If you want to understand how we got into this financial crisis, you have to first understand where all the money went — and in order to understand that, you need to understand what Goldman has already gotten away with. It is a history exactly five bubbles long — including last year's strange and seemingly inexplicable spike in the price of oil. There were a lot of losers in each of those bubbles, and in the bailout that followed. But Goldman wasn't one of them.Read the whole thing. This kind of investigative journalism is what American newspapers used to do.
Thursday, October 15, 2009
GOLMAN SACHS, THE BUBBLE MAKER
From Rolling Stone, "The Great American Bubble Machine" Subhead: "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."
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