The $9 Billion Witness: Meet JPMorgan Chase's Worst Nightmare | Rolling Stone. She tried to stay quiet, she really did. But after eight years of keeping a heavy secret, the day came when Alayne Fleischmann couldn't take it anymore. "It was like watching an old lady get mugged on the street," she says. "I thought, 'I can't sit by any longer.'" Fleischmann is a tall, thin, quick-witted securities lawyer in her late thirties, with long blond hair, pale-blue eyes and an infectious sense of humor that has survived some very tough times. Featured News From Fleischmann is the central witness in one of the biggest cases of white-collar crime in American history, possessing secrets that JPMorgan Chase CEO Jamie Dimon late last year paid $9 billion (not $13 billion as regularly reported – more on that later) to keep the public from hearing.
Back in 2006, as a deal manager at the gigantic bank, Fleischmann first witnessed, then tried to stop, what she describes as "massive criminal securities fraud" in the bank's mortgage operations. Jamie Dimon (Photo: Bloomberg/Getty) The Inside Story Of Matt Taibbi's Departure From First Look Media. Matt Taibbi, who joined First Look Media just seven months ago, left the company on Tuesday. His departure—which he describes as a refusal to accept a work reassignment, and the company describes as a resignation—was the culmination of months of contentious disputes with First Look founder Pierre Omidyar, chief operating officer Randy Ching, and president John Temple over the structure and management of Racket, the digital magazine Taibbi was hired to create. Those disputes were exacerbated by a recent complaint from a Racket employee about Taibbi’s behavior as a manager. The departure of the popular former Rolling Stone writer is a serious setback for First Look in its first year of operations.
One year later, First Look still has only one such magazine, The Intercept. Omidyar has publicly and privately pledged multiple times that First Look will never interfere with the stories produced by its journalists. That letter led to lengthy and often heated discussions. Photo: Richard Renaldi. Another March to War? | Matt Taibbi. Evil Corporate Tax Holiday Gains Bipartisan Support | Rolling Stone Politics | Taibblog | Matt Taibbi on Politics and the Economy. Rick Perry vs. Ben Bernanke: Round One | Rolling Stone Politics | Taibblog | Matt Taibbi on Politics and the Economy.
Corporate Tax Holiday in Debt Ceiling Deal: Where's the Uproar? | Rolling Stone Politics | Taibblog | Matt Taibbi on Politics and the Economy. Matt Taibbi on Democracy Now!: Bank of America Fraud. Matt Taibbi - Taibblog - Fareed Zakaria's Manifesto. Deep down we all have a Puritan belief that unless they suffer a good dose of pain, they will not truly repent. In fact, there has been much pain, especially in the financial industry, where tens of thousands of jobs, at all levels, have been lost.
But fundamentally, markets are not about morality. They are large, complex systems, and if things get stable enough, they move on.via Zakaria: A Capitalist Manifesto | Newsweek Business | Newsweek.com. From a distance I’ve always vaguely admired the skills of Newsweek’s Fareed Zakaria, who is maybe this country’s preeminent propagandist. Wheras most writers grow up dreaming of using their talents to stir up the passions, to inflame and amuse and inspire, Zakaria shoots for the opposite effect, taking controversial and explosive topics and trying to help rattled readers somehow navigate their way through them to yawns, lower heart rates, and states of benign unconcern.
Gosh it sucks that the crisis happened, but it’s not as bad as people say. #F29 OWS - Matt Taibbi's Teach-In at Bryant Park, NYC (Part 1 of 4) Matt Taibbi: "Why Isn't Wall Street in Jail?" (Complete Interview) Matt Taibbi @ Rolling Stone. Thank You, Rolling Stone | BLOG ENTRY Today is my last day at Rolling Stone. As of this week, I’m leaving to work for First Look Media, the new organization that’s already home to reporters like Glenn Greenwald, Jeremy Scahill and Laura Poitras.
I’ll have... February 20, 2014 10:35 AM ET Ex-Morgan Stanley Chief Jams Foot in Mouth, Complains of CEO Abuse | BLOG ENTRY There's a ton of interesting stuff going on in the Wall Street sphere of late – I'm trying to find some time to do a proper write-up of the extraordinary lawsuit just filed by the Better Markets... February 13, 2014 5:30 PM ET The Vampire Squid Strikes Again: The Mega Banks' Most Devious Scam Yet | ARTICLE Call it the loophole that destroyed the world. It's 1999, the tail end of the Clinton years. While the rest of America obsesses over... February 12, 2014 11:00 AM ET Latest Health Care Flap Shows Media at its Most Boring | BLOG ENTRY There's a reason why people hate politics in this country.