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  1. #1
    Hang 'Em High
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    12.14.17 @ 09:16 AM
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    Default How Goldman Sachs engineered every major market manipulation since the 1930's

    An featured article in Rolling Stone issue 1082/1083 by Matt Taibbi


    The Wall Street Bubble Mafia - How Goldman Sachs took over Washinton DC by engineering every major market manipulation since the Great Depression of the 1930's.



    The article is now available to read at the RS web site:

    http://www.rollingstone.com/politics...ubble_machine/
    Last edited by The Rover; 07.05.09 at 07:18 PM.

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  2. #2
    Atomic Punk edwardv's Avatar
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    12.14.17 @ 08:34 AM
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    Default

    That article only reinforces things that I have been thinking for decades. One only has to look at who has invested heavy into Goldman since the current crisis started and the fact they had their best quarter ever while the rest of the world was getting fucked.. All you can do is expose it and hope someone in Congress cares but I doubt it.Bring on the next bubble, and jump on that train too but get off before it wrecks.
    EVH 1979: Well, actually it's not much of a vacation, because we run everything ourselves. We design our own album cover, we have to be in the office every day to sign checks - the whole corporation revolves around us. Nothing can be done without our approval. We even have photo approval.

  3. #3
    Forum Frontman It's Mike's Avatar
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    12.14.17 @ 08:08 AM
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    Default

    the article is very long on rhetoric and very short on facts.

  4. #4
    Baluchitherium loveevhsince79's Avatar
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    10.23.15 @ 04:49 PM
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    I wish we could put the blame all on Goldman Sachs but it's really not that simply. The fact that the article starts off putting all the blame for the housing crisis at their doorstep shows that the reporter did not do his home work. The policies of the Clinton administration and Fannie Mae and Fannie Mac relaxing their lending qualifications did more than GS ever dreamed. The real problem is that these investment houses bought up toxic mortgages they didn't understand and put them in their portfolio, not that they established lending practices.

    As for the oil futures, yes, they may have been a major player to begin with but, many others followed suit. Investment houses are always looking for the next "big deal" to make money and not just GS.

    As for all the alumni in high ranking positions, considering how long GS has been around and have been a highly respected investment firm, it's not surprising. And Warren Buffet is a major reason they are pulling out of this crisis and now showing a profit because of how much he personally invested to buy up their stock.

    This article is trying to pin the country's woes on one company when there is lots of blame to go around. It's quite silly.
    Life may not be the party we hoped for, but while we are here we might as well dance.

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  5. #5
    Future's in the past....
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    11.03.17 @ 01:35 PM
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    It's RS....gimme a break!
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  6. #6
    Atomic Punk
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    07.24.11 @ 04:36 PM
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    it's probably pretty acurate, though the fact that it appears in Rolling Stone is pretty telling. Just as telling, that he doesn't have a shred of real evidence to speak of. It might as well have been posted here on the links as one of Hey Man's rants.
    Stay out of it, dude.


    I am Van Halen.

 

 

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