Blog Postmortem: learning from the billionaire journalism model

Nathan Fuller

At least Matt Taibbi is writing again. He’s back with Rolling Stone, where he published ‘The $9 Billion Witness,’ an excellent account of Alayne Fleishman, the whistleblower JPMorgan Chase and the DOJ tried to silence:

This past year she watched as Holder’s Justice Department struck a series of historic settlement deals with Chase, Citigroup and Bank of America. The root bargain in these deals was cash for secrecy. The banks paid big fines, without trials or even judges – only secret negotiations that typically ended with the public shown nothing but vague, quasi-official papers called “statements of facts,” which were conveniently devoid of anything like actual facts.

And now, with Holder about to leave office and his Justice Department reportedly wrapping up its final settlements, the state is effectively putting the finishing touches on what will amount to a sweeping, industrywide effort to bury the facts of a whole…

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