I just received this month’s copy of Rolling Stone Magazine in the mail.
I never read RS in the 70’s, 80’s or 90’s. However, that has changed. I discovered that their political reports are informative and quite revealing in a way that mainstream (read… corporate) media avoids.
I look forward to yet another great expose by journalist Matt Taibbi.
“Earned” is a very generous way to put it.
Editor’s note: The following is a transcript of a Democracy Now! interview with Rolling Stone contributing editor Matt Taibbi, whose recent article in the magazine gets to the bottom of Mitt Romney’s enormous wealth.
A new article by reporter Matt Taibbi in Rolling Stonesheds light on the origin of his fortune, revealing how Romney’s former firm, Bain Capital, used private equity to raise money to conduct corporate raids. Matt Taibbi writes, quote, “what most voters don’t know is the way Mitt Romney actually made his fortune: by borrowing vast sums of money that other people were forced to pay back. This is the plain, stark reality that has somehow eluded America’s top political journalists for two consecutive presidential campaigns: Mitt Romney is one of the greatest and most irresponsible debt creators of all time,” Taibbi writes. He goes on to say, “In the past few decades, in fact, Romney has piled more debt onto more unsuspecting companies, written more gigantic checks that other people have to cover, than perhaps all but a handful of people on [planet] Earth.”
Well, Matt Taibbi joins us now, contributing editor for Rolling Stone magazine. His most recent in-depth piece called “Greed and Debt: The True Story of Mitt Romney and Bain Capital,” author of the book also, Griftopia: A Story of Bankers, Politicians, and the Most Audacious Power Grab in American History.
- Rolling Stone & Its Left Hand Man; Matt Taibbi (thefashionofwords.com)
- Decision 2012 – Matt Taibbi: Romney Hypocrite to Decry Debt Problem (hulu.com)
- Mitt Romney’s great hypocrisy: Matt Taibbi explains how Romney got rich off debt at Bain (current.com)
- Matt Taibbi Reveals How Romney Made His Fortune — It Ain’t Pretty, and He Shouldn’t Be Proud of It (alternet.org)
- Matt Taibbi Explains Romney’s Wealth (slog.thestranger.com)