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The great American bubble machine - Goldman Sachs

Matt Taibbi of Rolling Stone provides details on how Goldman Sachs, from tech stocks to high gas prices, has engineered every major market manipulation since the Great Depression.

The worlds most powerful investment bank is a great vampire squid - Matt TaibbiAn article published last July in Rolling Stone anticipated the current controversy over financial giant Goldman Sachs.

"The first thing you need to know" about the company, reports Matt Taibbi, "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."

Tibbi goes on to document in detail the involvement in past and present financial bubbles that have led to widespread economic crises. The list includes:

#1 The Great Depression Bubble
#2 Tech Stocks Bubble
#3 The Housing Craze Bubble
#4 $4 a Gallon Gasoline
#5 Rigging the Bailout Bubble
#6 Global Warming and carbon credits

For the full story, see...

Links and sources
  Matt Taibbi on Youtube

Posted: May 06, 2010

Categories:
  News
  Voices of privatization

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