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goldman sachs

Goldman Sachs the Vampire Squid

Goldman Sachs the Vampire Squid

In his classic 2009 Rolling Stone article, Matt Taibbi blames Goldman Sachs for causing the Great Depression, the Internet bubble and the skyrocketing price of gasoline. Author William D Cohan dismisses the article as a “screed” and “conspiracy theory journalism.

Goldman Sachs in Libya–Another Racket by the Dreadful Few

Goldman Sachs in Libya–Another Racket by the Dreadful Few

Matt Taibbi: “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.”

The Real Vampires: An Insider’s View of Banks

The Real Vampires: An Insider’s View of Banks

According to Quigley, banks have controlled western society by manipulating the money supply since the creation of the Bank of England and the fractional reserve lending system in 1694.

Pres Weekly Address: Give Gov Back to the American People

Weekly Address: Giving Government Back to the American People by Jesse Lee As the President beats back lobbyists seeking to weaken Wall Street Reform, he talks about an even broader threat that would vastly expand the influence of massive industries and their lobbyists in Washington. A recent Supreme Court decision opened the floodgates for corporations, […]

Justice probe of Goldman goes beyond deals cited by SEC

The phrase “investors pounded Goldman Sachs” and words like brutal day for Goldman [and AIG] likely bring smiles to most Americans. This type of mirth may endure, By Zachary A. Goldfarb and Jerry Markon The Justice Department’s criminal investigation into Goldman Sachs goes beyond the financial transactions targeted by the Securities and Exchange Commission in […]

Democrats Unveil Tough Remedy to Radical ‘Corporations Are People Too’ Decision

As mainstream pundits continue the Democrats-are-in-trouble conventional wisdom, I see a perfect political storm developing against Republicans led by the Dem’s hitting back on the radical U.S. Supreme Court decision, CITIZENS UNITED v. FEDERAL ELECTION COMM’N ( No. 08-205 ). Correcting the Court – Democrats Unveil Tough New Legislation to Remedy “Citizens United” By Josh […]

Orwellian Obstruction: Republicans on Financial Reform

By Robert L. Borosage at Huffington Post Senate Republicans have perfected the art of saying no. But in blocking a debate on financial reform, they have begun to imitate Goldman Sachs traders, selling positions that they are betting against. Blocking financial reform is, not surprisingly, financially rewarding, as Republican leaders lease themselves to Wall Street […]

Goldman Sachs Emails: Firm Had ‘The Big Short’ As Economy Fell

Caught wind of this from the Huffington Post: As homeowners were falling behind on their subprime mortgages, wreaking havoc for investors that owned slices of their mortgages in securities peddled by Wall Street, Goldman Sachs was “well positioned,” according to internal company emails by top executives. The firm had “the big short,” declared chief financial […]

Obama’s Defining Finance Reform Speech Thursday

Update: For more information, see White House blog knocking down Wall Street Talking Points and Norm Scheiber’s  Head Lock: The inside story of how Goldman and the banks are getting clobbered on financial reform. By Simon Johnson, co-author of 13 Bankers: The Wall Street Takeover and The Next Financial Meltdown On Thursday [April 22], President Obama […]

Republicans on SEC Vote Against Charging Goldman with Fraud

A SEC Vote will reveal a titanic political fight: Wall Street-GOP v. the Obama administration and perhaps some strange bedfellows who despise Wall Street as the consummate villain of 2007-2010. From the Huffington Post, By Marcus Baram —  The SEC’s lawsuit against Goldman Sachs has sent shockwaves through the financial industry and Washington, D.C. To keep up […]

Six Banks Have Assets Equal to 60% of GNP; Banking Oligarchy, GOP Oppose Finance Reform

When Senator Mitch McConnell and the GOP oppose financial reform, make no mistake whose interests they are fighting for: The banking oligarchy. What McConnell is saying in blocking reform is “dangerous and deliberately misleading,” as reformist economist Simon Johnson pointed out Friday night. “About 25 Wall Street executives, many of them hedge fund managers, sat […]

Crocodile Tears on Wall Street

The original Tea Party, remember, wasn’t directed just against the British redcoats. Colonial patriots also took aim at the East India Company. That was the joint-stock enterprise originally chartered by the first Queen Elizabeth. Over the years, the government granted them special rights and privileges, which the owners turned into a monopoly over trade, including tea.


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