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The only reason investors haven't run screaming from an obviously corrupt financial marketplace is because the government has gone to such extraordinary lengths to sell the narrative that the problems of 2008 have been fixed.
Matt Taibbi
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Matt Taibbi
Age: 54
Born: 1970
Born: March 2
Author
Editorial Columnist
Journalist
Writer
Matthew C. Taibbi
Matthew Taibbi
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Extraordinary
Investors
Havens
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Haven
Narrative
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Sell
Gone
Fixed
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Sells
Screaming
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Obviously
Marketplace
Government
Financial
Corrupt
More quotes by Matt Taibbi
The party in power almost always unapologetically engages in deficit spending, while the other party argues passionately against the evils of debt and deficits.
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Obviously, people who commit crimes should be punished. Even people who steal socks and 'Snow White' videos should probably do time if they have priors, especially serious priors. But the punishment has to fit the crime, and the standard has to be the same for everyone.
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The print magazine and print journalism industry is obviously in a great deal of trouble, and one of the things that happened when this business started to give way to the Internet and to broadcast television is that a lot of organizations started cutting specifically investigative journalism and they also started cutting fact-checkers.
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People are beginning to become disturbingly comfortable with a kind of official hypocrisy. Bizarrely, for instance, we've become numb to the idea that rights aren't absolute but are enjoyed on a kind of sliding scale.
Matt Taibbi
I'm a product of an East Coast liberal arts educational system.
Matt Taibbi
For the broadcast business to be successful, viewers need to be not merely interested in our political melodramas, they have to be in an absolute state about them - emotionally invested in the outcome and frightened not to watch what happens next.
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Mike Huckabee represents something that is either tremendously encouraging or deeply disturbing, depending on your point of view: a marriage of Christian fundamentalism with economic populism.
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The race for the White House is normally an event suffused with drama, sucking eyeballs to the page all over the globe.
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Since the end of the Cold War, America has been grasping left and right for an identity.
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Everything in America is so uniform. In Russia, everywhere you go is completely insane.
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Conspiracy theorists of the world, believers in the hidden hands of the Rothschilds and the Masons and the Illuminati, we skeptics owe you an apology. You were right. The players may be a little different, but your basic premise is correct: The world is a rigged game.
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Washington politicians basically view the People as a capricious and dangerous enemy, a dumb mob whose only interesting quality happens to be their power to take away politicians' jobs... When the government sees its people as the enemy, sooner or later that feeling gets to be mutual. And that's when the real weirdness begins.
Matt Taibbi
If anything, the bailouts actually hindered lending, as banks became more like house pets that grow fat and lazy on two guaranteed meals a day than wild animals that have to go out into the jungle and hunt for opportunities in order to eat.
Matt Taibbi
The failure to work out sensible budgets makes it impossible for government agencies to make long-term plans, and instead leaves them scrambling to spend money in the short term.
Matt Taibbi
There are times when American politics seems like little more than two groups in a fever to prevent each other from trespassing upon their respective soothing versions of unreality
Matt Taibbi
There are some who think that the government is limited in how many corruption cases it can bring against Wall Street, because juries can't understand the complexity of the financial schemes involved. But in 'U.S.A. v. Carollo,' that turned out not to be true.
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Comparing your family budget to the sovereign debt of the United States is a little like comparing two kindergartners tossing a paper airplane to the Apollo 11 mission.
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Being in the building with Sarah Palin that night is a transformative and oddly unsettling experience. It’s a little like having live cave-level access for the ripping-the-heart-out-with-the-bare-hands scene in Indiana Jones and the Temple of Doom.
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I was a bit of a troubled kid growing up, let's put it that way. I didn't take pleasure in hard work.
Matt Taibbi
You win the modern financial-regulation game by filing the most motions, attending the most hearings, giving the most money to the most politicians and, above all, by keeping at it, day after day, year after fiscal year, until stealing is legal again.
Matt Taibbi