TDI Podcast 118: Matt Taibbi on Goldman Sachs (GS)
July 19, 2009 11:59 pm
Guest: Matt Taibbi, Rolling Stone Magazine comes on to discuss his article about the evils of Goldman Sachs (GS). We explore his rationale as well as his reasoning for the article. If you have not read it yet, this is an episode you do not want to miss. Plus, plenty of stock ideas and an in depth review of what may be a hidden gem. (It will surprise you)
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Rolling Stone contributor Matt Taibbi, graduated from Bard College in New York in 1991; finished his studies at Leningrad Polytechnichal University in Russia. (LINK to Rolling Stone Article – HERE)
Taibbi worked as a freelance reporter in the former Soviet Union, including a stint in Uzbekistan, from whence he was deported in 1992 after writing an article for the Associated Press that was critical of President Islam Karimov. He returned to the United States in 1994 and worked for a time as an investigator in a Boston-based private detective agency.
In 1995 he went back to Russia and eventually resettled in Moscow, where he founded, with writer Mark Ames, an English-language satire newspaper called the eXile. eXile earned a reputation for hard-nosed reporting of corruption both in Russian government and the American aid community. The paper was the only publication to correctly predict the 1998 Russian financial crisis. In conjunction with the Russian paper Stringer, for whom Taibbi wrote in Russian, the eXile also wiretapped the telephone of Kremlin Chief of Staff Alexander Voloshin in 2001.
Taibbi returned to the U.S. for good in 2002 and founded the Buffalo-based newspaper The Beast. He left that paper a year later to work as a columnist for the New York Press, and eventually as a contributing editor for Rolling Stone.
Taibbi won the 2008 National Magazine Award for Columns and Commentary for three columns he wrote in Rolling Stone, “Worse Than Bush”; “My Favorite Nut Job”; and “Obama’s Moment.” His New York Press column on George Bush’s prewar press conference, “Cleaning the Pool,” was included in the Best Political Writing 2003 anthology, and a year later he was named one of the 35 most influential New Yorkers under 35 by the New York Observer.
In his first original book, The Great Derangement, Taibbi dives into the heart of the American psyche in a madcap journey that brings into focus life in the American Empire, right here, right now.
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Stocks mentioned in this episode: Goldman Sachs (GS), Bank of America (BAC), JP Morgan (JPM), General Electric (GE), Cintas (CTAS), Intel (INTC), Microsoft (MSFT), Google (GOOG), Apple (AAPL) and more….
3rd Quarter Economic Review and Commentary – Email Laura HERE for free your copy.
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Disclosure: Horowitz & Company clients may hold positions in stocks mentioned as of the publish date.
** Special thanks to Laura for getting this interview arranged**