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NEW: Rolling Stone Article Out Today Takes Harsh Look at Raimondo

Thursday, September 26, 2013

 

A new article by Matt Taibbi takes a scathing look at pension reform in Rhode Island.

A new article in Rolling Stone today by Matt Taibbi entitled, "Looting the Pension Funds," takes a harsh look at Rhode Island General Treasurer Gina Raimondo and pension reform in the state.

Taibbi, who has penned such articles as, "How Wall Street Killed Financial Reform" and "Bank of America: Too Crooked to Fail," writes:

The rap was so convincing at first that the overwhelmed local burghers of her little petri-dish state didn't even know how to react. "She's Yale, Harvard, Oxford – she worked on Wall Street," says Paul Doughty, the current president of the Providence firefighters union. "Nobody wanted to be the first to raise his hand and admit he didn't know what the f--k she was talking about."

Raimondo, elected as the state's General Treasurer in 2010, is currently in the field polling for a potential gubernatorial run in 2014, following Mayor Angel Taveras' survey conducted last week, testing the waters as well.

Read the article here.

Matt Taibbi is a contributing editor for Rolling Stone, and the author of five books and a winner of the National Magazine Award for commentary.  

In April, Taibbi took a look at Third Point Capital's head Dan Loeb, and wrote a scathing indictment of the financial head's competing political connections in a piece entitled, "Dan Loeb Simultaneously Solicits, Betrays Pension Funds."

 

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