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23
Letters
Thursday, June 25, 2009 12:00 AM

Behind every bubble: Goldman Sachs

Rolling Stone launches a full-scale attack on the "giant vampire squid wrapped around the face of humanity"

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Thursday, June 25, 2009 12:16 PM

Actually..

Once you said it was in pdf form it took about 5 seconds. Thanks for that.

Thursday, June 25, 2009 12:27 PM

You don't have to be a ranting journalist

The juxtaposition of Goldman's housing short bets versus CDO sales were WSJ front page news 9 mos. ago - thanks for joining the party. What was not known until recently was that AIG TARP money was paying off the bets - so nice to know I'm making the down payment on someone's Hamptons house.

Thursday, June 25, 2009 12:31 PM

Wow, the powers that be are dishonest and have been screwing us all along

Let's give 'em some more money then to create a single payer health system. Yaaaay!

Suckers...

Thursday, June 25, 2009 12:45 PM

What really makes my blood boil...

...is that an attack in Rolling Stone is all that these criminals will ever suffer.

Thursday, June 25, 2009 12:47 PM

Bought and paid for

If Paulson preempted the financial crisis out of political/professional loyalty, (and poison the ground under the Democrats) why did Goldman give Obama so much money? Oh I get it they wanted to make sure they had his balls in the same noose that was holding Bush. One still suspects that if McCain had won, Goldman would have called the whole thing off, despite the rather large bet they made on the opposition. Oh I get it again, the bet on Obama was a hedged position, boy am I slow.

Thursday, June 25, 2009 01:14 PM

LOL, and people find out about it only now?

I think it's in one of my posts from months ago...

GOLDMAN SACHS MUST DIE!

They are evil incarnate and have tentacles into every piece of government. There will be no democracy in this country while GS is still a functioning entity.

Obama should make it so.

Thursday, June 25, 2009 01:21 PM

It's A Shame Matt Taibbi Is Such A Granstanding Douchebag

It almost makes me want to side with the fuckers at Goldman-Sachs. Fuck Matt Taibbi and fuck Goldman-Sachs, too!

Thursday, June 25, 2009 01:47 PM

Fuck Matt Taibbi

Taibbi is a communist idiot. Fuck Goldman Sachs too.

Thursday, June 25, 2009 02:02 PM

Hah!

Awesome. Matt Taibbi is awesome. How he ever managed to get into journalism is a bit of a shock to me.

I didn't think we permitted American journos to try to express the truth.

Can't say I'm surprised to see the ad-hominems from our free-marketeer dead-ender types. Thanks, guys, you're so refreshingly predictable!

Thursday, June 25, 2009 02:18 PM

Controlling the market

You control the market when you're too big to fail. Capitalism preaches the mantra of competition, but it is obviously a rigged game. Controlling the market, monopoly power, is the ever-present weak spot of capitalism, as has been learned and relearned and relearned bitterly over hundreds of years.

Anyone too big to fail is inherently a monopolist. Ipso facto. It's socialism of the rich. A pack of vipers scratching each other's backs. They claim they are necessary to the existence of the machine, but what is really necessary are faceless bureaucrats to make everyone play fair.

When you note how these too-big-to-fail groups are skimming off billions, it should make you stop and think that they're really not generating enough wealth to generate that kind of compensation. These massive salaries are only a symptom of the wealth hogging and monopolism going on.

Thursday, June 25, 2009 02:21 PM

"Obama should make it so." -- red_gti2000

Yes.

Please PLEASE PLEASE give more power to the executive branch. Obama needs more power, for do-gooding. Such power would never be abused by Obama or his successors.

Thursday, June 25, 2009 02:24 PM

Prosecute Paulson...Please

When Henry Paulson held high-level meeting with AIG Execs to dictate that the US Government would suddenly intervene, bail out the company and further define how both AIG's and the taxpayer funds would be directed to the creditors of the Insurance Company, he was, in fact, breaking every law on the books and taking action he had not authority to take. But Bern Bernanke was also there which made it legal. NO! The Fed did not have authority or juriosdiction over an insurance company. The State of New york did.

Back to the meeting. Henry was there, the AIG execs were there, Bernanke was therel, little snivelpuss Tim Geithner was there, I'm sure acting like a potted plant, and who else? The Management of Goldman Sachs! Why were they there?They had no standing for a government meeting with AIG, but then as I've already pointed out, neither did the other participants.

Henry Paulson then became his own self-appointed bankruptcy Judge and declared that AIG was either in dissolution or re-organization, take your pick.

A rational government would bring Paulson before the dock and demand that he explain what he was doing, and if he didn't have the authority to do so, lock has ass up and file charges.

But not this government. We already knew the total corruption of Bush Inc. but no we have an Attorney General who sits on his ass day after day re-arranging his paperweights. Where is this guy? What does he think he's supposed to be doing!?

America. More Broke, more corrupt, more divorced than ever from democracy.

Thursday, June 25, 2009 02:25 PM

Burning down the house

I'm not sure that it's completely fair to blame Goldman Sachs for being the primary facilitator of the...

If 10 houses burn down, and every time the fire trucks arrive the same guy is wandering around in the wreckage - and he doesn't have a torch in hand but he smells like gasoline - where should we start looking for a culprit?

Thursday, June 25, 2009 03:06 PM

@ blunderdog

You got me wrong on this one. Thanks for the "free marketer" compliment though. Not so sure how the "dead ender" fits in.

I really despise Goldman Sachs. They have made an industry of screwing the little guy. Another example - they have their own mutual funds. They're not for their "real" investors though. They sell them through banks accross the country. Selling the "goldman" brand name, i guess. Guess where they parked the most illiquid, worst performing MBS bonds? The ones that nobody would touch? They dumped them in the funds. Some of the worst performing fixed income funds last year were Goldman managed. It's slimy bullshit.

I stand by my "fuck Matt Taibbi" comment - that guy doesn't understand the most basic financial and business concepts - and he's a communist nimrod.

Thursday, June 25, 2009 03:37 PM

John Kenneth Galbraith wrote about Goldman Sachs

One of the chapters in The Great Crash 1929 is titled "In Goldman Sachs We Trust". It tells the tale of the investment trusts they sold at the end of the Roaring Twenties, and the horrible losses they inflicted on their investors.

Thursday, June 25, 2009 04:01 PM

Scorpio69er

What really makes my blood boil is that an attack in Rolling Stone is all that these criminals will ever suffer.

And yet, the only hope the country had was for Obama to challenge the banksters, as Roosevelt did. Obama isn't going to do that. There are a number of possible reasons why, each of them ugly.

Government Sachs is known to be one of the larger public faces of the trillionaire families who own the world. It's believed GS is so powerful that they could literally walk up to the government and demand trillions of dollars, no questions asked, and they could get it.

Some people believe this has already happened.

I like Matt but I wish he wouldn't pull his punches. He doesn't tell half of what he really knows. For the real story, particularly the background, one has to go to people like Carroll Quigley. Then it becomes clear that the present economic crisis is only one of a continuing history of such crises and that the real truth stares out from the abyss.

Bits and pieces of what's really going on with the trillionaire caste do come out once in a while, but these incidents are regularly dismissed as hoaxes and conspiracy theories because that's what the world's owners want:

http://www.fourwinds10.com/siterun_data/government/new_world_order/news.php?q=1245892029

BTW, I'm expecting the economy to collapse some more before the end of the year, once the population has had time to become accustomed to their new circumstances.

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