Matt Taibbi notes the CNBC "debate" recently between Janet Tavakoli and Rick Santelli about predatory lending. "You can't cheat an honest man," Santelli, master of the video-scoff, proclaims. "This whole scene sort of encapsulates what's wrong with the Tea Party movement," Taibbis says. "The movement, and let's admit this, has some of its roots in leg
Matt Taibbi takes a look at the role naked short-selling has played in the crisis, and in particular the stance Goldman Sachs has taken with the practice. "Naked short-selling is a kind of counterfeiting scheme in which short-sellers sell shares of stock they either don't have or won't deliver to the buyer."