NewsTrust - All Rated Stories

Why Wall Street Should Stop Whining

Fri, 10 Feb 2012 00:00:00 -0800

Rolling Stone - By Matt Taibbi - Feb. 10 (Opinion) - When I read things like this I'm simultaneously amazed by two things. The first is the unbelievable tone-deafness of people who would complain out loud, during a time when millions of people around the country are literally losing their homes, that their bonuses - not their total compensation, mind you, but just their cash bonuses, paid in addition to their salaries and their stock packages - are barely enough to cover the mortgage payments for their new condos, the taxis they take when walking is too burdensome, and their girlfriends with expensive tastes. The second thing that amazes me is that Sherman is buying all this.

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One Town's War on Gay Teens

Sat, 04 Feb 2012 00:00:00 -0800

readersupportednews.org - By Sabrina Rubin Erdely - Feb. 04 (News Report) - Sam's death lit the fuse of a suicide epidemic that would take the lives of nine local students in under two years, a rate so high that child psychologist Dan Reidenberg, executive director of the Minnesota-based Suicide Awareness Voices of Education, declared the Anoka-Hennepin school district the site of a "suicide cluster," adding that the crisis might hold an element of contagion; suicidal thoughts had become catchy, like a lethal virus.

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Iowa: The Meaningless Sideshow Begins

Tue, 03 Jan 2012 00:00:00 -0800

Rolling Stone - By Matt Taibbi - Jan. 03 (Opinion) - The 2012 presidential race officially begins today with the caucuses in Iowa, and we all know what that means … Nothing. The race for the White House is normally an event suffused with drama, sucking eyeballs to the page all over the globe. Just as even the non-British were at least temporarily engaged by last year’s royal wedding, people all over the world are normally fascinated by the presidential race: both dramas arouse the popular imagination as real-life versions of universal children’s fairy tales. Instead of a tale about which maiden gets to marry the handsome prince, the campaign is an epic story, complete with a gleaming white castle at the end, about the battle to succeed to the king’s throne. Since the presidency is the most powerful office in the world, the tale has appeal for people all over the planet, from jungles to Siberian villages.

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The 'Squidding' of Goldman Sachs

Wed, 14 Dec 2011 00:00:00 -0800

readersupportednews.org - By Matt Taibbi - Dec. 14 (News Analysis) - Earlier Monday, about 300 protesters in squid costumes surged outside the offices of Goldman Sachs investment bank shouting, "We fry calamari!" and "Everyone pays their tax - everyone but Goldman, Sachs!"

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How the GOP Became the Party of the Rich

Wed, 09 Nov 2011 00:00:00 -0800

Rolling Stone - By Tim Dickinson - Nov. 09 (News Analysis) - The nation is still recovering from a crushing recession that sent unemployment hovering above nine percent for two straight years. The president, mindful of soaring deficits, is pushing bold action to shore up the nation's balance sheet.

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Occupy Wall Street: Washington Still Doesn't Get It

Wed, 26 Oct 2011 00:00:00 -0700

Rolling Stone - By Matt Taibbi - Oct. 26 (Opinion) - I'll have more coming out about this in a few days, but there have been two disgusting developments in the realm of plutcratic intervention on behalf

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The $2 Billion UBS Incident: 'Rogue Trader' My Ass

Thu, 15 Sep 2011 00:00:00 -0700

Rolling Stone - By Matt Taibbi - Sep. 15 (Investigative Report) - There is much hand-wringing in the financial press today as the UBS incident has reminded the whole world that all of the banks were almost certainly lying their asses off over the last three years, when they all pledged to pull back from risky prop trading.

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Apocalyptic GOP Is Dragging Us Into a Civil War

Mon, 12 Sep 2011 00:00:00 -0700

Rolling Stone - By Matt Taibbi - Sep. 12 (Opinion) - Lofgren's piece raises fascinating and terrifying questions about the future of our political system and the increasing possibility that we are headed toward something like a civil war, or a constitutional crisis. Lofgren, in describing the reasons for his defection from the Republican party, describes a Republican camp that increasingly acts not like a traditional peacetime political organization, but more like an apocalyptic cult or one of the authoritarian movements from early 20th century European history.

