Rolling Stone: The Great American Bubble Machine PT.1 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

[MyImago]

Great Video !!!!!!!!!!!

"The issue today is the same as it has been throughout all history, whether man shall be allowed to govern himself or be ruled by a small elite." -Thomas Jefferson

[wizardofozar]

And the FED is run by the banks and wallstreet. This is financial terrorism

[klarekerry]

RON PAUL &JESSE VENTURA AGAINST SENATE BRIBERY!!VOTE RON PAUL THE ONLY CLEAN CANDIDATE!

[razrrlazrr]

Griftopia. Great book!!

Favorite Taibbi quote is the one about Goldman Sachs, calling them a vampire squid wrapped around the face of the country, plunging its blood funnel into anything smelling of money.

[TheSurvivorjunkie]

pf cousre golman sachs runs the goverment its not just a coincidence that the man obama picked as his right hand financial man came out of goldman sachs. most of the high ranking us banking officials came out of goldman sachs..

[sevendst19]

matt.taibbi

@

rollingstone

.

com

[xadam2dudex]

@pn2543 the republicans have gutted all regulations.. if u have noticed EXXON was able to merger with Mobil oil and many other mergers have taken place over the last decade or so..these would have never been allowed ....just recently Well Fargo bought Wachovia bank there will soon be only multinational corporations left all other companies will be bought up and run as subsidiaries ..these acquisitions are happening daily

[pn2543]

whatever happened to the antitrust laws? Goldman must really own the entire govt to have come out of a crisis where they nearly destroyed the entire global economy smelling like a rose. it is probably too late to break them up though, they are now too powerful and dominate the usa economy, so we will have to stand by and watch a medieval epic of tyranny and collapse play itself out as america goes down for the count, gw bush's alcoholic vengeance finally realized on the country he destroyed.

[SilentNoMorePubs]

The simplest, clearest explanation yet of how our monetary system destroys our prosperity is the YouTube video WHY WE ARE IN SO MUCH DEBT. Highly recommended viewing.

[qwertypoiu4321]

The US Federal State CAUSED the economic contraction!