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July 8, 2009

Goldman Sachs Fleecing of America

Editors note: Another interesting read

Taibbi's Scream: Stop the Political System That Has Let Goldman Sachs Fleece Us for 90 Years

In Matt Taibbi's vivid and provocative new article in Rolling Stone, "The Great American Bubble Machine," the man absolutely screams. Evoking the image in Edvard Munch's famous Norwegian painting, Taibbi sounds the alarm to American readers as he explores the sordid story of Goldman Sachs and Co. Tracing 90 years of political and market history, Taibbi colorfully describes the firm headquartered at 85 Broad Street as: "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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It causes me great pain to think that this sensitive and brilliant young writer, who had a ringside seat for the grotesque rape of the body politic in 1990s Russia by rapacious private oligarchs, is sickened by what he sees in the USA now! Let me say that again. He watched the rape of the Russian people up close and he is sickened by what is happening in the USA right now.

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Read the full story

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