so, this Rolling Stones article first gained notoriety/popularity amongst the financial world by being on Zero Hedge (really good financial/econ blog if anyone's interested...) got around my workplace pretty quickly a couple of weeks back and i'm surprised that it hasn't ended up on here yet. it's kind of (aka: really) long, but it just shows what douches run goldman sachs (and now the government!).
The Great American Bubble Machine
Matt Taibbi on how Goldman Sachs has engineered every major market manipulation since the Great Depression
Posted Jul 02, 2009 8:38 AM
In Rolling Stone Issue 1082-83, Matt Taibbi takes on "the Wall Street Bubble Mafia" — investment bank Goldman Sachs. 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."
bolded for the tl;dr crowd - even though this is definitely an article worth reading!
quite honestly, the government should sue goldman. it should punish it beyond belief, but they're not going to bc there are far too many ex-goldman-ites in the government.