rollingstone.com — They use the same playbook over and over again: Goldman positions itself in the middle of a speculative bubble, selling investments they know are crap. When it all goes bust, leaving millions of ordinary citizens broke and starving, they begin the entire process over again.
Jul 3, 2009 View in Crawl 4
tacoman359Jul 4, 2009
Yea, its weird how that works out... Wait, no it isn't. ?Reality has a well-known liberal bias.? - Stephen Colbert
zachimalJul 4, 2009
Never hurts to have a piece like this for skeptical consideration though.
gn84Jul 4, 2009
@SethG911Really? All these businesses were taking advantage of homeowners because government let them? Is that why Bear Steans, Lehman Bros, Wamu, etc don't exist anymore? Was it their intention to go bankrupt and have to be swallowed by their competitors? The banks were taking advantage of homeowners because the government and Federal Reserve were encouraging them to do so.Monopolies don't happen without government intervention and regulation-- in a free market, if a business managed to corner the market, a competitor could start up to compete with it. Governments interfere with this process by raising barriers to competition.
wesbenterpriseJul 16, 2009
-1 for ignorance. America is a Republic, not a democracy
wesbenterpriseJul 16, 2009
Its the Jews!!!!! /sarc
deviantbonoJul 21, 2009
/s, you forgot it
johndkJul 22, 2009
I can't believe how f**king complaisant everyone is. Basically you're saying we're all f**ked and there is nothing we can do about. Grow a f**king pair.
loki49152Jul 23, 2009
Their political science and philosophy professors.
nynkeDec 14, 2009
<a class="user" href="http://www.moebius.nl/2009/12/12/gateway-ceremonies/" rel="nofollow">http://www.moebius.nl/2009/12/12/gateway-ceremonie ...</a> We may be witnessing the relentless unwinding of the biggest financial bubble in history?A real recovery is a process of discovery: it begins in pain and misery, and ends in prosperity.Investors figure out what their investments are really worth. Governments stop bailing out banks and businesses. Business people figure out how to turn a profit in a new "Information Age" environment (or something like that), with a new non-zero-sum game ethics in their backpacks. Households learn how to match their incomes against their expenses in a world where credit is less forthcoming and jobs are harder to find.The faster these discoveries are made, the better. But the first thing we have to realize is that we have been idiots.
nynkeDec 14, 2009
This story was written by Larry Hannigan in 1971 – The sole purpose was to explain the simple maths of reality and the current Banking System – that is – 100 plus NOTHING does NOT equal 105 – and that charging interest on something that is created out of nothing, makes it impossible to repay, giving great power to those who do create money out of nothing – ie the Banks.<a class="user" href="http://www.larryhannigan.com/TheEarthPlus5.htm" rel="nofollow">http://www.larryhannigan.com/TheEarthPlus5.htm</a>