NewsTrust - Most Recent 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.

NewsTrust Rating: 4.2 average - 3 Reviews » - Review It Visit NewsTrust | About | Sign Up | Disclaimer

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.

NewsTrust Rating: 4.5 average - 7 Reviews » - Review It Visit NewsTrust | About | Sign Up | Disclaimer

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.

NewsTrust Rating: 4.4 average - 3 Reviews » - Review It Visit NewsTrust | About | Sign Up | Disclaimer

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!"

NewsTrust Rating: 3.8 average - 4 Reviews » - Review It Visit NewsTrust | About | Sign Up | Disclaimer

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.

NewsTrust Rating: 4.5 average - 8 Reviews » - Review It Visit NewsTrust | About | Sign Up | Disclaimer

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

NewsTrust Rating: 4.0 average - 9 Reviews » - Review It Visit NewsTrust | About | Sign Up | Disclaimer

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.

NewsTrust Rating: 4.2 average - 5 Reviews » - Review It Visit NewsTrust | About | Sign Up | Disclaimer

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.

NewsTrust Rating: 3.9 average - 3 Reviews » - Review It Visit NewsTrust | About | Sign Up | Disclaimer

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

NewsTrust Rating: 4.0 average - 4 Reviews » - Review It Visit NewsTrust | About | Sign Up | Disclaimer

Covering Up Wall Street Crimes: Matt Taibbi Exposes How SEC Shredded Thousands of Investigations

Tue, 23 Aug 2011 00:00:00 -0700

Democracy Now - By Matt Taibbi - Aug. 23 (Investigative Report) - An explosive new report in Rolling Stone magazine exposes how the U.S. Securities and Exchange Commission destroyed records of thousands of investigations, whitewashing the files of some of the nation’s largest banks and hedge funds, including AIG, Wells Fargo, Lehman Brothers, Goldman Sachs, Bank of America and top Wall Street broker Bernard Madoff. Last week, Republican Sen. Chuck Grassley of Iowa said an agency whistleblower had sent him a letter detailing the unlawful destruction of records detailing more than 9,000 information investigations. We speak with Matt Taibbi, the political reporter for Rolling Stone magazine who broke this story in his latest article, "Is the SEC Covering Up Wall Street Crimes?" [Transcript to come. Check back soon.]

NewsTrust Rating: Not rated yet - See Info » - Review It Visit NewsTrust | About | Sign Up | Disclaimer

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

NewsTrust Rating: 4.4 average - 6 Reviews » - Review It Visit NewsTrust | About | Sign Up | Disclaimer

A Rosa Parks Moment: Climate Activist Tim DeChristopher Sentenced to Prison

Thu, 28 Jul 2011 00:00:00 -0700

Rolling Stone - By Jeff Goodell - Jul. 28 (Opinion) - Once in a while, the moral insanity of the world we live in reveals itself to anyone who cares to look. One such moment came yesterday afternoon, when 27-year-old Tim DeChristopher was sentenced to two years in prison for disrupting a federal auction of oil and gas leases in 2008.

NewsTrust Rating: 4.2 average (not enough reviews) - See Reviews » - Review It Visit NewsTrust | About | Sign Up | Disclaimer

Greed, Excess and America's Gaping Class Divide

Sun, 17 Jul 2011 00:00:00 -0700

readersupportednews.org - By Matt Taibbi, - Jul. 17 (News Analysis) - 'Courtesy of good friend and Supreme Court of Assholedom justice David Sirota comes this revolting list of Marie Antoinettoid moments from recent years, in an article called The New 'Let Them Eat Cake!'

NewsTrust Rating: 4.3 average (not enough reviews) - See Review » - Review It Visit NewsTrust | About | Sign Up | Disclaimer

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.

NewsTrust Rating: 4.0 average - 4 Reviews » - Review It Visit NewsTrust | About | Sign Up | Disclaimer

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.

