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How Goldman Sachs blew up the economy
Posted by: Predator Obama ()
Date: July 15, 2009 08:32AM

Recent Rolling stone article that blames Goldman Sachs for everything from the Great Depression, The Tech stocks bubble, the housing crisis, $4 gallon gas and the raping of taxpayers in the bail out. I found the oil section part 5 or so of 7 the most interesting.

http://www.rollingstone.com/politics/story/29127316/the_great_american_bubble_machine/5



Edited 1 time(s). Last edit at 07/15/2009 08:32AM by Predator Obama.

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Re: How Goldman Sachs blew up the economy
Posted by: WashingTone-Locian ()
Date: July 15, 2009 09:03AM

Goldman Sachs and pretty much any incestuous bank/brokerage that has analysts that make recommendations to investors based on positions the company holds in certain markets. It is a fucking sham that reminds me of how the Wall Street power brokers gamed the market back in the 1920s before the crash.

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Re: How Goldman Sachs blew up the economy
Posted by: ITRADE ()
Date: July 15, 2009 09:12AM

Nice Q2 2009 profit for Goldman...

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Re: How Goldman Sachs blew up the economy
Posted by: Registered Voter ()
Date: July 15, 2009 09:15AM

Yeah - I have to agree with WTL. Banks were salivating to get de-regulated back in the 90's and once it happened they were bringing in brokerage and investment advisers as fast as they could. It makes little sense to me why you want to allow banks to combine with anything related to stock markets - after the GD you would think they had learned that lesson. Fine if someone wants to borrow money from a bank and invest it on their own, more power to em, but banks should not be in the position where they are managing or investing in funds that directly affect their bottom line - even if it is indirectly.

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Re: How Goldman Sachs blew up the economy
Posted by: Stoner ()
Date: July 15, 2009 05:35PM

The next target for Goldman Sachs is the cap and trade bill. Lovely. Its GOVERNMENT mandated so ITS not like they have to rig the game this time. Awesome, just in time for Christmass Obama and democrats are gonna help Goldman Sachs rape the american people AGAIN. Its reasurring that no matter who is in power, republicans or democrats we get ass fucked.

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Re: How Goldman Sachs blew up the economy
Posted by: Steal This Post ()
Date: July 16, 2009 12:28PM

Government should mandate executions for white collar crimes.

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Re: How Goldman Sachs blew up the economy
Posted by: Chubby Rain ()
Date: July 23, 2009 11:30AM

Steal This Post Wrote:
-------------------------------------------------------
> Government should mandate executions for white
> collar crimes.


True since their crimes fuck up more people's lives than murder does.

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