Is Grousing About Goldman Sachs Reaching Critical Mass?

By Peter Brimelow - MarketWatch

NEW YORK (MarketWatch) -- I'm amazed: Grousing about Goldman Sachs, and fury at the financial sector, is actually reaching the point where something might happen -- maybe even answers to questions we've been asking for a while.

As Jim Bianco of Bianco Research just noted in his News Clips/Daily
Commentary service: "The amount of bad news that [Goldman Sachs Group
/quotes/comstock/13*!gs/quotes/nls/gs (GS 160.34, +0.31, +0.19%) ] is generating with its record earnings is incredible. We cannot remember a company that has received so much scorn for making money."

Banco linked to critical stories in the Economist and the New York Times, and a scathing op-ed column ("The Joy of Sachs") by Paul Krugman.

And that's only the beginning. Last week, Arianna Huffington in her liberal Huffington Post Webzine actually issued bipartisan praise of two Wall Street Journal pieces critical of Goldman and the bailout. (Her article is here; the WSJ pieces here and here.)


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