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The Great American Bubble Machine (cap and trade and Goldman Sachs)
Rollingstone.com ^ | July 2, 2009 | Matt Taibbi

Posted on 07/09/2009 12:41:37 PM PDT by Zathras

In Rolling Stone Issue 1082-83, Matt Taibbi takes on "the Wall Street Bubble Mafia" --investment bank Goldman Sachs.

The piece has generated controversy, with Goldman Sachs firing back that Taibbi's piece is "an hysterical compilation of conspiracy theories" and a spokesman adding, "We reject the assertion that we are inflators of bubbles and profiteers in busts, and we are painfully conscious of the importance in being a force for good.

" Taibbi shot back: "Goldman has its alumni pushing its views from the pulpit of the U.S. Treasury, the NYSE, the World Bank, and numerous other important posts; it also has former players fronting major TV shows. They have the ear of the president if they want it." Here, now, are excerpts from Matt Taibbi's piece and video of Taibbi exploring the key issues.


TOPICS: Business/Economy
KEYWORDS: bailouts; captradewallstreet; goldmansachs; jpmorgan; matttaibbi; taibbi; wallstreet
Cap and Trade is looking more and more like an Internet startup scam - pre-crash more and more.
I originally thought Gore was driving it but it seems much much biggger.
1 posted on 07/09/2009 12:41:37 PM PDT by Zathras
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To: Zathras

Glad you posted this. I read the hard copy version a few days ago, and found it pretty interesting. Bump to read comments later.


2 posted on 07/09/2009 12:44:51 PM PDT by Huck ("He that lives on hope will die fasting"- Ben Franklin, Poor Richard's Almanac)
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To: Huck
I found it from a car club website who posted the link.
Everyone be sure to click on the links and watch the videos.

A direct link to Robert Rubin and Clinton.

3 posted on 07/09/2009 12:52:46 PM PDT by Zathras
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To: Zathras

http://www.rollye.net/BlogArchivesCapTrade709.html

All the major players listed with details of the $10T scam they plan to perpetrate on the USA.

http://www.capitalresearch.org/pubs/pdf/v1217525953.pdf

Al Gores Carbon Empire : Cashing in on Climate Change
...Gore is chairman of the company, which
he co-founded in 2004 with former Goldman
Sachs executive David Blood, who as
GIM’s managing partner oversees most of
its operations. Blood has explained why the
company is London-based: “It’s no surprise
to us that Europeans are more eager to get
their hands around this notion – look at the
history and the culture; there’s the notion
of the third way, bigger emphasis on social
responsibility and so on.” (“Long Term Life
After Politics,” by Heather Stewart, London
Observer, November 13, 2004)
Goldman Sachs has a sizable footprint at
GIM. GIM’s other founding members include
Mark Ferguson, former co-chairman of the
Goldman Sachs Assets Management pan-
European research; and Peter Harris, former
head of Goldman Sachs Assets Management
international operations. In September 2006
– several months after the release of Gore’s
blockbuster fi lm, Goldman Sachs paid $23
million to buy 10% of the Chicago Climate
Exchange, or CCX, the leading U.S. provider
of “carbon offsets.”


4 posted on 07/09/2009 12:57:33 PM PDT by griswold3
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To: Zathras

A must-read for every Freeper ...


5 posted on 07/09/2009 12:59:48 PM PDT by DontTreadOnMe2009 (So stop treading on me already!)
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To: griswold3

I have a friend at Goldman who will only say “things are looking very green at Goldman.”


6 posted on 07/09/2009 1:02:20 PM PDT by Boardwalk
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To: DontTreadOnMe2009

I’ve sent a copy to Drudge I was so shocked.


7 posted on 07/09/2009 1:03:30 PM PDT by Zathras
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To: Zathras
The Gore-Ken Levy-Goldman Sachs connection:
http://www.youtube.com/watch?v=C28avoSrYyQ
8 posted on 07/09/2009 1:37:00 PM PDT by Zathras
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To: Zathras

Bump. Those damn crooks.


9 posted on 07/09/2009 1:40:18 PM PDT by iamright
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To: Zathras; Huck; M. Espinola; stephenjohnbanker; TigerLikesRooster; GOPJ; Calpernia
This is too much. LOL, LOL !

