Matt Taibbi's Killer Takedown of Mitt Romney

By Laura Gottesdiener

September 5, 2012  |  It’s too bad he’s such a successful journalist, because it looks like Matt Taibbi would have made an incredible banker. He’s latest bet--that people would be willing to read a 8,000-word explanation of the business model of Bain Capital, Mitt Romney’s private equity firm--has paid of epically. As the September cover story of Rolling Stone, the article has already racked up 64,000 likes on facebook and an incensed army of readers who now know the secret to Romney’s “shimmering pearl of perfect political hypocrisy.”

Sure, Taibbi’s article saddled them with a dictionary-worth of industry acronyms that they’ve now got bouncing around in their brains, but who knows when someone’s going to put a gun to your head and demand to know the difference between a CDO and and an LBO? 

 

Well, actually, Taibbi says that time is now. According to the article, either we wise up to Romney’s game, or, as Romney himself warned, succumb to “a prairie fire of debt.”