Posted on 03/06/2011 10:22:09 PM PST by Kartographer
“Jail Bank CEOs” makes a great sound bite in the cable pundits’ echo chamber. Remember Taibbi’s earlier indictment of Goldman Sachs: 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.”
But so what? Just three years after Wall Street’s crooks “brought down the world’s economy” Goldman’s Blankfein and his buddies are paying record bonuses, and laughing at us.
(Excerpt) Read more at marketwatch.com ...
he may be somewhat right on the periphery, but this guy’s quite clueless. He seems to think that government power is the solution.
As much as I loath the Goldman Sach, Matt Taibbi is a truly awful writer. Maybe Rolling Stone could find a grown up to do the serious investigative stuff and reassign Taibbi to the latest Lady Ga Ga tour where he belongs.
China going to a convertible currency is what is going to do us in.
This guy is part of what I now term "The Survivalist Left." Dang, he sounds like a pessimistic Michael Moore.
China desperately does not want to do that. Most of their profit comes from keeping their currency at a false value. They cannot sell their stuff to their own people because most of their populace can barely afford food, much less the junk we buy.
In reality yes, but I’m afraid Chinese hubris is rising and they are going to set themselves up for a fall.
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