DEFINITION of 'Matt Taibbi'
Matt Taibbi is a liberal author, columnist and political commentator. He is best known for his July 2009 article "The Great American Bubble Machine" for Rolling Stone magazine, in which he described Goldman Sachs as a "great vampire squid wrapped around the face of humanity, relentlessly jamming its blood funnel into anything that smells like money." It was expanded in 2010 into a book entitled "Griftopia: Bubble Machines, Vampire Squids, and the Long Con That Is Breaking America."
BREAKING DOWN 'Matt Taibbi'
The son of former NBC news reporter Mike Taibbi, Matt Taibbi was born in 1970 and grew up in the Boston, Massachusetts, area. The younger Taibbi spent a year and a half studying at Saint Petersburg Polytechnical University in Russia, and graduated from Bard College in Annandale-on-Hudson, New York, in 1992. He spent several years as a reporter for the English-language Moscow Times before joining the satirical bi-weekly "The eXile," which was primarily aimed at the expatriate population in Russia.
Taibbi co-founded a satirical bi-weekly called The Beast in Buffalo, New York, in 2002 but left after several years to focus on writing. He freelanced for The Nation, Playboy and New York Press before becoming a contributing editor and regular columnist for Rolling Stone in 2005. Taibbi briefly left Rolling Stone in 2014 to join First Look Media's planned anti-corruption publication The Racket, but returned to Rolling Stone when management disputes led to the publication's cancellation.
He reported on the 2008 U.S. Presidential election for HBO's "Real Time With Bill Maher" and has been a frequent guest on MSNBC's "The Rachel Maddow Show."
Financial and Political Writing
Taibbi developed a strong interest in the then-developing financial market crisis while covering the 2008 election for Rolling Stone and Real Time. His July 2009 "vampire squid" article for Rolling Stone has been widely quoted, and was expanded into his successful book "Griftopia," which examined the background of the economic collapse, the bailout and Goldman Sachs' role in it. He went on to report and write extensively for Rolling Stone on the LIBOR price-fixing scandal in 2012 and 2013, describing it as potentially the biggest fraud in history.
Taibbi's 2014 book "The Divide: American Injustice in the Age of Wealth" examines the increasing concentration of wealth in the United States at a time when crime has gone down sharply while the prison population has doubled. He contrasts fraud by the extremely wealthy with stories of ordinary people caught up in the criminal justice system. His other books include "The Great Derangement: A Terrifying True Story of War, Politics, and Religion," the essay collection "Smells Like Dead Elephants: Dispatches From a Rotting Empire" and the 2004 Presidential election memoir "Spanking the Donkey: Dispatches From the Dumb Season."