The Big Takeover

Rolling Stone by Matt Taibbi | Mar. 22, 2009 (Opinion)

The global economic crisis isn't about money - it's about power. How Wall Street insiders are using the bailout to stage a revolution

People are pissed off about this financial crisis, and about this bailout, but they're not pissed off enough. The reality is that the worldwide economic meltdown and the bailout that followed were together a kind of revolution, a coup d'état. They cemented and formalized a political trend that has been snowballing for decades: the gradual takeover of the government by a small class of connected insiders, who used money to control elections, buy influence ... Full Story »

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4.8

by Randy Morrow - Mar. 22, 2009

Mr. Tiabbi turns his attention to the bailout mess, and puts what he has found out in understandable (and shall we say "colorful") terms.

Randy posted this story.

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4.7

by Dwight Rousu - Mar. 23, 2009

Taibbi presents a clear and comprehensive picture of the corrupt mess represented by AIG, Goldman, and the bad crowd of financial advisers Obama has fallen in with. Expletives are not deleted, but you may generate some of your own when you read what he describes.

Note the problems started with corporations buying legislators with campaign contributions. Reform the finance structure, but also institute ... More »

While the rest of America, and most of Congress, have been bugging out about the $700 billion bailout program called TARP, all of these newly ... More »

AIG and the Big Takeover: Matt Taibbi on "How Wall Street Insiders Are Using the Bailout to Stage a Revolution" - See Review »

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3.6

by Gerard Barberi - Mar. 22, 2009

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4.1

by Julian Friedland - Mar. 23, 2009

Takes much for granted in its assumptions about corporate power and uses filthy language that will turn off some readers. Still, provides a decent picture of what the bailout terms really mean.

If you've been paying any attention to the growing plutocracy in this country, Taibbi's licentious rage is well taken.

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5.0

by Jonathan Cole - Mar. 23, 2009

This is the best I have seen in analysis of the financial melt-down.

As a student of economics and business and holding an MBA, I have to say that this article is one of the few that explains what has happened and how ... More »

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5.0

by Doug Greer - Mar. 23, 2009

In my opinion, good journalism doesn't have to refrain from the use of strong language. Taibbi explains the difference between money and power with respect to the financial crisis.

The latest bailout came as AIG admitted to having just posted the largest quarterly loss in American corporate history — some $61.7 billion. In ... More »

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3.7

by Fabrice Florin - Mar. 21, 2009

Incisive and strongly worded analysis of the global financial crisis, focusing on A.I.G. and the head of its Financial Products group, Joseph Cassano. The author also singles out Sen. Phil Gramm as a culprit for his role in the deregulation of the financial industry.

While I applaud the depth of this article, which cites extensive evidence to back its points, I do not condone the author's insulting tone and ... More »

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4.4

by Tanya J. Maurer - Mar. 24, 2009

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4.7

by Harry A Farr - Mar. 22, 2009

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4.9

by Lisa Brenner - Mar. 27, 2009

A clear, documented exposition with understandable examples and analogies. Well researched!

Worth forwarding to friends and family.

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3.6

by Don S - Mar. 22, 2009

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4.7

by Jacopo Gradassai - Mar. 26, 2009

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3.5

by Nathan Byrd - Mar. 26, 2009

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4.4

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from 13 reviews (50% confidence)

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4.5

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2.0

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4.4

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4.0

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4.4

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3.2

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4.5

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4.6

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4.0

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3.5

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4.1

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The Crisis of Credit Visualized (Pending)

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AIG and the Big Takeover: Matt Taibbi on "How Wall Street Insiders Are Using the Bailout to Stage a Revolution"

Democracy Now, Rolling Stone by Amy Goodman, Matt Taibbi | Mar. 25, 2009 (News Analysis)

(Video) “The reality is that the worldwide economic meltdown and the bailout that followed were together a kind of revolution, a coup d’état,” writes Taibbi. “They cemented ...

Posted by Dwight Rousu

4.7

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