The Great American Bubble Machine

Pauly
Pauly Posts: 4,519
edited July 2009 in The Clubhouse
http://www.rollingstone.com/politics/story/29127316/the_great_american_bubble_machine/

Long but good read.

Might come across as Political but its not.

If its not appropriate then mods please delete.

I just thinks its good insight as to the power of the bank.

Amazed,
Pauly
Life without music would♭
Post edited by Pauly on
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Comments

  • AudioGenics
    AudioGenics Posts: 2,567
    edited July 2009
    author is obviously biased negative on GS
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  • Pauly
    Pauly Posts: 4,519
    edited July 2009
    jvc wrote: »
    author is obviously biased negative on GS

    Well after reading that my eyebrow is raised. If half of that is true then put me in the "negative" catagory as well....

    Pauly
    Life without music would♭
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  • obieone
    obieone Posts: 5,077
    edited July 2009
    Just because half of the people in power now came from GS doesn't automatically indicate shenanigans, does it?
    I refuse to argue with idiots, because people can't tell the DIFFERENCE!
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  • SKsolutions
    SKsolutions Posts: 1,820
    edited July 2009
    Their 'secret' super fast trading code got itself misappropriated a couple of weeks ago.

    '"The bank has raised the possibility that there is a danger that somebody who knew how to use this program could use it to manipulate markets in unfair ways,"

    Umm, let me get this straight. If someone knows how to use the GS code, they could use it to manipulate the market in unfair ways? Does Goldman know how to use it's own code? . . . Those that were alleging that things were Madoffy-too-good-to-be true and that GS was front-running it's own clients, have something to point to now.

    Matt's follow up-
    http://trueslant.com/matttaibbi/2009/07/16/on-goldmans-giganto-profits/

    His books are great too, talented writer, title below-
    Smells like Dead Elephants: Dispatches From a Rotting Empire -Matt Taibbi
    -Ignorance is strength -
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  • potee
    potee Posts: 610
    edited July 2009
    Well if we had any one in Washington that was for the people by the people this crap wouldn't be going on. But they make promise's just to get in and then its how much can they get from dealing. The hell with those that voted for me.
    Our goverment is one of the most corrupt in the world. Just look at whats going on now. If you work they want your money for those to lazy to work or are illegal and don't pay taxes.
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