Wednesday, June 24, 2009

Us, Them, Corruption, Anger and Goldman Sachs

Stock up on popcorn now. I suggest the old school stuff that you pop on the stove-top in case there are electricity shortages, then dust off your AM radio (as a backup in case you don't have TV by then) for when the show trials begin and the Plutocrats are dragged before the courts or committees of justice or whatever veneer of due process will be smeared over the populist outrage that these MBA-toting idiots are helping foster by their obtuse, rapacious crony capitalism on steroids that has been pimped out across the globe over the last several decades. The tides of anger and vengeance mapped out by socionomic theory will be especially unkind to whiz kids of Goldman Sachs, in my opinion.

Matt Taibbi skewers them in Rolling Stone, leading off with fire, anger and gusto: "The first thing you need to know about Goldman Sachs is that it is 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..."

Goldman Sachs

I haven't bought a Rolling Stone in years, but I'll be picking up this one after work.

1 comment:

David said...

100% with you on GS. When Goldman's surprising profitability during the Great Mortgage Meltdown turned out to be that they were shorting the very toxic paper they were selling, I couldn't believe then that GS executives (including former ones drawing paychecks from the U.S. Treasury by working for the Treasury Dept.) weren't all in prison orange and leg irons.

I thought it was illegal to short the same stuff you're selling. Maybe that's true of lesser mortals, but not those who work for the state.