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Matt Taibbi

Defending Sodom & Gomorrah

Goldman Sachs: ‘Bad, But Not the Worst’ Based on the drivel I’ve read the last six weeks, I’m convinced that if Matt Taibbi had chosen to rail against, say, the mayor of Sodom & Gomorrah — instead of Wall Street and its undisputed kingpin, Goldman Sachs — the same pack of apologists would have jumped...
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"Where the Crisis Came From"

After Almost a Year, The Fog Lifts Maybe it’s just me, but it certainly seems as though, almost one year after the financial system’s September, ’08 “heart attack,” some clarity and consensus are emerging about exactly what happened, and why. If you’ve been on a desert island, read Robert Wilmer’s excellent “Where the Crisis Came...
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"The Joy of Sachs"*

And Then There Were Two Goldman and Morgan were assisted in a rather violent industry consolidation. They remain, more than ever, officially “too big to fail” (TBTF), so they know they can always request tax funds directly from the Treasury Department and elevate risks above competitors. With their enormous profits they can buy out any...
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Matt Taibbi v. Goldman Sachs, cont.

Rebutting Goldman Sachs’ RebuttalIf you’re tired of the Goldman Sachs/Matt Taibbi-related string of posts on this blog (“Great ‘Legs’: Taibbi on Goldman Sachs“; “Goldman Sachs, Culprit“, “Goldman Sachs’ Nine-Plus Lives”) . . . you’ll want to skip this. However, if you’re not, here is Taibbi’s reaction to the highly orchestrated, very sophisticated PR effort mounted...
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Great Legs: Taibbi on Goldman Sachs

Taibbi’s Article: Great ‘Legs’ If online articles were ranked the same way as newly-released (music) singles, Matt Taibbi’s scathing attack on Goldman Sachs in the current issue of Rolling Stone (yup, Rolling Stone) would be number one — with a bullet. If it were a new movie, you’d say Taibbi’s article has ‘legs.’ If you...
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Goldman Sachs, Culprit

Regulatory Capture — Exhibit A Goldman Sachs made out on the housing bubble twice: it f—ed the investors who bought their horsesh-t CDO’s by betting against its own crappy products, then it turned around and f—ed the taxpayer by making him pay off those same bets. –Matt Taibbi, “The Great American Bubble Machine”; Rolling Stone...
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