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POPSMatt Taibbi: Why Isn't Wall Street in Jail? It isn't simply because the banksters have better lawyers that they're not all rotting in a cell... Its because the entire system is corrupt. The wealthy created the laws and the system which they've manipulated to rob the world of trillions of dollars and now say it is the working class that have to suffer. Apparently, it is all these "entitlements" and not the criminal fraud of Wall Street that is too blame. The sad thing is that many working and middle class people believe this lie.
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POPSSheep in Wolf's clothing? It's the end of the grading period, and I'm too swamped to keep up to date on all the Heath Care Reform hyperbole--although I do want to go through and understand the plan...next week. But this blurb by Matt Taibbi capsulizes one aspect of the whole clusterfuck that bothers me.
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POPSMatt Taibbi: Obama Baited And Switched Us, And Let Wall Street Take Over The White House ROLLING STONE'S Matt Taibbi Exposes Obama's Wall Street's Inner Circle, Pays Particular Homage To Robert Rubin Matt Taibbi gives an in-depth presentation unmasking the Wall Street crony advisors that whisper in the President's ear daily, the political push-pull that ended up gifting Tim Geithner his current job, as well as an analysis of the brains behind it all- former Goldmanite, Robert Rubin. Matt Taibbi On "Colbert Report": Wall Street Is 'One Ponzi Scheme After Another' (VIDEO) http://bit.ly/7jYQou via Eric Weitner
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POPSObama's Big Sellout The president has packed his economic team with Wall Street insiders intent on turning the bailout into an all-out giveaway
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POPSWall Street's Naked Swindle This was a brokered bloodletting, one in which the power of the state was used to help effect a monstrous consolidation of financial and political power. Heading into 2008, there were five major investment banks in the United States: Bear, Lehman, Merrill Lynch, Morgan Stanley and Goldman Sachs. Today only Morgan Stanley and Goldman survive as independent firms, perched atop a restructured Wall Street hierarchy. And while the rest of the civilized world responded to last year's catastrophes with sweeping measures to rein in the corruption in their financial sectors, the United States invited the wolves into the government, with the popular new president, Barack Obama — elected amid promises to clean up the mess — filling his administration with Bear's and Lehman's conquerors, bestowing his papal blessing on a new era of robbery. Read the whole nasty sociopathic scam
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POPSGoldman Profits. Do We Lose? 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. In a brilliant article that appears in the current issue of Rolling Stone magazine, "The Great American Bubble Machine" by Matt Taibbi, we can see in all its gory and horrendous detail what is so wrong with "the invisible hand of the marketplace." From the article: “any attempt to construct a narrative around all the former Goldmanites in influential positions quickly becomes an absurd and pointless exercise, like trying to make a list of everything. What you need to know is the big picture: If America is circling the drain, Goldman Sachs has found a way to be that drain — an extremely unfortunate loophole in the system of Western democratic capitalism, which never foresaw that in a society governed passively by free markets and free elections, organized greed always defeats disorganized democracy.”
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POPSGoldman Sachs Pumping and Dumping Our Economy An excellent article and video by Matt Taibbi, from Rolling Stone Magazine, about how Goldman Sachs has been systematically, repeatedly, "pumping and dumping" the American economy, creating bubbles, then positioning themselves to profit from the popped bubbles, then being in good position to help "fix" the inevitable recession.
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POPSThe Great American Bubble Machine
a suspiciously self-serving plan to funnel trillions of Your Dollars to a handful of his old friends on Wall Street. Robert Rubin, Bill Clinton's former Treasury secretary, spent 26 years at Goldman before becoming chairman of Citigroup " which in turn got a $300 billion taxpayer bailout from Paulson. There's John Thain, the asshole chief of Merrill Lynch who bought an $87,000 area rug for his office as his company was imploding; a former Goldman banker, Thain enjoyed a multibilliondollar handout from Paulson, who used billions in taxpayer funds to help Bank of America rescue Thain's sorry company. And Robert Steel, the former Goldmanite head of Wachovia, scored himself and his fellow executives $225 million in golden parachute payments as his bank was selfdestructing. There's Joshua Bolten, Bush's chief of staff during the bailout, and Mark Patterson, the current Treasury chief of staff, who was a Goldman lobbyist just a year ago, and Ed Liddy, the former Goldman director . . .
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POPSGoldman Sachs The Wizard of Oz and primed to spearhead an assault on the mortgage banks, bringing suits against any suspected of practicing unlawful discrimination, whether on the basis of race, gender or disability." Goldman Sachs played a major hand in these Clinton-era financial policies through Robert Rubin, former Co-Chairman of the firm, who actually announced them on December 8, 1993. Taibbi wrote in Rolling Stone: During his (Robert Rubin's) tenure at Treasury, the Clinton White House made a series of moves that would have drastic consequences for the global economy - beginning with Rubin's complete and total failure to regulate his old firm during its first mad dash for obscene short-term profits. Taibbi adds that other Goldman graduates played a major hand when the market crashed, including another Goldman-ex turned Treasury Secretary, Henry Paulson: Paulson elected to let Lehman Brothers -- one of Goldman's last real competitors -- collapse without intervention...
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POPSThe Great American Bubble Machine 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.
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POPSNYSE ends transparency to protect Goldman Sachs Taibbi argues that the move is designed to protect investment banks from bloggers who are exposing the companies’ stock market manipulations Blogs such as Zero Hedge have been using NYSE data to argue that Goldman Sachs now has an almost unfettered ability to control stock prices. Goldman Sachs is singled out because the investment bank’s share of principal NYSE trading has gone from 27 percent at the end of 2008 to fully 50 percent of trades in recent months.
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POPSThe Great American Bubble Machine 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.
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