Author

By incentivizing Wall Street players to sniff out inefficient or corrupt companies and bet against them, short-selling acts as a sort of policing system; legal short-sellers have been instrumental in helping expose firms like Enron and WorldCom.

From Matt Taibbi

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.

From Matt Taibbi

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.

From Matt Taibbi

In the old days, when you took out a mortgage, it was probably through a local bank or a credit union, and whoever gave you your loan held on to it for life. If you lost your job or got too sick to work and suddenly had trouble making your payments, you could call a human being and work things out.

From Matt Taibbi

Comparing your family budget to the sovereign debt of the United States is a little like comparing two kindergartners tossing a paper airplane to the Apollo 11 mission.

From Matt Taibbi

The individual incentive not to commit crime on Wall Street now is almost zero.

From Matt Taibbi

Like wars, forest fires and bad marriages, really stupid laws are much easier to begin than they are to end.

From Matt Taibbi

By creating an urgent crisis that can only be solved by those fluent in a language too complex for ordinary people to understand, the Wall Street crowd has turned the vast majority of Americans into non-participants in their own political future.

From Matt Taibbi

The only reason investors haven't run screaming from an obviously corrupt financial marketplace is because the government has gone to such extraordinary lengths to sell the narrative that the problems of 2008 have been fixed.

From Matt Taibbi

Once you give an NFL player permission to have thoughts, you invite all kinds of mischief.

From Matt Taibbi

Matt Taibbi

Notable Quotes

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