Tuesday, June 9, 2009

Matt Taibbi Disscusses the Long Reach of Goldman Sachs

...in a way that only Matt Taibbi can do. First he notes that WSJ's Evan Newmark has called Henry Paulson a national hero. Then he writes to WSJ:

Dear WSJ,

Just out of curiosity — did Evan Newmark ever work for Goldman, Sachs? And if the answer to the question is yes, don’t you think that might have been a good fact to disclose before he fellated Hank Paulson in his “Mean Street” column?

Matt Taibbi
Then he reveals that, yes, Newmark is a Goldman Sachs tentacle:

I didn’t get an answer, which I guess is not surprising. But in the interim I found out that Newmark did, indeed, work for Goldman...Can you imagine what a craven, bumlicking ass-goblin you’d have to be to get a job working for the Wall Street Journal, not mention up front that you used to be a Goldman, Sachs managing director, and then write a lengthy article calling your former boss a “national hero” — in the middle of a sweeping financial crisis, one in which half the world is in a panic and the unemployment rate just hit a 25-year high? Behavior like this, you usually don’t see it outside prison trusties who spend their evenings shining the guards’ boots. I can’t even think of a political press secretary who would sink that low. Hank Paulson, a hero? Are you fucking kidding us?
And this is Tabbi just warming up, the rest is here.


1 comment:

  1. Wenzel,

    It's nice that Taibbi is all pissed off at these people right now but he's only minorly a credible financial scandal reporter. He majored in irrational Bush-hatred and disgust for all things "right" in the political spectrum.

    It's fun to watch him blow his top now and then but he comes across as really immature, an incredibly piss-poor writer with the occasional journalist-inquiry streak who leans on "gonzo" to cover for his lack of actual talent or intelligence.

    My impression of him so far is that he is a very angsty, psychologically frustrated man who perhaps is harboring a grudge for all the "rich kids" that had more of their parents money to spend in college than he did. When this collapse finally rolls around, and people start considering giving the free market a try, you'll really see him get sweaty as he equates free market to crony capitalism/rich kids from college that he's angry about still. At that point, I'm guessing his juvenile antics won't seem so impressive to the LRC/Mises crowd and no one will be linking to what he's saying anymore as he goes off on an anti-liberty tirade.

    In other words, he's an idiot, and ultimately for the cause of liberty, idiots are dangerous.

    Just my take, that's all. I don't mean to criticize you for linking to him or anything like that, and this certainly was an interesting little scoop he came upon so I appreciate that he did and that I learned about it through the blog.