Wednesday, July 8, 2009
The Great American Bubble Machine
Great article on how Goldman Sachs has engineered every major market manipulation since the Great Depression.
http://www.rollingstone.com/politics/story/28816321/the_great_american_bubble_machine/3
"George Bush's last Treasury secretary, former Goldman CEO Henry Paulson was the architect of the bailout, a suspiciously self-serving plan to funnel trillions of Your Dollars to a handful of his old friends on Wall Street. Robert Rubin, Bill Clinton's former Treasury secretary, spent 26 years at Goldman before becoming chairman of Citigroup - which in turn got a $300 billion taxpayer bailout from Paulson."
"Joshua Bolten, Bush's chief of staff during the bailout, and Mark Patterson, the current Treasury chief of staff, who was a Goldman lobbyist just a year ago, and Ed Liddy, the former Goldman director whom Paulson put in charge of bailed-out insurance giant AIG, which forked over $13 billion to Goldman after Liddy came on board. The heads of the Canadian and Italian national banks are Goldman alums, as is the head of the World Bank, the head of the New York Stock Exchange, the last two heads of the Federal Reserve Bank of New York - which, incidentally, is now in charge of overseeing Goldman."
Gee, look at this revolving door of politicians and bankers.
Whose interests do you think they have at heart, the peoples or the profits of big business?
"Fascism should more properly be called corporatism because it is the merger of state and corporate power."
- Benito Mussolini.
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