Matt Taibbi, The Great American Bubble Machine. Rolling Stone, From the Archives Issue 1082, 9 July 2009. (Dated 5 April 2010 online.) “From tech stocks to high gas prices, Goldman Sachs has engineered every major market manipulation since the Great Depression–and they’re about to do it again…. The first thing you need to know about Goldman Sachs is that it’s everywhere. The world’s most powerful investment bank is a great vampire squid wrapped around the face of humanity, relentlessly jamming its blood funnel into anything that smells like money. In fact, the history of the recent financial crisis, which doubles as a history of the rapid decline and fall of the suddenly swindled dry American empire, reads like a Who’s Who of Goldman Sachs graduates.”
July 9, 2009
The Great American Bubble Machine: Goldman Sachs
July 9, 2009 Filed Under: Banking, Corporations, Ethics, Law, Politics Tagged With: "laddering", "spinning", aig, alan greenspan, bear stearns, cap-and-trade, carbon credit market, collateralized debt obligations, credit default swaps, eliot spitzer, gary gensler, global warming, goldman sachs, henry paulson, housing bubble, internet bubble, investment trusts, larry summers, lehman brothers, lloyd blankfein, mark patterson, merrill lynch, nicholas maier, robert rubin, securities and exchange commission, sidney weinberg, the great depression