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  • The Great American Bubble Machine (cap and trade and Goldman Sachs)

    07/09/2009 12:41:37 PM PDT · by Zathras · 23 replies · 979+ views
    Rollingstone.com ^ | July 2, 2009 | Matt Taibbi
    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...