{"id":185420,"date":"2014-11-28T19:13:00","date_gmt":"2014-11-29T00:13:00","guid":{"rendered":"https:\/\/www.panix.com\/~msaroff\/40years\/2014\/11\/28\/demonstrating-why-matt-taibbi-is-the-only-credible-big-name-financial-reporter\/"},"modified":"2014-11-28T19:13:00","modified_gmt":"2014-11-29T00:13:00","slug":"demonstrating-why-matt-taibbi-is-the-only-credible-big-name-financial-reporter","status":"publish","type":"post","link":"https:\/\/www.panix.com\/~msaroff\/40years\/2014\/11\/28\/demonstrating-why-matt-taibbi-is-the-only-credible-big-name-financial-reporter\/","title":{"rendered":"Demonstrating Why Matt Taibbi is the Only Credible Big Name Financial Reporter\u2026\u2026\u2026"},"content":{"rendered":"

Case in point, perhaps the highest profile financial reporter in the United States, the New York Times<\/i>‘ Andrew Ross Sorkin, who has gotten the vapors over Elizabeth Warren’s opposition to the revolving door between Washington and Wall Street<\/a>:<\/p>\n

Wall Street stenographer Andrew Ross Sorkin of the New York Times complains this morning that Massachusetts Sen. Elizabeth Warren is making it harder for Wall Street veterans to take on government jobs overseeing the financial industry, calling the former Harvard law professor and longtime industry critic \u201cmisinformed\u201d in her opposition to investment banker Antonio Weiss\u2019 nomination to a key Treasury Department post.<\/p>\n

Weiss, President Barack Obama\u2019s nominee to be under secretary of Treasury for domestic finance, is currently head of global investment banking at Lazard, which advised Burger King on its merger with Canadian coffee and doughnut chain Tim Hortons \u2014 a so-called inversion that will help Burger King avoid taxes. Warren cited Lazard\u2019s work on inversions in explaining her opposition to Weiss\u2019 nomination, but Sorkin contends that her concerns are \u201cmisplaced.\u201d Sure, tax avoidance may have been \u201ca consideration\u201d in the BK-Tim Hortons deal, Sorkin concedes, but they weren\u2019t the \u201cprimary factor.\u201d At any rate, Weiss was \u201csimply as one of several advisers\u201d of the merger \u2014 hardly its mastermind.<\/p>\n

Sorkin \u2014 who has criticized some inversions in the past \u2014 apparently finds no fault with the Obama administration seeking to enlist Weiss even as it pledges to crack down on corporate tax avoidance schemes.<\/p>\n

While the inversion issue formed the crux of Sorkin\u2019s substantive defense of Weiss, Warren has also pointed to the nominee\u2019s financial industry background as a broad concern in itself.<\/p><\/blockquote>\n

Sorkin has been thoroughly captured by the financial industry, and he cannot be trusted to report on wrongdoing in the financial industry.<\/p>\n

It could be argued that his role never was to reporting on wrongdoing, but instead his job is to document the official actions of the banking sector.<\/p>\n

He reports on things like mergers, interviews CEOs, etc.<\/p>\n

Of course, if that IS<\/b> is real role, he is not a journalist. He is a stenographer.<\/p>\n","protected":false},"excerpt":{"rendered":"

Case in point, perhaps the highest profile financial reporter in the United States, the New York Times‘ Andrew Ross Sorkin, who has gotten the vapors over Elizabeth Warren’s opposition to the revolving door between Washington and Wall Street: Wall Street stenographer Andrew Ross Sorkin of the New York Times complains this morning that Massachusetts Sen. …<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[970,1004,974,1129,978,979],"tags":[],"class_list":["post-185420","post","type-post","status-publish","format-standard","hentry","category-corruption","category-finance","category-hack-journalism","category-journalism","category-politics","category-wanker"],"_links":{"self":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/185420"}],"collection":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/comments?post=185420"}],"version-history":[{"count":0,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/185420\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/media?parent=185420"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/categories?post=185420"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/tags?post=185420"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}