Rolling Stone: The Great American Bubble Machine PT.3 of 5

Matt Taibbi on how Goldman Sachs has engineered every major market manipulation since the Great Depression.

In Rolling Stone Issue 1082-83, Matt Taibbi takes on "the Wall Street Bubble Mafia" — investment bank Goldman Sachs. The piece has generated controversy, with Goldman Sachs firing back that Taibbi's piece is "an hysterical compilation of conspiracy theories" and a spokesman adding, "We reject the assertion that we are inflators of bubbles and profiteers in busts, and we are painfully conscious of the importance in being a force for good." Taibbi shot back: "Goldman has its alumni pushing its views from the pulpit of the U.S. Treasury, the NYSE, the World Bank, and numerous other important posts; it also has former players fronting major TV shows. They have the ear of the president if they want it." Here, now, are excerpts from Matt Taibbi's piece and video of Taibbi exploring the key issues.

From Matt Taibbi's "The Great American Bubble Machine" in Rolling Stone Issue 1082-83
http://www.rollingstone.com/politics/story/28816321/the_great_american_bubble...

Category:

Education

Tags:

• economic
• collapse
• economy
• gold
• silver
• u.s dollar crash
• bernake
• obama
• banks

[Jane102248]

Crooks and Liars run this World!

[blogstr7]

Wonderful... Lets back a system where, after a oil is put in a barrel.  We commodity trade it up to 27 times. I wonder what the real price for a barrel of oil is from its onset. 5 bucks ? Lets compare prices per gallon (avg today):Puerto Rico San Juan $1.74

Saudi Arabia Riyadh $0.91

Kuwait Kuwait City $0.78

Egypt Cairo $0.65

Nigeria Lagos $0.38

Venezuela Caracas $0.12

(traded 27 times + taxes = 2.27 to 4.00/gal US) nice.

[axeluk]

We don't seem to be learning from the errors of the past at all. We seem to be completely powerless to stop the blatant robbery of the tax payers. GS and all the other banks are back to their old tricks again and nothing seems to have changed and very few have been made accountable for their looting! Thanks for your investigative reporting Matt Taibbi and to Rolling Stone for having the guts to publish it!

[NicosMind]

Freddie Mac is also another bank which acts like the democratic party's personal piggy bank. Barney Frank has personally made millions of them along with Chris Dodd and others

[ToBeFree777]

Well sounds like the sh-t is finally gonna hit the fan. It's about time!

They lock people up every day for stealing food for their family's to eat,yet we have since 2007, 25 trillion dollars of unaccounted for "TAX PAYERS MONEY" THAT MEANS YOURS AND MY MONEY!" THAT HAS BEEN CLEARLY STOLEN,YET NO JUSTICE HAS BEEN TAKIN!!!!!

[sophiah88]

0:18-0:23 watch bubbas eyes

:D :D :D

all the pols of  ZOG are hypnotized

programmed durgged & blackmailed

ROBOTS

[TYX91101]

Keep voting like zombies. Keep voting for Democrats and Republicans.

[giganticbeast]

greens*

An actual Congress and Senate working for the people.. not the multinational corporations looting this country bare, can keep Obama in check in exactly the way they're supposed to. Even perhaps slightly nudge/ inspire him to stop accommodating the worst of the worst while saying the opposite, and be an actual President.

[giganticbeast]

yes. and Dr Paul or his allies. but the presidential reality show is not the whole picture, as much as our culture might hype the rock star and the spotlight of the individual. we CAN do a congressional housecleaning next year, replacing non-constitutionalist democrats and republicans with independents/libertarians/gree­ns and people with overall better records. ideally, no one who voted for the TARP "bailouts" or nazi-esque Patriot Act.

HOPE for CHANGE.. a good idea's time has come.