greenwald it's already started the intercept it looks great i look at it every day and now you matt taibbi runs a real star in monitoring wall street and the political. nonsense in washington d.c. that makes the wall street scandals possible and he's going to be heading up another on line magazine as part of the first what media this is exciting and you know i taught my journalism classes over here if we could college for years i'd say i wish there would be a billionaire who would put up some money set up something and say i'm getting out of the way you journalist run things and we don't know how it's going to turn out at first look media but it's looking pretty good at first what the guy who owns it has indicated in the past that he's rather libertarian in his world view do you think that that's going to leak into the coverage the way that we're seeing apparently on amazon b c in the you know and lack of any coverage of comcast yeah well again i i don't think glenn greenwald i don't think if your idea is to buy media or star media so you can buy a seat in the direction of corporations the

which is part of all media ours first look media organization and now rolling stone journalist matt taibbi has followed in their footsteps announcing last week that he will soon start his own site within first look media into its web site first with media provides original independent journalism. could it soon become just as biased as traditional mainstream media outlets joining me now for more on this is jeff cohen media critic critic and founder of fair and accuracy in reporting. as well as the author of several books and jeff called welcome back great to be with you thanks joe so what's your take on first look media and the intercept and thrilled that i'm seeing the best journalists in the country investigative journalists like jeremy scahill joining when greenwald it's already started the intercept it looks great i look at it every day now you matt sorry beat it's a real star in monitoring wall street and the political. nonsense. in washington d.c. that makes the wall street scandals possible and he's going to be heading up another on line magazine as part of the first media this is ex

max kaiser matt taibbi is out with another piece and features prominently goldman sachs and this is the headline the vampire squid strikes again the mega banks most devious scam yet banks are no longer just financing heavy industry they are actually buying it up and inventing bigger bolder and scarier scams than ever now this is the fallout from the financial services modernization act of one nine hundred ninety nine also known as the graham least bliley act now that overturned glass steagall of course but it also legalized new forms of monopoly allowing banks to merge with heavy industry a tiny provision in the bill also permitted commercial banks to delve into any activity that is quote complimentary to a financial activity now at the time that this was pushed it was first pushed by j.p. morgan and they said in congressional testimony they compared this complimentary financial activity to something like american express which which publishes the travel and leisure magazine it would just be something like that just complementing each other well we're saying this relationship between ba

truth about goldman sachs tentacles of fraud and deception never never never stacey max kaiser matt taibbi is out with another piece and features prominently goldman sachs and this is the headline the vampire squid strikes again the mega banks most devious scam yet banks are no longer just financing heavy industry they are actually buying it up and inventing bigger bolder and scarier scams than ever now this is the fallout from the financial services modernization act of one nine hundred ninety nine also known as the graham least bliley act now that overturned glass steagall of course but it also legalized new forms of monopoly allowing banks to merge with heavy industry a tiny provision in the bill also permitted commercial banks to delve into any activity.