The world according to Rolling Stone

I saw Rolling Stone reporter Mike Taibbi on Rachel Maddow's show last night talking about his piece on the implosion of AIG -- or "patient zero" as he calls it -- and its impact on the economy. It sounded interesting, and it is ... sorta.

It's an amalgam of left-wing pabulum, revisionist history, and snarky humor.  But sadly, underneath it, lies more than a kernel of truth about how Wall Street was able to create these financial weapons of mass destruction -- collateralized debt obligations and credit default swaps -- and unleash them on unsuspecting investors.

It's definitely worth a read.

Comments

[mitch]

Taibbi is one of the best. His gigs on Real Time with Bill Maher makes for some great TV.