Daily Archives: August 2, 2009

The Great American Bubble Machine

 

Matt Taibbi
on how Goldman Sachs has engineered every major market manipulation since the
Great Depression.

In Rolling Stone Issue 1082-83, Matt Taibbi takes on
“the Wall Street Bubble Mafia” — investment bank Goldman Sachs. The piece has
generated controversy, with Goldman Sachs firing back that Taibbi’s piece is “an
hysterical compilation of conspiracy theories” and a spokesman adding, “We
reject the assertion that we are inflators of bubbles and profiteers in busts,
and we are painfully conscious of the importance in being a force for good.”
Taibbi shot back: “Goldman has its alumni pushing its views from the pulpit of
the U.S. Treasury, the NYSE, the World Bank, and numerous other important posts;
it also has former players fronting major TV shows. They have the ear of the
president if they want it.” Here, now, are excerpts from Matt Taibbi’s piece and
video of Taibbi exploring the key issues.

Tagged , , ,

Sylvia

Media_httpfarm4staticflickrcom3139280319498209a84ac75fjpg_ddflehzgjakfctm

by thesylvia

Tagged ,

Lomo Fun

Media_httpfarm4staticflickrcom35253764976604fd37863575jpg_iisgjvcgcarafbn

by thesylvia

Tagged ,