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Matt Taibbi During Reddit AMA: Breaking Up Banks 'Should Be The Holy Grail Of Activist Goals'

huffingtonpost.comFebruary 7, 2013

By Jillian Berman

Calling all activists! Calling all activists! Matt Taibbi has a cause for you to rally around.

The progressive darling and Rolling Stone contributor said that breaking up the banks “should be the Holy Grail of activists goals” in an Ask Me Anything on Reddit Thursday.

“Again, to repeat, breaking up the banks is the big thing,” he typed to Reddit users. “That should be the Holy Grail of activist goals. Everything flows from the TBTF problem. If that can be accomplished, we're off and running.”

It’s no surprise that Taibbi is pushing for an end to TBTF -- that stands for too big to fail, by the way -- it’s been a pet peeve of his for some time. He joins a variety of other big names in finance, including famed author Michael Lewis and Britain’s Treasury Chief George Osbourne, in calling for an end to an era in which banks are so huge their collapse could bring down the economy.

But the real beauty of Taibbi’s AMA was that the readers, who hang on his every word about Wall Street and government corruption, got to see him wax poetic about what’s in his bathroom, his college days and some of the funniest behind-the-scenes moments in his career. It’s true, Taibbi’s AMA didn’t break the internet like President Obama’s, but it offered some fun tidbits, here are a few of our favorites:

Taibbi confirms that he once threw coffee at James Verini, an editor at Vanity Fair. Verini claimed that the tussle came after he said he didn’t like Taibbi’s book. Taibbi said that wasn’t the case:

“I absolutely did throw coffee at James Verini and it had nothing to do with him not liking my book. Let's leave it at that for now.”

Taibbi explains how he managed to not die while producing a subversive English-language newspaper in Russia:

“Purely by accident.”

Taibbi reveals what you can read while you’re sitting on his toilet:

“‘The Price of Power’ is always in my bathroom.”

As well as his ideal Supreme Dictator name:

“Interior Minister”

In a less surprising revelation, Taibbi also shared that he liked college and pointed us to Google for more information on that topic:

“Loved Bard, wrote an article last year about it.”

Taibbi told Redditers the story of how he once met author and journalist Hunter Thompson on the phone, while he was editing an anthology of Gonzo journalism:

"I was broke and needed the job. So I called Hunter to ask him what he thought. He said, 'That's a shitty assignment.' I told him I probably agreed. He said, 'How badly do you need the money?' I said, 'Badly.' He said, 'Well, good luck, but I'm not going to help you with it. No offense.'"

And finally he told Redditers what he would be writing about if it wasn’t for Vampire Squids ruining the world and such:

“I could write ten books about the NFL draft”

Back to February 2013 Archive

CFLA was founded by the Nation's Leading Foreclosure Defense Attorneys back in 2007 to serve the Foreclosure Defense Industry and fight pervasive Bank Fraud. Since opening our virtual doors, CFLA has rapidly expanded to become the premier online legal destination for small businesses and consumers. But as the company continues to grow, we're careful to hold true to our original vision. For us, putting the law within reach of millions of people is more than just a novel idea—it's the founding principle, just ask Andrew P. Lehman, J.D.. With convenient locations in Houston and Los Angeles, you can contact Our National Account Specialist and General Manager / Member Damion W. Emholtz at 888-758-2352 for a free Mortgage Fraud Analysis or to obtain samples of work product, including cutting edge Bloomberg Securitization Audits, Litigation Support, Quiet Title Packages, and for more information about our Nationally Accredited and U.S. Department of Education Approved "Mortgage Securitization Analyst Training Certification" Classes (3 days) 24 hours for approved CLE & MCLE Credit (Now Available Online).

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