By incentivizing Wall Street players to sniff out inefficient or corrupt companies and bet against them, short-selling acts as a sort of policing system; legal short-sellers have been instrumental in helping expose firms like Enron and WorldCom.
Matt TaibbiCreating legislation is a tough process. But watering down legislation? Strangling it with lawsuits and comment letters and blue-ribbon committees? Not so tough, it turns out.
Matt TaibbiThe problem with the Tea Party is that it's been used in a way that scares people into supporting an agenda that's counter to their own interests.
Matt TaibbiThe House Rules Committee is perhaps the free world's outstanding bureaucratic abomination - a tiny, airless closet deep in the labyrinth of the Capitol where some of the very meanest people on earth spend their days cleaning democracy like a fish.
Matt TaibbiMost people, when they imagine New England, think about old colonial homes, white houses with black shutters, whales, and sexually morbid WASPs with sensible vehicles and polite political opinions. This is incorrect. If you want to get New England right, just imagine a giant mullet in paint-stained pants and a Red Sox hat being pushed into the back of a cruiser after a bar fight.
Matt Taibbi