VIDEO: Matt Taibbi & Atlantic Monthly's "Wall Street apologist" Megan McArdle square off

[Amerigo Vespucci]

May 15, 2011 04:30 AM
Matt Taibbi and Megan McArdle Square Off Over Potential Criminal Charges Against Goldman Sachs

By Heather



http://videocafe.crooksandliars.com/heather/matt-taibbi-and-megan-mcardle-square-over-off

Matt Taibbi has a new article on Rolling Stone on the recent hearings in the U.S. Senate and whether or not Goldman Sachs executives should be facing criminal trials or not in the wake of ongoing investigations into their part in the financial meltdown we went through a few years ago. CNN decided to bring in the Atlantic Monthly's Wall Street apologist Megan McArdle to debate Taibbi on Your Money.

I'm no financial expert and a lot of this stuff is over my head, but McArdle's arguments to me here seemed to be that all of these laws are just too terribly difficult to understand, therefore it's too difficult to figure out if they did anything wrong and to prosecute them, but the people they were selling these toxic assets to should have known better and understood what they were buying. Looks like a classic case of blame the victim to me.

[nashville_brook]

1. "complexity is the new opacity" -- or, no crime if i can't understand it.

while blaming the victim for not understanding an offering memo, she's also saying that you can't prosecute people b/c their crimes are too damn difficult to understand. so, which is it??

[Locrian]

2. right

her argument is basically - "it's complicated, money = good, fuck you".

[Vinnie From Indy]

3. McArdle is lying piece of shit!

I would not be surprised at all if Goldman has a slush fund to pay off "journalists" like her to fight their battles.

Her offerings are bullshit. Ezra Klein and a few others have posted articles about McArdle's less than honest work. The Atlantic should be ashamed to have her blog for them.