The Grren Energy Bubble or Gigantic 'Cap & Trade' Fraud

Algore's massive energy fraud will break the backs of Americans. It will cost trillions of taxpayer dollars. And not do a damn thing except line the pockets of fraud artists. 0 is taking orders from greedy crooks and hyper-inflated idiots.

The EPA Admits Cap 'n Trade Will Fail !

10 posted on 07/09/2009 3:23:33 PM PDT by ex-Texan (Ecclesiastes 5:10 - 20)
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To: ex-Texan

B T T T


11 posted on 07/09/2009 4:39:58 PM PDT by stephenjohnbanker (Pray for, and support our troops(heroes) !! And vote out the RINO's!!)
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To: Zathras; rdl6989; Little Bill; IrishCatholic; Normandy; According2RecentPollsAirIsGood; ...
 


Beam me to Planet Gore !

12 posted on 07/09/2009 4:41:36 PM PDT by steelyourfaith ("The problem with socialism is that you eventually run out of other people's money" - Lady Thatcher)
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To: ex-Texan

“When the economic costs of Waxman-Markey are included, the harm to American families skyrockets. According to Heritage’s Center for Data Analysis Waxman-Markey will decrease GDP in 2020 by $161 billion (2009 dollars). For a family of four, that is $1,870 that the CBO simply ignores.”

Nice scam, if you are running it.


13 posted on 07/09/2009 4:42:06 PM PDT by stephenjohnbanker (Pray for, and support our troops(heroes) !! And vote out the RINO's!!)
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To: Zathras

bump for later


14 posted on 07/09/2009 4:49:32 PM PDT by Evie Munchkin (Sarah in 2012!)
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To: ex-Texan

The ‘green’ con game is one of many radical Dem rackets for enrichment off the taxpayers.


15 posted on 07/09/2009 6:32:34 PM PDT by M. Espinola (Freedom is not 'free'.)
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To: Zathras

16 posted on 07/23/2009 12:24:57 PM PDT by ding_dong_daddy_from_dumas (Obama's multi- trillion dollar agenda would be a "man caused disaster")
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To: Zathras
I finally made a little time on Saturday afternoon to read the whole article...

And OMFG!!

If you haven't read it yet... read the complete article... not the excerpts... I thought the author, Taibbi did a bang-up job exposing Goldman Sachs as they are... a bunch of sociopaths wrecking our economy... this isn't about capitalism... not by a long shot... it is about making the rules... grabbing all the free money... and leave the victims holding the bag.

If you haven't read this article yet... and you understand a little about economics... then you should definitely read it... it is probably the most important thing that you can read today...

17 posted on 07/25/2009 5:19:36 PM PDT by John123 (Turn on your teleprompter Obama and read your lips... "No New Taxes!!")
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To: appalachian_dweller

*ping*


18 posted on 12/01/2009 9:01:36 AM PST by hennie pennie
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To: Zathras

worth reading the whole thing....which I am doing again


19 posted on 12/01/2009 9:05:59 AM PST by dennisw (Obama -- our very own loopy, leftist god-thing.)
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To: FromLori
*ping*

note: this article was posted several times

20 posted on 12/01/2009 9:10:11 AM PST by hennie pennie
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To: CondoleezzaProtege
A few of us are amazed that Goldman Sachs ALONE gave more to Obama's campaign, than the TOTAL of Wall Street contributions to John McCain // Sarah Palin.

Isn't that strange?

After all, MegWhitman was Romney's campaign manager and she sits on the board of GS.

WHY did GS give so much to the Democrat presidential candidate?

21 posted on 12/17/2009 5:00:27 PM PST by hennie pennie
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To: hennie pennie

it’s so sad...and if you go the poorest of parts of the inner cities—you realize that these places have stayed so messed up because LIBERALS are in control of them. UGH...so much for “party of the poor and downtrodden” PUH LEEZE.


22 posted on 12/17/2009 5:23:54 PM PST by CondoleezzaProtege ("When I survey the wondrous cross...")
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To: 2banana
*ping*

There were multiple postings of Matt Taibi's articles to FR, this is just one thread, plenty of dups with fascinating responses.

23 posted on 02/09/2010 8:45:27 AM PST by hennie pennie
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To: hennie pennie

bttt


24 posted on 06/23/2010 9:16:57 AM PDT by hennie pennie
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