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« Peasants Storm The Castle - Hundreds Of Activists Descend On JPM Chase Shareholders Meeting | Main | Meanwhile Your Civil Liberties Are Under Siege In Indiana »

Video: Matt Taibbi Vs. Wall Street Apologist Megan McArdle On Goldman Sachs Criminal Behavior

Read the transcript...

Corrupt enterprise nirvana.  You're guilty, everyone knows it, and no prosecution. Geithner took care of that with Cuomo, secretly, in 2008, in the name of system stability.  Bill Black is writhing in the throes of a wretched death spiral.

What about Anton Valukas - you remember the Chicago lawyer handling the $600 billion Lehman bankruptcy - 2 years within the bowels of Dick Fuld's Repo 105 nut sack ought to qualify him for special financial prosecutor.  Eric Holder is a dipshit, have we mentioned that lately.  

Obankster, listen up.  Wanna get reelected... Then tell Holder to name a Special Wall Street Prosecutor.  Now.





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Reader Comments (15)

Romney phone bank raises $10.25M in a single day


too bad he's going to lose...
May 17, 2011 at 2:55 AM | Registered CommenterDailyBail
Funny how this Megan wannabe-WS-shill thinks she's gonna get somethin' outta them WS men (or women...) if she BS' for them. GS and WS, they are ruthless to people like this Megan femme and will rip her up until she's Stockholm syndromed on acid. WS isn't about friends or enemies, it's just about sucking up to them or whomever has the most. That's why they are gutless and secretive toward Main Street. I'm not impressed with this Matt dude, but it seems like he has sort of a grip on half the picture regarding WS. He should go off a little harder... Not. Rolling Stone won't allow it.
May 17, 2011 at 6:17 AM | Unregistered Commenterbo2
In a nutshell:

MCARDLE: ... I haven’t read the disclosure documents personally.

TAIBBI: I have.

Said elsewhere: "Does Chicago Booth School of Biz award MBA's just for showing up?" One can't help but wonder.

McArdle is a horrible and obvious fraud. Please make her go away. This world needs more Matt Taibbis.
May 17, 2011 at 9:09 AM | Unregistered CommenterSomething Polish
SP, I'm pretty sure ALL B schools award MBA's just for showing up (and ponying up the outrageous tuition). I still laugh when I think about this post of yours from a couple years back.

DB wrote: "Megan McArdle chimed in uselessly as well"

Something Polish: Has Ms. McArdle ever chimed in in any other manner?
May 17, 2011 at 9:58 AM | Registered CommenterDr. Pitchfork


Agreed re Valukas. Bankruptcy Judge Peck called his report "one of the most extraordinary pieces of work product I have ever encountered." Valukas' experience as a federal prosecutor makes him the logical choice to head a new Pecorah Commission. (Full disclosure: I'm a former law partner of Tony's but did not work on the LEH bk report.)


Earlier this year I met a bright U of C MBA student. He opined that Bernanke was doing a good job. I reeled off 5 Bernanke predictions gone horribly wrong and asked for even 1 he got right. I pressed him on why, since he couldn't I.D. a single good call, he held Ben B. in such high regard. Turns out he was just parroting his professors.
May 17, 2011 at 1:22 PM | Unregistered CommenterCheyenne
Memo to: All
Date: May 16, 2011
Re: M-squared

McArdle will no longer be doing TV. The Business desk is moving her personals to the basement, and maintenance is providing her with a can of Raid to help with our bug problem. Also, the desk editor is checking with Penn and Booth to confirm degrees.

If you see MM in the office, please wish her well in her new position.

Thank you.
The Atlantic
May 17, 2011 at 1:32 PM | Unregistered CommenterJosie
nicely done, josie...

polish...i think of you whenever i see mcardle clips, and look for any reason possible to post them based on the sarah palin theory of public exposure...

cheyenne...i think it's going to become a new theme around here...pushing for the appt. of a special wall street prosecutor...i suggested it to ratigan's staff last week and they are going to help the push...or lead it rather, considering their reach, though the idea was mine...i will be brining back some of the valukas/lehman stories...
May 17, 2011 at 3:53 PM | Registered CommenterDailyBail

It's a worthy cause, and Valukas is the man. And he's practical. He was all over Moneyball, Michael Lewis' book that more than amply that outsider know far more about the game of baseball than insiders, what with their old wives tales that are utterly belied by the evidence. Sound familiar?
May 17, 2011 at 5:13 PM | Unregistered CommenterCheyenne
well the politicians won,t pursue this Esp. the ones ,well how can i put it can,t bite the hand that feeds them .whats going to be funny is watching all the rats desert the ship ..don,t know why there worried they won,t be punished anyway .no politician has the balls accept maybe Ron Paul but they,ll ignore him .none of them can point fingers without incriminating themselves .its a vicious circle for sure we,ll see what happens. my bet is it,ll all be swept under the rug..remember to big to fail, to big to jail too ..
May 17, 2011 at 6:52 PM | Unregistered CommenterIKE1952
Remember the Florida Judge who used 'rocket dockets' regarding foreclosures?

Florida Judge Resigns!

May 18, 2011 at 8:53 AM | Unregistered Commenterjohn
How safe are your savings?



Replogle trusted his broker, a friend whom he had known since he was nine. The Replogles lost every penny of the $130,000 they invested in the notes when Lehman went bust in September, 2008.

“There was no mention of Lehman Brothers,” Replogle said. “I felt UBS deceived us. You can’t sell a guaranteed product and not guarantee it.”

UBS neither admitted nor denied that it was involved in wrongdoing, even though it was fined a paltry $2.5 million by the securities industry self-regulator FINRA on April 11 and ordered to pay $8.25 million in restitution for “omissions and statements that effectively misled investors.” UBS sold about $1 billion of these dogs.

Comment: Part 1 ( 1.5 minutes)


Part 2 (1.5 minutes)

May 18, 2011 at 9:19 AM | Unregistered Commenterjohn
thanks john...
May 18, 2011 at 11:30 AM | Registered CommenterDailyBail
cheyenne...considering you worked for Valukas' firm, would you want to write a post on why he should be special wall street prosecutor...you could also start to build some hype around your movie...
May 18, 2011 at 11:33 AM | Registered CommenterDailyBail

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