Goldman Sachs Bubble Machine?

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Ddrak
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Goldman Sachs Bubble Machine?

Post by Ddrak »

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The bank's unprecedented reach and power have enabled it to turn all of America into a giant pumpanddump scam, manipulating whole economic sectors for years at a time, moving the dice game as this or that market collapses, and all the time gorging itself on the unseen costs that are breaking families everywhere — high gas prices, rising consumercredit rates, halfeaten pension funds, mass layoffs, future taxes to pay off bailouts. All that money that you're losing, it's going somewhere, and in both a literal and a figurative sense, Goldman Sachs is where it's going: The bank is a huge, highly sophisticated engine for converting the useful, deployed wealth of society into the least useful, most wasteful and insoluble substance on Earth — pure profit for rich individuals.
Interesting, if full of hype...

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Harlowe
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Re: Goldman Sachs Bubble Machine?

Post by Harlowe »

I'll add the summary from Salon to this one, it doesn't look full of hype to me

http://www.salon.com/opinion/greenwald/ ... index.html
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Fallakin Kuvari
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Re: Goldman Sachs Bubble Machine?

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Harlowe
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Re: Goldman Sachs Bubble Machine?

Post by Harlowe »

I have a hard time taking anything that man says seriously, he's emotionally unstrung.

http://www.youtube.com/watch?v=DGeZQrpZ ... r_embedded
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Garrdor
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Re: Goldman Sachs Bubble Machine?

Post by Garrdor »

Lol, as if they're revealing something groundbreaking here...

White collar criminals and financial predators have influenced the global economy for a long time now. Big deal. Welcome to the western world of today.
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Klast Brell
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Re: Goldman Sachs Bubble Machine?

Post by Klast Brell »

They have a profit incentive to do it. Why wouldn't they.
You could even make an argument that it would be irresponsible to their investors not to do so.
"A few months ago, I told the American people I did not trade arms for hostages. My heart and best intentions still tell me that's true, but the facts and evidence tell me it is not." - Ronald Reagan 1987
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