Comments on: On Obama’s Sellout

By: Damage Control « TheCenterLane.com

Damage Control « TheCenterLane.com — Sun, 17 Oct 2010 09:09:50 +0000

[...] It didn’t work. The best way to see how this played out should begin with a reading of Taibbi’s retort to a critique appearing in The American Prospect — a feeble attempt to demonstrate that [...]

By: Economics: Two Heads – Same Coin « The Nappy Cat Chronicles

Economics: Two Heads – Same Coin « The Nappy Cat Chronicles — Wed, 24 Mar 2010 11:02:00 +0000

[...] First, from Matt Taibbi, who has been chronicling the Wall Street bailout since its inception. Geithner and Ben Bernanke continued a bailout policy that rewarded the very people who were most responsible for the crisis. [...]

By: cliveshome

cliveshome — Fri, 08 Jan 2010 08:40:00 +0000

NEVER BE AFRAID TO AIR YOUR VIEWS ON OBAMA….we are too liberal when it comes to Obama, why? Because first to Presidency, First to health care approval, and first to make world think more than twice. Never be afraid because all great men have opposition. If he dose not…then!

http://cliveshome.blogspot.com

By: The Left’s Odd Abandoment of Obama: Matt Taibbi - 2parse

The Left’s Odd Abandoment of Obama: Matt Taibbi - 2parse — Fri, 18 Dec 2009 15:14:29 +0000

[...] “Sarah Palin of journalism.” And he certainly demonstrated that out-of-the-gate with his first sentence responding to critics: When we went to print with the latest Rolling Stone piece about Obama’s economic hires, a [...]

By: alexchumley

alexchumley — Thu, 17 Dec 2009 09:10:19 +0000

Matt, your writing gets better with everything you have written. You continue to be the example to which I hold up all other journalists. Your work is top notch, easy to read and you never miss the big picture. Those qualities alone sets you above everyone else.

By: wswatchdog

wswatchdog — Wed, 16 Dec 2009 19:35:19 +0000

Matt,
Great job on your article! Keep up the good work. We don’t have enough courageous, smart investigative journalist following the Banksters of Wall Street.Fernholtz’s commentary on your article is FULL of holes. See just some of these below:

This is my response to your shabby commentary Mr. Fernholtz:

Taibbi: “Geithner, in other words, is hired to head the U.S. Treasury by an executive from Citigroup — Michael Froman.”

Your commentary: Froman didn’t hire Geithner, Obama did, and the move had been expected long before Froman came on board the transition — Froman had little to do with it other than aiding in vetting. Geithner had impressed Obama while briefing him during the crisis when he was President of the New York Fed and had been a senior Treasury official during the Clinton administration. He has never worked for a bank.

My Response: Of course Obama ultimately made the hiring decision but who do you think was advising him on who to bring in as Treasury Secretary? Maybe it’s because of your youth Mr. Fernholtz but you either think your readers are very naive or you are. Further, that Geithner was president of the NY Fed both before and while the financial crisis was developing was good reason to NOT hire him as Treasury Chief.

· Taibbi: “Neil Barofsky, the inspector general charged with overseeing TARP, estimates that the total cost of the Wall Street bailouts could eventually reach $23.7 trillion.”
Your Commentary: It could, if every single loan guaranteed by the Federal government failed at once and all of the assets bought with those loans were destroyed – …”
My Response: And what if most of the debts are NOT paid back. More importantly, what moral hazard or precedent for Big Bailing Banks out in the future does this present with an even bigger bill for taxpayers?
· Taibbi: “A masterpiece of legislative chicanery, the measure would have given the White House permanent and unlimited authority to execute future bailouts of megaconglomerates like Citigroup and Bear Stearns.”

· Your Commentary: Er, no. It allows the government to liquidate megaconglomerates like Citigroup and Bear Stearns, just as the FDIC dissolves failing small banks. It’s not quite what we’re looking for, yet — there is a lot of legislating left to do — but here’s what the measure really does.

· My Response to your commentary: Taibbi said “the measure WOULD HAVE given”. For someone who is supposed to be a professional journalist it appears you haven’t learned the fine art of reading.Try it before you criticize the work of an investigative journalist who obviously put a lot of time into his work for the benefit of the pubic. I know this may be tough for boot-lickers who are trying to court favor with Rahm and the rest of the White House.
Your commentary Mr. Fernhotz, in my opinion, is either “scoop envy” or you simply don’t understand how the Washington/Wall Street connection works. If it is the second then I’m surprised you are able to sell any of your work.
Tom O’Keefe
President, The National Association of Investment Professionals

By: cavegal

cavegal — Wed, 16 Dec 2009 09:49:01 +0000

The only error in the article was the proper naming of the correct Jamie Rubin. Which if you read this article you would know Taibbi apologized for.

By: Coal For Your Stocking « Findsen Law

Coal For Your Stocking « Findsen Law — Wed, 16 Dec 2009 06:43:29 +0000

[...] Matt Taibbi blogged his response to the Fernholz attack in the Prospect of his latest Rolling Stone piece on the dismal state of [...]

By: dtafs

dtafs — Wed, 16 Dec 2009 02:27:23 +0000

lol, boy did you manage to piss some people off.

Keep it up Taibi!

By: Lehman, Taibbi, others moonlighting in business journalism: Get it right - Paul Smalera - Living Through 1500 - True/Slant

Tue, 15 Dec 2009 23:11:16 +0000

[...] that they want to, without editorial oversight or judgment. Because fellow true/slant contributor Matt Taibbi is wrong about enough things that’s it’s getting to be hard for me to take him [...]