Published on zero hedge (http://www.zerohedge.com)
Taibbi: "Goldman Raped The Taxpayer, And Raped Their Clients"
By Tyler Durden
Created 02/18/2010 - 09:04
Nothing really new, just the most searing and comprehensive evisceration of the vampire squid's "profitability tactics" to date, packaged in a box of exquisite semantic brilliance that only Matt Taibbi can provide, and comprehensible enough for anyone to understand. Taibbi points out: "the fact that we haven't done much of anything to change the rules and behavior of Wall Street shows that we still don't get it. Instituting a bailout policy that stressed recapitalizing bad banks was like the addict coming back to the con man to get his lost money back. Ask yourself how well that ever works out. And then get ready for the reload." It is time to break up the market monopolizing force known as Goldman Sachs.
- AIG
- Alan Greenspan
- American International Group
- Bank of America
- Bank of New York
- Barack Obama
- Barry Ritholtz
- Ben Bernanke
- Brad Sherman
- Capital One
- Citigroup
- Con Artists
- Counterparties
- CRAP
- Credit-Default Swaps
- Creditors
- Eliot Spitzer
- Fail
- Federal Deposit Insurance Corporation
- Federal Reserve
- Financial Accounting Standards Board
- Flash Trading
- Free Money
- Gambling
- Goldman Sachs
- House Financial Services Committee
- Housing Bubble
- Institutional Investors
- Insurance Companies
- Jan Hatzius
- Lehman
- Lehman Brothers
- Lloyd Blankfein
- Main Street
- Mark To Market
- Matt Taibbi
- Meltdown
- Morgan Stanley
- Mortgage Bankers Association
- New York State
- New York Times
- Paul Kanjorski
- Primary Dealer Credit Facility
- Quantitative Easing
- Reality
- Recession
- recovery
- Sergey Aleynikov
- TARP
- Testimony
- Tim Geithner
- Too Big To Fail
- Trading Strategies
- Treasury Borrowing Advisory Committee
- Unemployment
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