Seeking Alpha
Wednesday, December 30 2009  |  07:07 EDT  | 
DJIA (DIA) S&P 500 (SPY)

Market Currents

Thursday, June 25, 2009
11:38 AM TweetThis
  • Rolling Stone's poison-penned Matt Taibbi lays waste to Goldman Sachs (GS), again. Here's the intro: "From tech stocks to high gas prices, Goldman Sachs has engineered every major market manipulation since the Great Depression - and they're about to do it again..."

This news story has 14 comments:

  •  
    Taibbi is making Goldman Sachs as the new Illuminati. Ridiculous.
    Jun 25 11:50 AM | Link | Reply
  •  
    Setting aside considerations about the underlying truth of the article for a moment, I really need to give Taibbi props for his colorful, journalistic style "the great vampire squid wrapped around the face of humanity, relentlessly jamming its blood funnel into anything that smells like money". Ahmadinejad has nothing on this guy
    Jun 25 11:54 AM | Link | Reply
  •  
    I think he has been watching far too much of True Blood.
    Jun 25 11:58 AM | Link | Reply
  •  
    This is definitely a fun read so far!
    Jun 25 11:58 AM | Link | Reply
  •  
    Goldman knows how to "work" the system when there is a profit to be made.
    Jun 25 12:02 PM | Link | Reply
  •  
    No wonder why we are so hated...
    Jun 25 12:04 PM | Link | Reply
  •  
    I'm not so sure about RS.
    Jun 25 12:14 PM | Link | Reply
  •  
    Taibbi better be careful crossing the street.


    On Jun 25 11:50 AM RK wrote:

    > Taibbi is making Goldman Sachs as the new Illuminati. Ridiculous.
    Jun 25 12:20 PM | Link | Reply
  •  
    Is it so ridiculous? They made billions during the boom. Their people seemed to have found their way into a number of influential government positions. And they continue to benefit from the "solutions" to the crisis.

    Sure, it's not like they dress up in robes and have freaky ceremonies and are plotting to take over the world.

    But a bunch of old white guys sitting in a room talking about how they can work the system, ethics be damned, to make themselves even richer? That's pretty easy to believe.


    On Jun 25 11:50 AM RK wrote:

    > Taibbi is making Goldman Sachs as the new Illuminati. Ridiculous.
    Jun 25 12:23 PM | Link | Reply
  •  
    For someone that believes in propaganda, I'll bet it is. But you should believe in facts. The facts are that its not GS that is allowing GS to take advantage. Its corrupt government staffers at all levels that are supposed to protect us from these types of manipulation that are allowing this to happen. And still a lot of people think that giving government more power will make it go away. What a joke.

    That GS is working in self interest is true. That this government will solve it is simply ignorance.

    On Jun 25 12:23 PM D_Virginia wrote:
    > That's pretty easy to believe.
    Jun 25 12:59 PM | Link | Reply
  •  
    Anyone got a cap & trade trade?
    Jun 25 01:07 PM | Link | Reply
  •  
    Yeh, donate to the Democratic party, start a company that proposes to plant trees (ala Al Gore), then sit back and reap the profits from selling your greenhouse gas credits.

    On Jun 25 01:07 PM PassingBy55 wrote:
    > Anyone got a cap & trade trade?
    Jun 25 01:19 PM | Link | Reply
  •  
    or, buy a TV network (like say NBC), hire editors who program global warming 24/7, all the while you (say, GE) develop 'clean' technologies and have press conferences while claiming "the debate over global warming is over!" when all the geologists and upper atmosphere temperature studies say it is, in fact, fraud. So yes Virginia, there are evil conspiracies, and they are easy to see if you just look carefully. Long GE, does that make me part of it? Sheeple are the problem
    Jun 26 06:09 PM | Link | Reply
  •  
    Right. But the alternative is chaos or autarchy. I'd like to think that at some point, the democratic process works because my fellow citizens have a core of a capacity for self rule. Overoptimistic and naive, but still, the alternatives are worse.


    On Jun 25 12:59 PM Neil459 wrote:

    > For someone that believes in propaganda, I'll bet it is. But you
    > should believe in facts. The facts are that its not GS that is allowing
    > GS to take advantage. Its corrupt government staffers at all levels
    > that are supposed to protect us from these types of manipulation
    > that are allowing this to happen. And still a lot of people think
    > that giving government more power will make it go away. What a joke.
    >
    >
    > That GS is working in self interest is true. That this government
    > will solve it is simply ignorance.
    >
    > On Jun 25 12:23 PM D_Virginia wrote:
    Jun 27 01:38 AM | Link | Reply
Follow Market Currents on
Latest StockTalks
More StockTalks »

From our sponsors: