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Matt Taibbi vs. Megan McArdle: Water for Billionaires

This is too good not to post. Rolling Stone‘s Matt Taibbi and his Randoid nemesis from The Atlantic Megan McArdle were both on “CNN Your Money” together over the weekend, discussing whether Goldman Sachs officials should be prosecuted for their role in the implosion of the global economy–and the collapse of the Southern California real estate market.

These two have sparred before, but never on TV together. Interesting to see just how glib and shameless McArdle comes across onscreen, carrying water for the richest criminals in the world.

Taibbi writes this of their encounter:

“I will leave it to the reader to figure out how exact a correlation there might be between a bank that sells a multibillion-dollar pool of mortgages to a client with whom it has an written contractual commercial agreement – an agreement struck under the umbrella of an extensive series of securities laws – and two magazines that have absolutely no business relationship whatsoever.”

Read this if you have no idea what he’s talking about.

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