Friday, March 27, 2009

The Big Takeover

The current financial crises is wrecking havoc on American lives and finances. The pain we New Yorkers are feeling is especially acute, as the unemployment rate here clearly show. City Jobless Rate Takes Highest-Ever One-Month Leap

Nasty times. But how did it happen? The worst part about this whole thing is that so many of us, yours truly included, don't understand how this economic/financial crises cum depression came to be! How did this happen? What happened? How is it that no one saw it coming? What's this all about?

Matt Taibbi rides to the rescue. The best reporter working in America today, Tabbi's latest Rolling Stone article The Big Takeover explains exactly how this economic tragedy came to be. As always, the writing is sharp, funny, and dead-on -- and Tabbi actually makes it so that a big dope like me can understand the various machinations, hubris, and just plain ol' stupidity that led to disaster.

This article has been getting a lot of attention lately (Tabbi's been getting interviewed all over the place about it and Don Imus even said it deserves a Pulitzer). Mr NYC has been a huge fan of Matt Taibbi's for a long time and even bumped into him last year (which you can read about here).

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