Friday, July 03, 2009

Goldman Sachs: The Gargantuan Bloodsucker

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.

SHOOT: Leech. Vampire. Flock of mosquitoes. This is the ultimate scenario where the few |(who think they are so smart) prey on the masses, to the collective doom of all. The motive? Arrogant self-serving greed.

Matt Taibbi : "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."
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They achieve this using the same playbook over and over again.
The formula is relatively simple: Goldman positions itself in the
middle of a speculative bubble, selling investments they know are
crap. Then they hoover up vast sums from the middle and lower
floors of society with the aid of a crippled and corrupt state that
allows it to rewrite the rules in exchange for the relative pennies
the bank throws at political patronage. Finally, when it all goes
bust, leaving millions of ordinary citizens broke and starving,
they begin the entire process over again, riding in to rescue us
all by lending us back our own money at interest, selling
themselves as men above greed, just a bunch of really smart guys
keeping the wheels greased. They've been pulling this same stunt
over and over since the 1920s — and now they're preparing to
do it again, creating what may be the biggest and most audacious
bubble yet.


NEXT: Goldman Sachs' Role in the Housing and Internet Busts

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