Taibbi Strikes Again

Monday, November 09, 2009


Matt Taibbi, the author of the controversial article on Goldman Sachs' market manipulation, is at it again with a brilliant piece published a few weeks ago. In "Wall Street's Naked Swindle", Taibbi raises some serious questions about the power of naked shorting and the ability for some to effect the rapid deterioration in the stock prices of target companies. His expose includes detailed accounts of the trading seen in the stocks of Bear Stearns and Lehman Brothers prior to bankruptcy and even raises some conspiratorial evidence of the Fed's involvement in choosing the winners and losers of the crisis.

Taibbi's article is worth the read!


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