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Matt Taibbi

 
October 18, 2009

Matt Taibbi - Taibblog – There’s always room for Goldman Sachs (at the SEC) - True/Slant

There’s always room for Goldman Sachs (at the SEC)

The Securities and Exchange Commission hired a 29-year-old former employee in Goldman Sachs Group Inc.’s business intelligence unit as the first chief operating officer in the agency’s enforcement division, according to people familiar with the decision.

via SEC unit hires ex-Goldman Sachs worker as chief operating officer — latimes.com.

Could life get any better? Really, aren’t things just about as good as they can possibly get at this point?

via trueslant.com

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Filed under  //   Financial System   Goldman Sachs   Matt Taibbi  

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September 25, 2009

Matt Taibbi - Taibblog – Congressman who went werewolf on me now spooks Fed officials - True/Slant

via trueslant.com

Oh, man. This is so great. This guy Grayson is a lawyer's lawyer. He makes the other guy - the General Counsel of the Fed no less - squirm and wish he were somewhere else. Anywhere else.

I think the accusation he is making - "front running" - is that somewhere down the line the Fed executes trades through retail brokers. And these retail brokers, just before they push the Fed's order through, execute an order of their own so they benefit from the Fed's trade. They trade "in front" of the Fed order. This is insider trading of the highest order - and Grayson wants the right to audit these transactions.

Fascinating. And read Taibb's complete post for an entertaining story about his own encounter with Grayson.

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Filed under  //   Congress   Dan Grayson   Federal Reserve   Matt Taibbi  

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