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Inside The Great American Bubble Machine
Rolling Stone ^ | July 2, 2009 | Matt Taibi

Posted on 08/05/2009 11:35:06 AM PDT by Stayfree

Goldman positions itself in the middle of a speculative bubble, selling investments they know are crap. Then they hoover up vast sums from the middle and lower floors of society with the aid of a crippled and corrupt state that allows it to rewrite the rules in exchange for the relative pennies the bank throws at political patronage. Finally, when it all goes bust, leaving millions of ordinary citizens broke and starving, they begin the entire process over again, riding in to rescue us all by lending us back our own money at interest, selling themselves as men above greed, just a bunch of really smart guys keeping the wheels greased. They've been pulling this same stunt over and over since the 1920s — and now they're preparing to do it again, creating what may be the biggest and most audacious bubble yet.

(Excerpt) Read more at rollingstone.com ...


TOPICS: Business/Economy
KEYWORDS: goldmansachs; manipulation; market; wallstreet
One of Goldman's ex-programmers recently was arrested because he had made a copy of Goldman's trading software and sent it to a server in Germany. The prosecutor has said that in the wrong hands, the software could be used to manipulate markets...NOW WHO WOULD DO A THING LIKE THAT?
1 posted on 08/05/2009 11:35:06 AM PDT by Stayfree
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To: Stayfree

From what I understand, Goldman is a big liberal contributor.

So talk to Obama if you want to bitch...


2 posted on 08/05/2009 11:38:46 AM PDT by Tzimisce (No thanks. We have enough government already. - The Tick)
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To: Stayfree

rolling stone is obscene. It’s always been obscene. It was obscene last night when this paranoid rant was first posted, and it’s still obscene today.


3 posted on 08/05/2009 11:41:05 AM PDT by the invisib1e hand (The revolution IS being televised.)
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To: Stayfree
I guess the old hippies at Rolling Stone were too high when the memo came about Goldman Sachs being in bed wih the libtards to screw the rest of the country. Just wait, there will be an "Oh, THOSE greedy bankers. OUR greedy bankers." LOL. p>

Μολὼν λάβε


4 posted on 08/05/2009 11:47:48 AM PDT by wastoute (translation of tag "Come and get them (bastards)" and the Scout Motto)
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To: the invisib1e hand

...RS hates capitalism...always has...despite the fact that Jann Wenner has gotten very wealthy in the capitalist system...personally I’ve done very well on my GS shares...you can too...why try to choose between slots or craps?...the answer is to own the casino.


5 posted on 08/05/2009 11:49:39 AM PDT by STONEWALLS
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To: Tzimisce

I am not complaining because I have made a lot of money doing the opposite of what Goldman Sachs tells the public. I merely posted the article so that others can benefit from such knowledge.


6 posted on 08/05/2009 11:51:37 AM PDT by Stayfree (REWARD FOR OBAMA'S BIRTH CERTIFICATE.COM)
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To: STONEWALLS
despite the fact that Jann Wenner has gotten very wealthy in the capitalist system...

Capitalism's loudest critics are often its greatest beneficiaries/exploiters.

7 posted on 08/05/2009 12:19:00 PM PDT by the invisib1e hand (The revolution IS being televised.)
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To: Stayfree

Countdown to Anti-Semitism....

5, 4, 3, 2, ......


8 posted on 08/05/2009 12:19:24 PM PDT by Uncle Miltie (It's the spending, stupid!)
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To: Uncle Miltie
Countdown to Anti-Semitism.... 5, 4, 3, 2, ......

No, the problem is not the name of the bank. The problem is that GS people are Ferengi in disguise.


9 posted on 08/06/2009 3:20:26 PM PDT by ding_dong_daddy_from_dumas (Obama's multi- trillion dollar agenda would be a "man caused disaster")
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To: Stayfree
I am not complaining because I have made a lot of money doing the opposite of what Goldman Sachs tells the public. I merely posted the article so that others can benefit from such knowledge.

The Taibbi-Goldman debate is not that easy to understand.

Taibbi has written some despicable things about Palin's family, and I wouldn't be surprised if he has some grudge against wealthy people in general.

Goldman donated $1M to Obama in the 2008 election. It lobbies for Crap and Trade, and is very seriously preparing to pick everyone else's pockets via "carbon credits."

Would I trust Taibbi's judgment in political issues? Hell no. He makes some very compelling points about Goldman and ex-Goldman people in government though, as does Glenn Beck.

10 posted on 08/06/2009 3:46:29 PM PDT by ding_dong_daddy_from_dumas (Obama's multi- trillion dollar agenda would be a "man caused disaster")
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To: Stayfree

>> I am not complaining because I have made a lot of money doing the opposite of what Goldman Sachs tells the public. I merely posted the article so that others can benefit from such knowledge.

Most seem not to be interested in any article that takes longer than a couple of minutes and two brain cells to read.

Ask yourself why people today act so much tamer than those of the 60s. It’s not just busy little bees in that bank. No matter what the truth, the titanic is slow to steer. Gas will go up even though demand is down, and fools on here will call you a commie ‘coz they’re just too dumb to get it.


11 posted on 08/23/2009 7:31:37 AM PDT by a_Turk (Temperance, Fortitude, Prudence, Justice)
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