Matt Taibbi
Matt Taibbi
Matthew C. "Matt" Taibbiis an American author and journalist. Taibbi has reported on politics, media, finance, and sports, and has authored several books, including The Divide: American Injustice in the Age of the Wealth Gap, Griftopia: Bubble Machines, Vampire Squids, and the Long Con That Is Breaking Americaand The Great Derangement: A Terrifying True Story of War, Politics, and Religion...
NationalityAmerican
ProfessionAuthor
Date of Birth2 March 1970
CountryUnited States of America
'Prop trading' is just a fancy term for banks gambling in the market for their own profit.
It's come around to that point of view at the end of a long evolutionary process, in which the rule of law has slowly been replaced by giant idiosyncratic bureaucracies that are designed to criminalize failure, poverty, and weakness on the one hand, and to immunize strength, wealth, and success on the other.
The problem with the Tea Party is that it's been used in a way that scares people into supporting an agenda that's counter to their own interests.
I mean, people who say that the Tea Party isn't a grassroots movement, I think, are incorrect. I think in some respects, it is a grassroots movement.
Everything in America is so uniform. In Russia, everywhere you go is completely insane.
Like wars, forest fires and bad marriages, really stupid laws are much easier to begin than they are to end.
The print magazine and print journalism industry is obviously in a great deal of trouble, and one of the things that happened when this business started to give way to the Internet and to broadcast television is that a lot of organizations started cutting specifically investigative journalism and they also started cutting fact-checkers.
The threat posed by Bank of America isn't just financial - it's a full-blown assault on the American dream. Where's the incentive to play fair and do well, when what we see rewarded at the highest levels of society is failure, stupidity, incompetence and meanness? If this is what winning in our system looks like, who doesn't want to be a loser?
There are some who think that the government is limited in how many corruption cases it can bring against Wall Street, because juries can't understand the complexity of the financial schemes involved. But in 'U.S.A. v. Carollo,' that turned out not to be true.
America has two national budgets, one official, one unofficial.
America is a country that has been skating for ages on its unparalleled ability to look marvelous on the outside.
America's always had a real passion for lunatic movements. That's one of the things we're probably known for around the world, I would imagine.
Contracting corruption has been around since the construction of the Appian Way.
Everybody I knew, practically, was a journalist when I was a kid - my father, all of his friends. I never wanted to be like those people.