April 1, 2009

Did I Say Matt Taibbi Rocks?

I know this is the 4th or 5th time I've written about Matt Taibbi recently, but he deserves the plaudits. This is just a quick post linking to Dusty's piece on Matt at The Sirens Chronicles.

The relevant links in her piece are captured in the opening paragraph of her post:

Matt’s latest [blog] piece is a wonderful bitchslap of the AIG carpetbaggers. He is responding to the recent NYT OpEd by one of their employees…actually former employee. Executive VP Jake DeSantis.
Matt catches Jake in a contradiction:

let's just say, Jake, that you're telling the truth, that you don't know anything about this toxic portfolio. If that's the case, then why the fuck does anyone need to retain you at an exorbitant salary to help unwind that very portfolio? If these transactions aren't and never were your expertise, then where the hell is your value here?

When I spoke to Christine Pretto, the AIG spokeswoman, and asked about those bonuses, she said that AIG needed to retain people like you in order to take advantage of your "knowledge of these transactions." So if you don't have knowledge of these transactions, what are you being paid for? Your winning attitude?

Matt doesn't usually swear that much in his columns for Rolling Stone Magazine... I guess he's a little pissed off... like the rest of us would be if we understood how seriously we've been bamboozled by the inside-crowd.


No comments: