Posted on 07/13/2009 12:15:17 PM PDT by RobinMasters
Goldman Sachs is expected to report record profits this week. Rolling Stone's Matt Taibbi calls the giant investment bank a "vampire squid," and notes how many Goldman alumni were involved in last year's financial bailout, which benefitted the firm. Taibbi concludes:
It's early June in Washington, D.C. Barack Obama, a popular young politician whose leading private campaign donor was an investment bank called Goldman Sachs - its employees paid some $981,000 to his campaign - sits in the White House. Having seamlessly navigated the political minefield of the bailout era, Goldman is once again back to its old business, scouting out loopholes in a new government-created market with the aid of a new set of alumni occupying key government jobs.
(Excerpt) Read more at spectator.org ...
“First you have to sell your soul...”
How do I determine fair market value? Does UBS also do that? Is there some sort of futures market for souls? I’ll be they’ll be worth more in the near to distant future...
Here is the Rolling Stone story. You really must read it. It’s 7 pages long, so make sure you are mentally prepared.
By the way, there are a few curse words in the piece, but the Goldman Sachs slime buckets deserve it.
http://www.rollingstone.com/politics/story/29127316/the_great_american_bubble_machine
I think you are right on the money.
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