Posts Tagged Matt Taibbi

Goldman Sachs Lawsuit is Pure Political Grandstanding

Beware, the Goldman Sachs lawsuit is a smoke screen to gather support for the financial reform legislation currently debated in the House. This is pure political grandstanding and does not begin to even scratch the surface of the criminal enterprise that is Goldman Sachs, let alone bring any lasting reform to the crooks of Wall Street. Wait & see, it will only put more power in the hands of the Federal Reserve Board which is totally wrong. The FRB needs to be audited & then disbanded.

Goldman will continue to get their way unless there is REAL reform and its former executives will consistently move on to the very highest financial positions in the US government. This gives them unprecedented access to power and knowledge.

Goldman seems to ALWAYS be on the right side of all major investment trends. Those concerning interest rates, stock market trends, and futures markets. Of course there is no way they would use the inside information they gather from their ex-partners that now work at the highest levels in government…yeah, right.

When the truth begins to emerge about Goldman, and their cross dealings and insider trading, somehow they always manage to get just a small slap on the wrist. I can just about guarantee you that this will be the case this time as well.

The truth is that Goldman Sachs is the mafia of Wall Street, and that they will do anything and everything to win at all costs, even if it means sacrificing their clients, and our financial system along the way. The incredibly insightful investigative reporter Matt Taibbi wrote, Goldman Sachs is a “a great vampire squid wrapped around the face of humanity, relentlessly jamming its blood funnel into anything that smells like money.” This may be the best Wall St quote of all time, and it is a true reflection of exactly what Wall Street has morphed into.

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