Saturday, July 11, 2009


I've intensely despised Goldman Sachs for years now...going back to when I first learned how ubiquitous (and shady) they were in relation to the growing trend of privatizing roads and highways. And I've been waiting for someone to dig into all their bullshit and incestuous dealings for just as long. Finally, the great Matt Taibbi comes to the rescue. It's a bit long - okay, really long - but definitely worth the read. The first couple paragraphs alone give you a decent idea where he's headed...

The first thing you need to know about Goldman Sachs is that it's everywhere. The world's most powerful investment bank is a great vampire squid wrapped around the face of humanity, relentlessly jamming its blood funnel into anything that smells like money.

Any attempt to construct a narrative around all the former Goldmanites in influential positions quickly becomes an absurd and pointless exercise, like trying to make a list of everything. What you need to know is the big picture: If America is circling the drain, Goldman Sachs has found a way to be that drain — an extremely unfortunate loophole in the system of Western democratic capitalism, which never foresaw that in a society governed passively by free markets and free elections, organized greed always defeats disorganized democracy.

Oh, and make sure you watch the video interview with Taibbi if you follow the link. He's brilliant at translating intentionally-convoluted processes into a language most of the rest of us in the real world actually speak...


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