Texas Tech University

Rolling Stone Columnist and Reporter Surprises Rawls Classroom

November 8, 2012

November 8, 2012

Rolling Stone columnist and reporter, Matt Taibbi, made a surprise visit to Quepha Lynn's Intermediate I Accounting course this morning.

Students enrolled in the class are primarily pursuing a degree in either accounting or finance. Since the financial crisis of 2008, the a primary question coming from students and others is, what caused the crisis?

Matt Taibbi has investigated and reported extensively on this topic. He is an well-regarded writer and has the ability to break down complicated issues for readers and put them into context. Some of his best articles include "The Big Takeover," "Looting Main Street," "The Real Housewives of Wall Street," and "Wall Street's Naked Swindle".

Understanding the financial crisis includes having a good understanding of some basic accounting and finance concepts such as credit default swaps, collateralized debt obligations, interest rate swaps, LIBOR rates, repurchase agreements, and many others. Additional questions include how is Wall Street using these instruments, how are companies reporting these transactions in their financial statements, and how is all this related to the financial crisis?

Since 2008, Lynn's classes have regularly included extra credit assignments that require students to read Taibbi's articles among many others to keep informed about what is happening in the world of accounting and finance.