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Resist the urge to dismiss Matt Taibbi just because this article appears in Rolling Stone (and stay with it - it's lengthy). Be sure to click through to Matt Taibbi’s article:

Goldman Sachs: Engineering Every Major Market Manipulation Since The Great Depression

>>>>>>>>>>>>>>>>>>>>>>>>>>>>

Matt Taibbi skewers them in Rolling Stone, leading off with fire, anger and gusto: "The first thing you need to know about Goldman Sachs is that it is everywhere. The world's most powerful investment bank is a great vampire squid wrapped around the face of humanity, relentlessly jamming its blood funnel into anything that smells like money..."

1 posted on 06/26/2009 11:14:46 AM PDT by shoptalk
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To: shoptalk
Froma another Freerepublic thread, a post which condenses the issue to the vital point:

[[ While watching CNBC this morning the whole cap and tax scheme crystalized in my mind. They had a guest host there from UBS and the he was espousing the Messiah’s economic plans. he went into the whole green jobs thing, and then two Congressmen came on. The one anti tax and kill Congressmam pointed out how ludicrous the UBS bankers arguments about green jobs was. Like the Spanish study just out from their ‘green economy’ showing for every green job created, two regular ones are lost. Also that it took subsidies of 750K per job to create each job. The whole time the UBS guy on split screen just sat there and smiled, his smile getting bigger the longer the Congressman spoke. The UBS guy knows what the MSM and most americans do not, and this came to me like a bolt of lightning as I watched the UBS guy smile. Cap and Trade is the replacement for Subprime and securitized mortgages, 50 to 1 leverage the banks used the last 10 years, etc. Without a housing bubble, the only way the bankers can continue to make money at our expense is cap and trade. Why? BECAUSE THEY WILL BE RUNNING THE MARKET FOR CARBON OFFSETS!!! The UBS’s, Goldman Sachs, etc of the world will game the system the same way they made liar loans, 110% mortgages, etc. Cap and Tax is the bankers next big thing, and the main reason Enron went down and the Jeff Skilling and Andy Fastows of the world were hauled off to jail was cap and tax, not manipulating the energy prices. Kenny Lay, Skilling and company actually met with Clinton in the White House to start this ball rolling. Once the bankers found out about this, they had to stop them by any means necessary to keep the pot of gold for themselves. The smile on the UBS bankers face was like the cat who caught the canary, he can taste the money they will make by selling nothing but air. No cost, 100% profit. To the corrupt bankers, it does not get better than that. 7 posted on Friday, June 26, 2009 12:29:58 PM by milwguy ]] [ http://www.freerepublic.com/focus/bloggers/2280038/posts?page=7#7 ]

2 posted on 06/26/2009 11:18:06 AM PDT by MHGinTN (Believing they cannot be deceived, they cannot be convinced when they are deceived.)
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To: shoptalk
With paragraphs for easier reading: From another Freerepublic thread, a post which condenses the issue to the vital point:

[[ While watching CNBC this morning the whole cap and tax scheme crystalized in my mind. They had a guest host there from UBS and the he was espousing the Messiah’s economic plans. he went into the whole green jobs thing, and then two Congressmen came on. The one anti tax and kill Congressmam pointed out how ludicrous the UBS bankers arguments about green jobs was. Like the Spanish study just out from their ‘green economy’ showing for every green job created, two regular ones are lost. Also that it took subsidies of 750K per job to create each job.

The whole time the UBS guy on split screen just sat there and smiled, his smile getting bigger the longer the Congressman spoke. The UBS guy knows what the MSM and most americans do not, and this came to me like a bolt of lightning as I watched the UBS guy smile.

Cap and Trade is the replacement for Subprime and securitized mortgages, 50 to 1 leverage the banks used the last 10 years, etc. Without a housing bubble, the only way the bankers can continue to make money at our expense is cap and trade. Why? BECAUSE THEY WILL BE RUNNING THE MARKET FOR CARBON OFFSETS!!! The UBS’s, Goldman Sachs, etc of the world will game the system the same way they made liar loans, 110% mortgages, etc.

Cap and Tax is the bankers next big thing, and the main reason Enron went down and the Jeff Skilling and Andy Fastows of the world were hauled off to jail was cap and tax, not manipulating the energy prices.

Kenny Lay, Skilling and company actually met with Clinton in the White House to start this ball rolling. Once the bankers found out about this, they had to stop them by any means necessary to keep the pot of gold for themselves.

The smile on the UBS bankers face was like the cat who caught the canary, he can taste the money they will make by selling nothing but air. No cost, 100% profit. To the corrupt bankers, it does not get better than that.

7 posted on Friday, June 26, 2009 12:29:58 PM by milwguy ]]
[ http://www.freerepublic.com/focus/bloggers/2280038/posts?page=7#7 ]

3 posted on 06/26/2009 11:20:24 AM PDT by MHGinTN (Believing they cannot be deceived, they cannot be convinced when they are deceived.)
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To: shoptalk

The fourth branch of government is all of the government sponsored enterprises - Post Office, Federal Reserve, Fannie Mae, Freddie Mac, Medicare, etc.

These institutions wreak havoc with the United States and operate essentially outside of the Constitution.


4 posted on 06/26/2009 11:20:45 AM PDT by Toskrin
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To: shoptalk

Who replaces Bernanke? Larry Summers? so the rumor goes...
They’re all just as ‘progressive’ as Hugo Chavez.
And we sold them the rope.


5 posted on 06/26/2009 11:22:34 AM PDT by griswold3
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To: shoptalk

Well, we know from the way Michelle Obama dresses it ain’t Sachs 5th Avenue.


6 posted on 06/26/2009 11:25:23 AM PDT by Just another Joe (Warning: FReeping can be addictive and helpful to your mental health)
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To: shoptalk
The Cap and Trade is a classic example of Regulatory Capture. The concept of regulatory capture is that government regulation is bad because it is influenced most by those who have a vested interest in the regulation, and that regulations always end up benefiting most those who are to be regulated, because they act to exert the most influence.
11 posted on 06/26/2009 11:52:27 AM PDT by Toskrin
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To: shoptalk

So, at what point will Americans begin shooting back in this war? Let the politicians and their buyers hang.


12 posted on 06/26/2009 12:30:26 PM PDT by OneWingedShark (Q: Why am I here? A: To do Justly, to love mercy, and to walk humbly with my God.)
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To: shoptalk

Citibank is too. Both are run mob style.


13 posted on 06/26/2009 12:32:40 PM PDT by freekitty (Give me back my conservative vote.)
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To: AdmSmith; Berosus; bigheadfred; Convert from ECUSA; dervish; Ernest_at_the_Beach; Fred Nerks; ...
...instead of installing a branch of smart, genuine financiers interested in benefiting the American people, we installed a bunch of greedy crooks intent on stealing as much of the public's money as possible with no consequences what so ever.
Nice of 'em to take the blame for Obama, Pelosi, Waxman, Markey, uh, Gore, Clinton, etc are doing.
14 posted on 06/26/2009 5:08:05 PM PDT by SunkenCiv (https://secure.freerepublic.com/donate/__Since Jan 3, 2004__Profile updated Monday, January 12, 2009)
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