Goldman Sachs Pumping and Dumping Our Economy

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	Goldman Sachs Pumping and Dumping Our Economy

aks_sba

8-6-2009 5:38 AM

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aks_sba says:

An excellent article and video by Matt Taibbi, from Rolling Stone Magazine, about how Goldman Sachs has been systematically, repeatedly, "pumping and dumping" the American economy, creating bubbles, then positioning themselves to profit from the popped bubbles, then being in good position to help "fix" the inevitable recession.

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/0859e16e-872a-4ebd-8f7d-8920524c1bfe/8924B2A7-08A5-4F27-82CE-9FA1C21D4754/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.rollingstone.com/politics/story/28816321/the_great_american_bubble_machine/print" href="http://www.rollingstone.com/politics/story/28816321/the_great_american_bubble_machine/print" style="font-size: 11px;">www.rollingstone.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.rollingstone.com/politics/story/28816321/the_great_american_bubble_machine/print"><H1>
Inside The Great American Bubble Machine
</H1></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.rollingstone.com/politics/story/28816321/the_great_american_bubble_machine/print"><H2>
Matt Taibbi on how Goldman Sachs has engineered every major market manipulation since the Great Depression
</H2></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.rollingstone.com/politics/story/28816321/the_great_american_bubble_machine/print"><EM>In Rolling Stone Issue 1082-83, Matt Taibbi takes on "the
Wall Street Bubble Mafia" — investment bank Goldman Sachs <A href="http://www.rollingstone.com/politics/story/29127316/the_great_american_bubble_machine">
(click here to read the whole story)</A>. 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.</EM></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/8924B2A7-08A5-4F27-82CE-9FA1C21D4754/blog/" title="blog or email this clip"><img src="http://content8.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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