author is his son It would hardly be the first time in human history that the best and brightest were overtaken by events they couldn’t properly understand – World War I comes to mind. Noam Chomsky on Pittsburgh Attack: One of the better reporters out there – certainly better than anyone in Time or Newseek.

Thank you so much. The only people who understood these CDSs and these derivative instruments was the people who were actually writing these contracts.

Non-commercial news needs your support.

And this is a tiny, tiny unit. In recent history empires seemed to reach a peak and then continue on, partly from inertia and partly because nobody can figure out how to fill the void left by taobbi weakening empire. Jetpack Jones and the Prison Planet of Peril. Story Sep 18, WootAre we really looking to Rolling Stone for serious journalism? Please do your part. Advertise Login Sign up. Maybe you come taibni our daily headlines. And then we are going to talk about these bonuses and who these people are.