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How the Apocalyptic GOP Is Dragging Us Into a Civil War

Sat, 10 Sep 2011 00:00:00 -0700

Rolling Stone - Sep. 10 (Opinion) - Lofgren, in describing the reasons for his defection from the Republican party, describes a Republican camp that increasingly acts not like a traditional peacetime political organization, but more like an apocalyptic cult or one of the authoritarian

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Is the SEC Covering Up Wall Street Crimes?

Wed, 17 Aug 2011 00:00:00 -0700

Rolling Stone - By Matt Taibbi - Aug. 17 (Investigative Report) - Imagine a world in which a man who is repeatedly investigated for a string of serious crimes, but never prosecuted, has his slate wiped clean every time the cops fail to make a case. No more Lifetime channel specials where the murderer is unveiled after

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Climate of Denial

Wed, 22 Jun 2011 00:00:00 -0700

Rolling Stone - By Al Gore - Jun. 22 (Opinion) - Admittedly, the contest over global warming is a challenge for the referee because it's a tag-team match, a real free-for-all. In one corner of the ring are Science and Reason. In the other corner: Poisonous Polluters and Right-wing Ideologues.

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Michele Bachmann's Holy War

Wed, 22 Jun 2011 00:00:00 -0700

Rolling Stone - By Matt Taibbi - Jun. 22 (Investigative Report) - Close your eyes, take a deep breath, and, as you consider the career and future presidential prospects of an incredible American phenomenon named Michele Bachmann, do one more thing. Don't laugh.

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How Roger Ailes Built the Fox News Fear Factory

Mon, 30 May 2011 00:00:00 -0700

Rolling Stone - By Tim Dickinson - May. 30 (Special Report) - The onetime Nixon operative has created the most profitable propaganda machine in history. Inside America's Unfair and Imbalanced Network

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The People vs. Goldman Sachs

Fri, 13 May 2011 00:00:00 -0700

Rolling Stone - By Matt Taibbi - May. 13 (Editorial) - To recap: Goldman, to get $1.2 billion in crap off its books, dumps a huge lot of deadly mortgages on its clients, lies about where that crap came from and claims it believes in the product even as it's betting $2 billion against it. When its victims try to run out of the burning house, Goldman stands in the doorway, blasts them all with gasoline before they can escape, and then has the balls to send a bill overcharging its victims for the pleasure of getting fried.

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The People vs. Goldman Sachs

Wed, 11 May 2011 00:00:00 -0700

Rolling Stone - May. 11 (Opinion) - A Senate committee has laid out the evidence. Now the Justice Department should bring criminal charges.

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America's Nuclear Nightmare

Wed, 27 Apr 2011 00:00:00 -0700

Rolling Stone - By Jeff Goodell - Apr. 27 (Special Report) - The United States' nuclear reactors are old, faulty and dangerous — but regulators are ignoring the risks and boosting industry profits.

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The Stoner Arms Dealers: How Two American Kids Became Big-Time Weapons Traders And how the Pentagon later turned on them

Tue, 29 Mar 2011 00:00:00 -0700

Rolling Stone - Mar. 29 (News) - How two American kids became big-time weapons traders — until the Pentagon turned on them

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The Kill Team

Mon, 28 Mar 2011 00:00:00 -0700

Rolling Stone - By Mark Boal - Mar. 28 (Investigative Report) - How U.S. soldiers in Afghanistan murdered innocent civilians and mutilated their corpses – and how their officers failed to stop them. Plus: An exclusive look at the war crime photos censored by the Pentagon

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Another Runaway General: Army Deploys Psy-Ops on U.S. Senators

Thu, 24 Feb 2011 00:00:00 -0800

Rolling Stone - By Michael Hastings - Feb. 24 (Investigative Report) - The U.S. Army illegally ordered a team of soldiers specializing in "psychological operations" to manipulate visiting American senators into providing more troops and funding for the war, Rolling Stone has learned – and when an officer tried to stop the operation, he was railroaded by military investigators.

