Tag: Goldman Sachs

America’s Economy A Giant Ponzi Scheme?

You’ve probably read The Great American Bubble Machine,” Matt Taibi’s famous 2009 Rolling Stone takedown of Goldman Sachs. That’s the article in which he described the world’s most powerful investment bank as “a great vampire squid wrapped around the face of humanity, relentlessly jamming its blood funnel into anything that smells like money.” These days…

Posted in Jobs and the Economy

Government Sachs

  Today’s required reading would be this very long London Times profile of Goldman Sachs and its CEO, Lloyd Blankfein. Ominously titled, “I’m doing ‘God’s work’. Meet Mr Goldman Sachs,” the feature takes readers into the inner sanctum of the company Rolling Stone’s Matt Taibbi described as, “a great vampire squid wrapped around the face…

Posted in Jobs and the Economy

Carbon Credits And The Bankers Who Love Them

So you think the health-care debate is complicated? Wait until you try to understand carbon credits. The only thing I took away from economics professor Nance Folbre’s post on The New York Times‘s Green Inc. blog is that while I suppose I’ll have to hunker down and come to grips with the Waxman-Markey bill’s “cap-and-trade”…

Posted in Sustainability and Climate Change

Matt Taibbi On Goldman Sachs

If you haven’t been reading Rolling Stone reporter Matt Taibbi on the ubiquitous government presence of the Goldman Sachs investment bank, what are you waiting for? Here’s a teaser from his long, detailed history of the company’s entanglements with a succession of administrations (if reading’s not your thing, you can watch him talk about it…