Quote from: Stampbit on April 26, 2013, 04:33:58 PM

Quote from: hugolp on April 26, 2013, 07:29:39 AM

Quote from: 100x on April 26, 2013, 02:00:55 AM

http://www.rollingstone.com/politics/news/everything-is-rigged-the-biggest-financial-scandal-yet-20130425

Anyone read this article yet? I wish I was more well versed in finance/global economics so I could fully appreciate this scope of this, but even with my limited understanding this seems so unbelievably crazy. How have we not developed any ways to transparently and accurately report these all-important metrics? Blows my mind.

Also: I have heard that Matt Taibbi can be somewhat biased in his reporting, if anyone has more neutral sources please post!!

The problem with Matt Taibbi is not that he is biased (he is), the problem is that he has no idea about finance and very little understanding of economics. He just puts shit together to sound sensationalist, but most of the times he is just plain wrong, not even wrong because of bias, just wrong because of lack of knowledge. But since he writes well and in general people dont have understanding of finance neither, people eat it.

There's been alot of comments on other threads for this article like this, but not one of them has ever made any attempt to point out exactly what he was wrong about.

Sorry I like to read about economics and finance, I dont lose my time with sensationalism. Youll have to find someone else to read the article and point to you why Matt Taibbi is just sensationalism.