Goldman Sachs
The real price of Goldman's giganto-profits by Matt Taibbi
"Equity underwriting boomed during the period as dozens of banks raised money to strengthen capital and repay Troubled Asset Relief Program funds. The business reported record revenue of $736 million."-- Wall Street Journal.
As Goldman Sachs Posts Record Profits, Matt Taibbi Probes Role of Investment Giant in US Financial Meltdown by Amy Goodman
Goldman Sachs, the nation’s most powerful financial company, has reported the richest quarterly profit in its 140-year history: $3.44 billion between April and June. Goldman’s record profits come just one month after it repaid $10 billion of TARP money to the US Treasury, freeing itself from restrictions on year-end bonuses. We speak to Matt Taibbi, whose new Rolling Stone article argues that “Goldman Sachs has engineered every major market manipulation since the Great Depression.”
The Great American Bubble Machine by Matt Taibbi
From tech stocks to high gas prices, Goldman Sachs has engineered every major market manipulation since the Great Depression - and they're about to do it again
'It's time to enshrine Hank Paulson as national hero' ... what the fuck? by Matt Taibbi
"Hank Paulson is a national hero.
I said it last October and I'm sticking by it. And now, there's actual evidence to back me up. The TARP bailout worked. The Wall Street crisis is over."
-- Evan Newmark, "It's Time to Enshrine Hank Paulson as National Hero," Wall Street Journal.
So here's the letter I wrote to the Wall Street Journal after reading Evan Newmark's paean to Hank Paulson last week:
Dear WSJ,
Obama's Top Economic Adviser Is Greedy and Highly Compromised by Matt Taibbi
Among the payoffs Larry Summers received: $45K from Merrill Lynch days before he joined Obama's team. And it gets worse.
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