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Rolling Stone - The Vampire Squid that is Goldman Sachs

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"The first thing you need to know about Goldman Sachs is that it's everywhere. The world's most powerful investment bank is a great vampire squid wrapped around the face of humanity, relentlessly jamming its blood funnel into anything that smells like money."

The financial collapse of 2007-2009 will be studied is as much detail as the great depression. Speculation in housing, oil, the stock market, and just about any other place you could artificially inflate forecasts in the interest of making money, is a large portion of the problem. Fueling the speculation and skimming billions off the top is Goldman Sachs, per the recent Rolling Stone article "The Great American Bubble Machine" written by Matt Taibbi.

When the final bubble collapsed, Goldman turned their sights to the taxpayer coffers. Scarily just about every financial regulating official is an ex Goldman employee. In the case of Stephen Friedman, who was the chairman of the New York Fed, still a Goldman employee and received a pass from the government when Goldman became a bank holding company and under the NY Fed's supervision. He used his position to purchase some 52000 shares in Goldman which netted him a tidy 3 million in profits. He stepped down when this came to light, no criminal charges were pressed, and another ex Goldman stepped up and took over - William Dudley.

Read this article, its a great peek into the backroom deals behind Tarp and the AIG bailout. By the end of it you'll feel like your in a bad horror movie.