The facts may speak for themselves, but someone still has to put them into an article so that we will read them. If it requires inserting a few hyperbolic statements along the way, I'm willing to accept this.
There's better reporting out there on how we found ourselves in this situation.
Try "All The Devils Are Here" which is a much better accounting of the circumstances that led to the financial crisis. In short, there isn't one player, or even one industry, that's responsible. There is plenty of blame to go around and at least part of that blame lies with the public. There are also lots of innocent parties that have been caught up in this mess and are being blamed even though they had nothing to do with the crisis.
Taibbi's articles reflect the bias of his audience and he writes to that bias. Somewhere along that path, he obscures the facts (or omits important ones that dont jibe with his argument) in order to write his story. That actually hinders the transparency, which inhibits understanding, which lowers the chance we'll take the right corrective action.
Try "All The Devils Are Here" which is a much better accounting of the circumstances that led to the financial crisis. In short, there isn't one player, or even one industry, that's responsible. There is plenty of blame to go around and at least part of that blame lies with the public. There are also lots of innocent parties that have been caught up in this mess and are being blamed even though they had nothing to do with the crisis.
Taibbi's articles reflect the bias of his audience and he writes to that bias. Somewhere along that path, he obscures the facts (or omits important ones that dont jibe with his argument) in order to write his story. That actually hinders the transparency, which inhibits understanding, which lowers the chance we'll take the right corrective action.