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Quote by Matt Taibbi

“Amendments occupy a great deal of most legislators' time, particularly those lawmakers in the minority. Members of Congress do author major bills, but more commonly they make minor adjustments to the bigger bill.”

Quote by Matt Taibbi

Book:Smells Like Dead Elephants: Dispatches from a Rotting Empire

Work

Smells Like Dead Elephants: Dispatches from a Rotting Empire

This book is a compilation of essays that delve into the multifaceted nature of a fictional empire in decline, examining its social, political, and cultural aspects from diverse perspectives. more

Author

Matt Taibbi is an American author known for his critical reporting on the financial industry. His work often exposes corruption and injustice within the financial sector and is widely recognized for his sharp commentary. more

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“By creating an urgent crisis that can only be solved by those fluent in a language too complex for ordinary people to understand, the Wall Street crowd has turned the vast majority of Americans into non-participants in their own political future.”

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“By incentivizing Wall Street players to sniff out inefficient or corrupt companies and bet against them, short-selling acts as a sort of policing system; legal short-sellers have been instrumental in helping expose firms like Enron and WorldCom.”

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“Candidates don’t want to be associated with poor people, people who have jobs or are ugly; they want to be associated with a certain middle class demographic, so as a result they leave those others out completely.”

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“Comparing your family budget to the sovereign debt of the United States is a little like comparing two kindergartners tossing a paper airplane to the Apollo 11 mission.”

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“Creating legislation is a tough process. But watering down legislation? Strangling it with lawsuits and comment letters and blue-ribbon committees? Not so tough, it turns out.”

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“Criminal justice, as it pertains to the Goldmans and Morgan Stanleys of the world, is not adversarial combat, with cops and crooks duking it out in interrogation rooms and courthouses. Instead, it's a cocktail party between friends and colleagues who from month to month and year to year are constantly switching sides and trading hats.”

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Author:Matt Taibbi

“For the broadcast business to be successful, viewers need to be not merely interested in our political melodramas, they have to be in an absolute state about them - emotionally invested in the outcome and frightened not to watch what happens next.”

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“George Bush and John Ashcroft were religious in a scary way, but the rational among us could always take heart that, deep down, the Bush administration was more cynical than messianic.”

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“I didn't know Michael Hastings very well, but one thing about him was always obvious - he was born to be in the news business, he loved it, he was made for it. He wrote about Iraq and Afghanistan as places he had always been destined to visit.”

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“If anything, the bailouts actually hindered lending, as banks became more like house pets that grow fat and lazy on two guaranteed meals a day than wild animals that have to go out into the jungle and hunt for opportunities in order to eat.”

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