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Matt Taibbi: "Why Isn't Wall Street in Jail?"

Tue, 22 Feb 2011 00:00:00 -0800

Democracy Now - By Matt Taibbi, Amy Goodman - Feb. 22 (News Analysis) - "Nobody goes to jail,” writes Matt Taibbi in the new issue of Rolling Stone magazine. “This is the mantra of the financial-crisis era, one that saw virtually every major bank and financial company on Wall Street embroiled in obscene criminal scandals that impoverished millions and collectively destroyed hundreds of billions, in fact, trillions of dollars of the world's wealth." Taibbi explains how the American people have been defrauded by Wall Street investors and how the financial crisis is connected to the situations in states such as Wisconsin and Ohio.

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Why Isn't Wall Street in Jail?

Thu, 17 Feb 2011 00:00:00 -0800

Rolling Stone - By Matt Taibbi - Feb. 17 (News Analysis) - "Everything's fucked up, and nobody goes to jail. You can end the piece right there." Nobody goes to jail. This is the mantra of the financial-crisis era, one that saw virtually every major bank and financial company on Wall Street embroiled in obscene criminal scandals that impoverished millions and collectively destroyed hundreds of billions, in fact, trillions of dollars of the world's wealth — and nobody went to jail. Nobody, that is, except Bernie Madoff, a flamboyant and pathological celebrity con artist, whose victims happened to be other rich and famous people.

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The Giffords Tragedy: Is the Media Partly at Fault?

Wed, 12 Jan 2011 00:00:00 -0800

Rolling Stone - By Matt Taibbi - Jan. 12 (News Analysis) - To see that, all you have to do is attend almost any family gathering, where once-loving relationships have been completely lost because of the overheated right-left culture war. If real family relationships are being lost to this kind of political debate, if someone on TV can reach into your living room and break up your family without knowing anything about you or even knowing that you exist, that tells us that this mechanized mass-media rhetoric has been almost unimaginably successful at dehumanizing whole classes of people.

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The Crying Shame of John Boehner

Thu, 06 Jan 2011 00:00:00 -0800

Rolling Stone - By Matt Taibbi - Jan. 06 (Opinion) - John Boehner is the ultimate Beltway hack, a man whose unmatched and self-serving skill at political survival has made him, after two decades in Washington, the hairy blue mold on the American congressional sandwich. The biographer who somewhere down the line tackles the question of Boehner's legacy will do well to simply throw out any references to party affiliation, because the thing that has made Boehner who he is — the thing that has finally lifted him to the apex of legislative power in America — has almost nothing to do with his being a Republican.

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Courts Helping Banks Screw Over Homeowners

Wed, 10 Nov 2010 00:00:00 -0800

Rolling Stone - By Matt Taibbi - Nov. 10 (Special Report) - They certainly have no incentive to penetrate the profound criminal mysteries of the great American mortgage bubble of the 2000s, perhaps the most complex Ponzi scheme in human history — an epic mountain range of corporate fraud in which Wall Street megabanks conspired first to collect huge numbers of subprime mortgages, then to unload them on unsuspecting third parties like pensions, trade unions and insurance companies (and, ultimately, you and me, as taxpayers) in the guise of AAA-rated investments. Selling lead as gold, shit as Chanel No. 5, was the essence of the booming international fraud scheme that created most all of these now-failing home mortgages.

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Tea & Crackers

Tue, 28 Sep 2010 00:00:00 -0700

Rolling Stone - By Matt Taibbi - Sep. 28 (Opinion) - It's taken three trips to Kentucky, but I'm finally getting my Tea Party epiphany exactly where you'd expect: at a Sarah Palin rally.

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