Comments on: Matt Taibbi Is just plain wrong about Goldman Sachs Thu, 21 Jul 2016 07:57:19 +0000 hourly 1 By: phoenix1 Sun, 16 Aug 2009 14:38:16 +0000 It is impossible to censor the truth in the modern age.

By: phoenix1 Sat, 15 Aug 2009 22:49:57 +0000 Not only are his theories correct, in my opinion, but I am surprised that someone so young would come to such stark conclusions about our government and our corporate financial system. What you are witnessing is the systematic stripping of US assets and US capital and treasure in favor of corporate globalism, emerging markets and “one world” political philosophy.

“One World” means that the entire world economy is going to be controlled by a very small group of opec like corporate oligarchists.Like the G-8 on steroids. People do not want this. People want the right to live in freedom with the peeps of their choice. You think the economy is tough now? I think we are only a few years from outright seizure of personal assets.

For the greater good, of course.

The US and its people are screwed. We will be lucky if this country remains in one piece.

We are the fiscal underlings to Germany and France. They are doing better than the US is. They are probably going to become energy independent before we do. Their people live better.

And they have a great standard of living, rich in history.
What does the US have left? A great military that has been so abused in the last ten years it is teetering on ruin. A financial system that has been exposed as a worlwide fraud. A foreign policy that endangers every person on earth. WOW what an accomplishment. Super power.
Super Power? Not any more. The greatest thing about america has always been her forward looking optimistic people. Her spirit. Her faith. Those people: the backbone, the salt of the earth, the middle class, has been destroyed by greed and criminality.

Only in america could these people have ever been as successful. Only in america could a kid from the streets of Brooklyn grow up to head the worlds largest bank.

And how do they show their gratitude for the riches heaped upon them?

The people of the US need to stand up and fight for their country because we only have about 5 years left before it is gone.
Don’t believe me? Google tent cities and take a good long look at California, the worlds sixth largest economy.

America. We are fuc*ed.

By: TheObserver Fri, 14 Aug 2009 07:02:37 +0000 To Sally,
You gave a very thoughtful and rational response. I enjoyed your retort more than this article.

By: Ima Beelever Mon, 10 Aug 2009 15:50:13 +0000 What the heck does a quote from Megan McArdle at the irrelevant Atlantic magazine, saying — the Sarah Palin of journalism — have to do with anything?? The Sarah Palin…. ?? Wow, the political and business prejudice sure shines through on that article leading comment. Whatever happened to objective, truthful reporting of FACT instead of editorializing…. editorializing is precisely what Heidi does, but claims this is the weakness in Taibbis article. Read it again Heidi. The point of Taibbis article is that Goldman has both lead and been complicit in many questionable transactions, and unlike other firms, has had the people in place internationally to pull off these shady looking transactions. That in itself makes Taibbis article very plausible.

By: mynamehear Mon, 10 Aug 2009 15:24:56 +0000 Moore wrote- “Here’s why I’m on record as siding with the skeptics: Taibbi set himself an impossible task in trying to prove that one firm is that evil and that smart. The thing about bubbles is that they take a village-everyone has to become disinhibited, and greedy, on a mass scale to buy into a really bad idea.”

Yes, it takes a bunch of village idiots to ride the wave of unregulated greed over a cliff, but leading the village idiots (to their doom) there is always the one Bernie Madoff (Goldman).

By: Rose Eli Mon, 10 Aug 2009 15:12:42 +0000 Just don’t understand why someone need to blame Goldman Sachs from the first place, even more confused when someone who claimed to have no indirect or direct connections with Goldman needed to defend Goldman with tonnes of arguments.
So what is the purpose of your defense then? For truth (no one can verify the truth from different points of perspectives), clarification (there is far too many explanations else way), or for advancement of your hidden agenda (whether you have some indirect investments with GS or financial companies, some relatives (not friends) working there, or just save your soul as you might have worked somewhere in GS / financial communities some time ago?)

By: iSelektor Mon, 10 Aug 2009 15:02:32 +0000 This article screams PR for Big Finance.

The only retort I keep seeing is that the others did it too and they may or may not have been worse….but as one pointed out earlier you can’t defended the cronyism across the private/public sector line. That to me is the “smoking gun”.

By: mynamehear Mon, 10 Aug 2009 14:53:46 +0000 Wow- what a mind numbingly bad article this is! What you have done here is only firmed up what a bunch of lecherous hacks Goldman was/is (the is because we know they’re there again creating and riding the next taxpayer funded bubble). All you’ve managed to do Heidi is put up a comparison of all the top nearer do wells in each category, and say GS was in the top 3 of each! Hey, that makes me feel better! But then again your numbers are cherry picked from WHAT YOU SEE, not from the backroom balance sheets! So here is the real conclusion- either Mr. Taibbi was right altogether, or at the very least your buddies over at GS can say we suck less. Great job- makes me feel better!
What wasn’t addressed altogether is the fact that GS grads have held, and continue to hold far too many key Treasury/Fed/Policy making positions to not have it their way. Unfortunately this makes us (taxpayers) doomed to repeat the past.
Reuters- shame on you! I came to this publication as one of the last bastions that don’t let nonsensical and unproven “journalism” get published, and now this drivel!

By: chris Mon, 10 Aug 2009 14:28:03 +0000 citizens created the bubble. if people weren’t so stupid they wouldn’t have gotten themselves into the mess. i know of people whomade 35k/year and lived in 300k homes. the problem was the obsession with appearing affluent.

stop blaming the bankers. they just the dealers, people choose whether to shoot up.

By: the Shah Sun, 09 Aug 2009 15:53:24 +0000 Maybe this is oversimplifying, but shouldn’t – by definition – the biggest losers from this bubble, i.e., Citi, Lehman, AIG, Countrywide, Fannie/Freddie… shouldn’t they be eating the cow-pie instead of Goldman. While Lehman blew up the market to the tune XX trillion dollars in lost equity, the other 4 corps I listed account for about $500bil in gov’t loans and gurantees. Goldman’s number = $10bil and it’s already paid back with warrants repurchased as well. While I agree, Goldman takes the cake in the impropriety department, their balance sheet shows that they’re not to blame – unless one believes the shadow conspiracy and that they create bubbles, get out just before the bursting and then watch the fireworks and pick up the pieces afterwards. Let’s face it finally: Goldman is not that big or important, they are just another player in the game who is slighty (only slighty) more cautious then the rest. They are not even one of the top 50 biggest corps in the world.