NewsTrust Rating: 3.9 average - 9 Reviews » - Review It Visit NewsTrust | About | Sign Up | Disclaimer

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

NewsTrust Rating: 4.5 average - 9 Reviews » - Review It Visit NewsTrust | About | Sign Up | Disclaimer

Goldman Sachs Executives Lied To Their Customers And Congress

Tue, 17 May 2011 00:00:00 -0700

Rolling Stone - By Henry Blodget, Matt Taibbi - May. 17 (Interview) - Taibbi argues that Goldman Sachs executives lied when they testified in front of Congress in the aftermath of the crisis. Unlike other commentators who grouse about how Wall Street execs should be tossed in jail, Taibbi actually provides specifics. He takes quotes from some of the Goldman execs who testified, including CEO Lloyd Blankfein and CFO David Viniar, and then juxtaposes them with what he believes to be the truth at the time.

NewsTrust Rating: 4.1 average (not enough reviews) - See Reviews » - Review It Visit NewsTrust | About | Sign Up | Disclaimer

The Fight Over Fracking: Josh Fox vs. Big Gas

Tue, 17 May 2011 00:00:00 -0700

Rolling Stone - By Alexander Zaitchik - May. 17 (News Report) - One afternoon in early April, Josh Fox sits in a caf near his Brooklyn home and unfurls a peculiar map of the United States.

NewsTrust Rating: 4.2 average (not enough reviews) - See Reviews » - Review It Visit NewsTrust | About | Sign Up | Disclaimer

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.

NewsTrust Rating: 4.2 average - 5 Reviews » - Review It Visit NewsTrust | About | Sign Up | Disclaimer

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.

NewsTrust Rating: 4.1 average - 3 Reviews » - Review It Visit NewsTrust | About | Sign Up | Disclaimer

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.

NewsTrust Rating: 4.0 average - 15 Reviews » - Review It Visit NewsTrust | About | Sign Up | Disclaimer

America's Shadow Budget

Wed, 13 Apr 2011 00:00:00 -0700

readersupportednews.org - By Matt Taibbi, - Apr. 13 (Investigative Report) - 'Most Americans know about 'the budget'. What they don't know is that there is another budget of roughly equal heft, traditionally maintained in complete secrecy. After the financial crash of 2008, it grew to monstrous dimensions, as the government attempted to unfreeze the credit markets by handing out trillions to banks and hedge funds. And thanks to a whole galaxy of obscure, acronym-laden bailout programs, it eventually rivaled the 'official' budget in size - a huge roaring river of cash flowing out of the Federal Reserve to destinations neither chosen by the president nor reviewed by Congress, but instead handed out by fiat by unelected Fed officials using a seemingly nonsensical and apparently unknowable methodology

NewsTrust Rating: 4.7 average (not enough reviews) - See Reviews » - Review It Visit NewsTrust | About | Sign Up | Disclaimer

Why Is the Fed Bailing Out Qaddafi?

Fri, 01 Apr 2011 00:00:00 -0700

readersupportednews.org - By Matt Taibbi - Apr. 01 (Investigative Report) - 'Barack Obama recently issued an executive order imposing a wave of sanctions against Libya, not only freezing Libyan assets, but barring Americans from having business dealings with Libyan banks. So raise your hand if you knew that the United States has been extending billions of dollars in aid to Qaddafi and to the Central Bank of Libya, through a Libyan-owned subsidiary bank operating out of Bahrain. And raise your hand if you knew that, just a week or so after Obama's executive order, the US Treasury Department quietly issued an order exempting this and other Libyan-owned banks to continue operating without sanction.' Matt Taibbi, Rolling Stone

NewsTrust Rating: 4.4 average (not enough reviews) - See Review » - Review It Visit NewsTrust | About | Sign Up | Disclaimer

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

NewsTrust Rating: 3.7 average - 8 Reviews » - Review It Visit NewsTrust | About | Sign Up | Disclaimer

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

NewsTrust Rating: 4.3 average - 12 Reviews » - Review It Visit NewsTrust | About | Sign Up | Disclaimer