Monday, July 06, 2009

A Bad Week for Goldman Sachs

Just a few days after GS announces the biggest-ever bonuses to their staff, they get the following...

Matt Taibbi attacks in inimitable Taibbi style. (IMHO Taibbi is the new Hunter Thompson, because he is such a scourge to the corrupt powers that be.)

Then Frank Rich piles on in his smooth j'accuse way by equating Goldman with Bernie Madoff but worse, and explaining why John Dillinger the bank robber was such a hero to the American public during a major economic depression - then and now. (Hint: GS had a somewhat-invisible hand in both. And not a small invisible hand, but a big one.)

And then Goldman is forced to publicly admit through their attorney in the NY district attorney's office that their secret computer trading code was not only stolen and released to the open internet, but is used to "unfairly" "manipulate" the markets! Of course it’s unfair manipulation when somebody other than Goldman does it - but if they do it, well, that’s different.

I love this!

PS: Matt Taibbi is this generation's Hunter Thompson.

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