Matt Taibbi Calls Andrew Ross Sorkin The 'Most Credulously Slobbering Financial Reporter On The Planet'

Matt Taibbi Calls Andrew Ross Sorkin The 'Most Credulously Slobbering Financial Reporter On The Planet'

Matt Taibbi isn't letting CNBC host and New York Times columnist Andrew Ross Sorkin off the hook for letting Sandy Weill off the hook.

Taibbi, the Rolling Stone writer famous for his scathing profile of Goldman Sachs slammed CNBC for the way its pundits treated former Citigroup chairman and CEO Weill last week when he told Sorkin on CNBC's "Squawk Box" that it might be time to “split up investment banking from banking.”

Weill is perhaps the founding father of the too-big-to-fail banking system and is responsible for creating the Citi behemoth by combining Citibank, Travelers and Salomon Brothers in the 1990s. Taibbi criticizes Sorkin for not explicitly calling out Weill on his stunning about-face.

Instead of hitting Weill with “some version of, ‘Dude, are you high? You invented Too Big To Fail!’” Taibbi notes that Sorkin, who is editor-at-large of the Times's DealBook site, follows up Weill’s epic pronouncement with a “triple-qualified” question that didn’t even hint at the ex-CEO’s huge role in creating an environment that encouraged banks to become gigantic and discouraged lawmakers from stopping them. Not to mention that Weill’s position circa 1990, which he walked back on live television, set the financial system up for a major crisis.

Taibbi, pulls no punches in his blog post, calling Sorkin: “The single most credulously slobbering financial reporter on the planet.”

full story: http://www.huffingtonpost.com/2012/08/01/matt-taibbi-andrew-ross-sorkin_n_1730599.html
This isn’t the first time Taibbi’s picked a fight with the DealBook editor. In a blog post from last year titled “The Times’ Andrew Ross Sorkin Gives Goldman A Rubdown,” Taibbi slams one of Sorkin’s NYT columns, arguing that it “reads like it was written by the bank's marketing department.” Taibbi also points out that Dealbook signed a sponsorship agreement with Goldman in November 2010.