the Great American Bubble machine

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investorzzo's picture
investorzzo
Status: Diamond Member (Offline)
Joined: Nov 7 2008
Posts: 1182
the Great American Bubble machine

Rolling stone magazine on Goldman Sachs.

From tech stocks to high gas prices, Goldman Sachs has engineered every major market manipulation since the Great Depression - and they're about to do it again

http://sites.google.com/site/disclosuredelta/

investorzzo's picture
investorzzo
Status: Diamond Member (Offline)
Joined: Nov 7 2008
Posts: 1182
Re: the Great American Bubble machine

More scandals adding up for Goldman Sachs.

http://seekingalpha.com/article/147104-is-a-case-of-quant-trading-sabota...

GregSchleich's picture
GregSchleich
Status: Silver Member (Offline)
Joined: Jan 16 2009
Posts: 187
Re: Matt Taibbi's scathing indictment of Goldman Sachs
investorzzo wrote:

Rolling stone magazine on Goldman Sachs.

From tech stocks to high gas prices, Goldman Sachs has engineered every major market manipulation since the Great Depression - and they're about to do it again

http://sites.google.com/site/disclosuredelta/

 

More scandals adding up for Goldman Sachs.

http://seekingalpha.com/article/147104-i...

 

Investorzzo

Thanks for putting up these great links, but you need to work on your marketing skills! More people should be reading this stuff. 

You might be interested in this, too. Frank Rich piles on Goldman some more in this week's Sunday Times. http://www.nytimes.com/2009/07/05/opinion/05rich.html  (I certainly don't always agree with him, but Rich does his homework and has to be respected as a writer and an investigative journalist IMHO) Here's a little snippet: "...The dense revolving-door conflicts of interest are appalling. Goldman is howling about Taibbi's article, but the bottom line was articulated last week by the economic blogger Felix Salmon of Reuters. He wrote that he couldn't "think of a single government regulation over the past couple of decades which has remotely harmed Goldman Sachs" as opposed to the many that "done it a world of good."'

Cheers

Greg

investorzzo's picture
investorzzo
Status: Diamond Member (Offline)
Joined: Nov 7 2008
Posts: 1182
Re: the Great American Bubble machine

CFTC: Corrupt Foxes Tending Chickens

http://www.financialsense.com/fsu/editorials/west2/2009/0707.html

DrKrbyLuv's picture
DrKrbyLuv
Status: Diamond Member (Offline)
Joined: Aug 10 2008
Posts: 1995
Re: the Great American Bubble machine

Greg said:  Thanks for putting up these great links, but you need to work on your marketing skills! More people should be reading this stuff.

I've noticed that investorzzo has been giving a great opening statement/synopsis of the relevance of the dig.  Thanks for bringing this up, his stuff is too important to be missed.

"The final and common feature of the speculative episode-in stock markets, real estate, art, or junk bonds-is what happens after the inevitable crash. This, invariably, will be a time of anger and recrimination and also of profoundly unsubtle introspection. The anger will fix upon the individuals who were previously most admired for their financial imagination and acuity. Some of them, having been persuaded of their own exemption from confining orthodoxy, will, as noted, have gone beyond the law, and their fall and, occasionally, their incarceration will now be viewed with righteous satisfaction.

There will also be scrutiny of the previously much-praised financial instruments and practices-paper money; implausible securities issues; insider trading; market rigging; more recently, program and index trading that have facilitated and financed the speculation. There will be talk of regulation and reform."   John Kenneth Galbraith's A Short History of Financial Euphoria

Larry

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