“Even the mass media is starting to take notice of the longtime cozy relationship that both the U.S. Treasury Department and the Federal Reserve Bank have with Goldman Sachs, a major Wall Street bank holding company and Democratic Party donor.”
“The most notable example of this mainstream attention to Goldman Sachs is a must-read exposé in this month’s Rolling Stone magazine by reporter Matt Taibbi.”
“Taibbi describes in “The Great American Bubble Machine” how Goldman Sachs serves as a “a great vampire squid wrapped around the face of humanity, relentlessly jamming its blood funnel into anything that smells like money,” which has been at the center of many government-created bubbles (and bailouts) that are the antithesis of free enterprise. The latest bubble/scam Goldman Sachs is working on, Taibbi stresses, is the “carbon credit” commodity that is working its way through Congress through the slogan “cap-and-trade.” ”
Full column by Thomas R. Eddlem @ http://www.thenewamerican.com/index.php/economy/sectors-mainmenu-46/1482