The Great American Bubble Machine how Goldman Sachs has engineered every major market manipulation

Rolling Stone Magazine ^ | Jul 02, 2009 8:38 AM | MATT TAIBBI

[gibtx2]

'The formula is relatively simple: Goldman positions itself in the middle of a speculative bubble, selling investments they know are crap. Then they hoover up vast sums from the middle and lower floors of society with the aid of a crippled and corrupt state that allows it to rewrite the rules in exchange for the relative pennies the bank throws at political patronage. Finally, when it all goes bust, leaving millions of ordinary citizens broke and starving, they begin the entire process over again, riding in to rescue us all by lending us back our own money at interest, selling themselves as men above greed, just a bunch of really smart guys keeping the wheels greased. They've been pulling this same stunt over and over since the 1920s — and now they're preparing to do it again, creating what may be the biggest and most audacious bubble yet." read more .. Global Warming anyone..

[FromLori]

Thanks for the ping hennie pennie I think people should read these...

http://www.zerohedge.com/article/titlos-llc-special-purpose-vehicle-downgrade-catalyst-trigger-which-will-destroy-greece

http://www.bloomberg.com/apps/news?pid=20601087&sid=a5MJFT2dMyIU&pos=3

[hennie pennie]

Do you believe that GS will get black listed and banned in Europe????

LOLOLOLOLOLOL

[FromLori]

No but I thought it was good for a laugh :)

[hennie pennie]

hrumpF!!!

Lori is laughing at my most very favorite article of this year to date:

Simon Johnson: Goldman Is About To Be Blacklisted And Possibly Banned

http://www.freerepublic.com/focus/f-news/2452042/posts

What a sublime read it was!!!!

rofl

[FromLori]

I’m still laughing remember the one is keeping them from citizens with pitch forks only his base didn’t understand why they thought he was scolding them ...