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This article's a complete whitewash, of course, being about as pro-Wall Street as a monocle salesman.

Notorious leftist wingnut Matt Taibbi wrote a post about it: http://www.rollingstone.com/politics/blogs/taibblog/why-wall...



Matt Taibbi's is the only person I've encountered who consistently writes something on this subject that resembles reality, and I consider myself to be very conservative.

The mainstream media's lack of coverage (or poor coverage at best) of this subject has been shameful.

Prediction: all of this supposed austerity on Wall Street will be very short lived.


I would not bet against your prediction. The political propaganda machine is on their side.


I don't think the original article was particularly pro-Wall Street. It was saying that Wall Street was changing, that it would shrink and there would be less money around.

It attributed most of this to the Dodd-Frank act _but_ it didn't say that this was entirely a bad thing, it didn't state that it would be the end of the United States.

If anything I would say the original article was vaguely anti-Wall Street, the quotes chosen for the article portray the bankers as being rich, conceited and of dubious value to society.

My reading of the rolling stone article conveyed fewer facts and a significantly greater proportion of opinion.


It's not that the NY Mag article was particularly pro-Wall Street. It's that it wasn't anti-Wall Street enough. The Wall Street types quoted in NY Mag blamed financial reform for their declining revenues, when (as Taibbi points out) it's actually the European crisis that's doing it.

Taibbi writes with a fairly angry tone, but he's got the facts to back up the bombast (and those facts are plentiful in his post).




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